by Michael Munger
<p><b>"</b><b>The real price of everything is the toil and trouble of acquiring it." </b> -Adam Smith (WoN, Bk I, Chapter 5)</p><p><br>In which the Knower of Important Things shows how transaction costs explain literally everything. Plus TWEJ, and answers to letters.<br><br>If YOU have questions, submit them to our email at [email protected] <br><br>There are two kinds of episodes here: <br>1. For the most part, episodes June-August are weekly, short (<20 mins), and address a few topics. <br>2. Episodes September-May are longer (1 hour), and monthly, with an interview with a guest.<br><br><br><br>Finally, a quick note: This podcast is NOT for Stacy Hockett. He wanted you to know that.....</p>
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5/9/2023
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March 26, 2025
Send us a text What happens when we no longer consume scarce information through trusted, verified institutions, but instead through an abundance of unbundled content without context or curation? John Green, rising star in political science from Duke University, takes us on a tour of the rapidly evolving landscape of political information. Green challenges conventional wisdom about how ideologies function, arguing they're not so much coherent philosophical systems as they are socially ...
February 25, 2025
Send us a text Join economist Peter Bettke as he discusses how transaction costs impact market efficiency and our everyday decisions. We delve deep into historical examples, particularly the Soviet Union, to highlight the consequences of centralized planning versus individual market actions. Through engaging anecdotes and rigorous analysis, Bettke reveals why understanding transaction costs is essential for navigating the complexities of modern economies. We also explore the evolving d...
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Send us a textWhat if transaction costs could shape entire political and economic systems? Join us for an insightful discussion with Shruti Rajagopalan, a senior research fellow at the Mercatus Center, as she takes us through her fascinating journey from the University of Delhi to George Mason University. Her research on India's economic liberalization shaped her understanding of economics and public choice theory, and now she is looking at the Indian Constitution as a subject of study. She s...
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