The Answer Is Transaction Costs
Michael Munger"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 taitc.email@gmail.com There are two kinds of episodes here: 1. For the most part, episodes June-August are w... more
| Publishes | Weekly | Episodes | 68 | Founded | 3 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | PoliticsSocial SciencesScienceNews | |||
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We explore why money became the default middleman and how a modern platform can make barter practical by slashing the costs of search, matching, and trust. Founder Jassim Baqer shares the story behind Tbadel, what people actually trad... more
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Tracing out Adam Smith’s Book IV, chapters 1–6, to show how mercantilism mistakes money for wealth, how protection creates monopolies at home, and why free exchange raises real prosperity. Smith defends two narrow exceptions—defense a... more
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We trace how Adam Smith solves a historical puzzle: why Europe’s path to prosperity inverted the “natural order,” and how commerce quietly dissolved feudal power to make room for liberty. The story follows incentives, from primogenitu... more
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A conversation with Andrew Wagner, production and manufacturing engineer, now in aerospace, but with experience also in the auto industry.
We trace how transaction costs shape production, from Adam Smith’s pin factory to Toyota’s SME... more
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Reviews
- Magnificent Munger
Love his passion and ability to communicate economic ideas and theory so transparently.
Apple Podcasts5Buchangus
United States4 months ago - Love the Show; Don’t Change a Thing
Love the show, Mike. And don’t listen to anyone who says you or your guests get too far off in the economic weeds sometimes: I learn so much and get a greater appreciation for the dismal science with every episode. Being a non-economist TAITC fan, it’s definitely a mental challenge to sort through the…intense…terminology use sometimes, but what an enlightening challenge it is.
Keep up the great work!
Apple Podcasts5AgmcvetUnited States6 months ago - Incredibly thought provoking!
I absolutely love TAITC. Numerous times have I gone out of listening to it with so much curiosity for the topics discussed. Almost every time I would read the title of the episode and be excited about the knowledge about to be imparted on me. Would highly recommend. Mike has influenced my thinking plenty of times!
Apple Podcasts5Simon Blöthner
Germanya year ago - Hunger for the munger
I would love to see an avengers-style buddy action hero movie starring Mike Munger and Russ Roberts fighting against… well I don’t even know what but something where they explain everyday economics principles and wear capes! Love the podcast we need more Mike on the mic.
Apple Podcasts5jjiusbbbdhagUnited Statesa year ago - Munger Transactions Are Best
You don’t want to miss this show with Munger making concise arguments for the importance of transaction costs in all we do.
Apple Podcasts5Vance GinnUnited States2 years ago
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Apple Podcasts | #49 | United States/Science/Social Sciences |
Apple Podcasts | #116 |  Canada/Science/Social Sciences |
Apple Podcasts | #211 |  United Kingdom/Science/Social Sciences |
Apple Podcasts | #56 |  Australia/Science/Social Sciences |
Apple Podcasts | #57 |  Italy/Science/Social Sciences |
Apple Podcasts | #137 | Germany/Science/Social Sciences |
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Frequently Asked Questions About The Answer Is Transaction Costs
What is The Answer Is Transaction Costs about and what kind of topics does it cover?
Focused on the concept of transaction costs, the content shed light on various economic principles, particularly those derived from Adam Smith's work. Episodes provide a blend of short insights and in-depth discussions, often featuring interviews with experts and scholars. Topics include political economy, mercantilism, the role of institutions, and the applications of economic theories in everyday life. The unique approach to discussing complex topics is both accessible and entertaining, appealing to listeners across different backgrounds with a keen interest in economics and decision-making processes.
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Which podcasts are similar to The Answer Is Transaction Costs?
These podcasts share a similar audience with The Answer Is Transaction Costs:
1. EconTalk
2. The Marginal Revolution Podcast
3. Conversations with Tyler
4. Macro Musings with David Beckworth
5. "Econ 102" with Noah Smith and Erik Torenberg
How many episodes of The Answer Is Transaction Costs are there?
The Answer Is Transaction Costs launched 3 years ago and published 68 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.
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What guests have appeared on The Answer Is Transaction Costs?
Recent guests on The Answer Is Transaction Costs include:
1. Andrew Wagner
2. Chris Cornette
3. Mikayla Novak
4. G. Patrick Lynch
5. John Green
6. Peter Bettke
7. Shruti Rajagopalan
8. Randall Holcombe
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