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Michael Munger
The Answer Is Transaction Costs
"The real price of everything is the toil and trouble of acquiring it." -Adam Smith (WoN, Bk I, Chapter 5)In which the Knower of Important Things shows how transaction costs explain literally everything. Plus TWEJ, and answers to letters.If YOU have questions, submit them to our email at [email protected] And check out the Facebook page, to leave comments and answer comments from other listeners: https://www.facebook.com/profile.php?id=100092342062186
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Ratings & Reviews
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5.0 stars from 40 ratings
Munger Transactions Are Best
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“You don’t want to miss this show with Munger making concise arguments for the importance of transaction costs in all we do.”
Vance Ginn via Apple Podcasts ·
United States of America ·
12/31/23
DIAMONDS in a coal mine
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“Nothing against coal mines, but how great it’s been to run across this gem while regularly exploring my staple listenings. Rewarding”
johnson bros via Apple Podcasts ·
United States of America ·
11/22/23
Knower of Important Things Rules!
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“Professor Munger is a rare American and a living paradox.
Which other American would quote Monty Python in a podcast about transaction costs?
What economist tells self deprecating jokes? The talking frog one was my favourite?
Professor Munger- why have you taken so long to branch out on your...”Read full review »
Daniel R Parry via Apple Podcasts ·
Australia ·
10/14/23
Recent Episodes
What if crossing a mere corner of private land could land you in legal hot water? This episode tackles the thorny issue of corner crossing, where public and private lands meet at a single point, creating potential trespassing conflicts. We'll dissect Dave Schmitz's insights on the limits of...
Published 06/11/24
Can a single $100 bill solve an entire town's debt crisis? This riddle is a window into transaction costs. I rely on Jeffrey Rogers Hummel's insights, adding a few thoughts of my own. And a cool letter: Ever wondered why you haggle for a car but not for your morning Starbucks's coffee? Plus, a...
Published 06/04/24
Published 06/04/24
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