The Answer Is Transaction Costs
npub1htzpg24fvsta2xwv0seccjmxymq950vg7zwc8dmtgrme9gu4elpq39vsze@drss.io
<p><b>"</b><b><em>The real price of everything is the toil and trouble of acquiring it." </em></b><em> </em>-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 taitc.email@gmail.com <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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Pins: Division of Labor is Limited by Transaction Costs
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Curation Bubbles, Verification, and the Splintering of Ideology: Green
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The Socialist Generation Debate: Boettke
25 Feb 2025
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Transaction Costs and Constitutions: India's Balancing Act, with Shruti Rajagopalan
28 Jan 2025
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Political Capitalism and the Power of Elites: Randall Holcombe
24 Dec 2024
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From Law to Legislation: A Natural Process
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20 Aug 2024
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All Housing is Affordable Housing
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We Get Letters!
6 Aug 2024
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30 Jul 2024
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Bees, Oranges, and Externalities: The Answer is Transaction Costs
16 Jul 2024
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Parking Lots, Transaction Costs of the Price Mechanism, and the Pork Pie Fedora Rogue
9 Jul 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) Two seemingly similar parking lots at Wrightsville Beach, North Carolina, couldn't be more different in the emergent behaviors they
Monkey See, Monkey App! And IP Walks Into a Bar....
2 Jul 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) The method of much of social science is "comparative statics." There's an amazing natura experiment going on, after Hurricane Maria
Baseball, Dollar Dogs, Apple Pie and Transaction Costs
25 Jun 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) Why would a baseball stadium limit the number of $1 hot dogs per customer on Dollar Hot Dog Night? Find out as we work on this
Dam Shame: It's not easy being government
18 Jun 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) I have been interested lately in a paper Bill Keech and I were working on a decade ago, It was called "The Anatomy of Government
Corner Crossing Conundrum: Trespassing, Airspace, and Property Rights
11 Jun 2024
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The Riddle is Transaction Costs: That's What the Money is For!
4 Jun 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) 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
From Commons to Coase and Beyond, With Steven Medema
28 May 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) What if understanding the hidden costs in every transaction could revolutionize how we see economics? Stephen Medema of Duke
Desert Town Dilemmas and the Problem of Property Rights
30 Apr 2024
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) We embark on a journey through the lenses of Hume, Smith, and Coase, piecing together the roles of observation and empirical study
Caldwell: Hayek's Intellectual Journey
26 Mar 2024
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Making Deals With Shadows: The Economics of Ransomware and Cybersecurity
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Current Event: Smart Grids, DERs, and the Economics of Energy
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Permissionless Innovation: Unshackling Potential or Unleashing Chaos?
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Neutrality, Security, and Ethereum: the Future of Global Transaction Costs
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Effective Altruism and the Transaction Costs of Maximizing Expected Value
26 Sep 2023
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Motives and Morals of Taxes, and an Homage to Bob Barker
29 Aug 2023
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All You Can Eat, or By the Ounce?
22 Aug 2023
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The Devil Went Down to Grievance: Tuh, Taxes, and HOAs
15 Aug 2023
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The Red Dots Three, Parsley, and Counting Sheep
8 Aug 2023
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Academic Publishing, Talking Frogs, and Nailing Your Head to the Floor
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Faith and Loyalty through the TC Lens
18 Jul 2023
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) Transaction costs can help institutions build loyalty and commitment among their members. Starting with the biblical story of
Lettuce Again, and Lumber
11 Jul 2023
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) How is buying lettuce like buying lumber? Each is idiosyncratic, and has to be sorted. Imposing the sorting costs on the buyer is
Conventional Wisdom, Chesterton Fences, and "Excuse me"
4 Jul 2023
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Dollar Hot Dogs, Coupons, and Bidding for Wallets
27 Jun 2023
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Women in Prison, and ALL Costs are Transaction Costs
20 Jun 2023
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) Last week's letter asked if charging prices below the "market" price might be rational, but might be an antitrust violation. The
Dating, Marriage, and the Costs of Search
13 Jun 2023
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Roads, Public Goods, and Focal Points
6 Jun 2023
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Middlemen: From Mancgere to Amazon
30 May 2023
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Propriety, Norms, and Traffic Congestion: Episode 3
23 May 2023
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Exchange Takes "Place," and the Strange Case of Lettuce
16 May 2023
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TAITC: Episode 1
9 May 2023
Send us Fan Mail (https://www.buzzsprout.com/2186249/fan_mail/new) The introductory episode for TAITC: "The Answer is Transaction Costs!" The new weekly podcast from Duke University's Mike Munger