The Answer Is Transaction Costs
Claim This Podcastby Michael Munger
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Podcast Overview
<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 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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Publishing Since
5/9/2023
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Recent Episodes
June 23, 2026
Parasites And Property Rights
Host [Host Name] explores how socialist writing transforms the concept of a "social parasite" into an enforceable legal category, revealing the transaction costs of monitoring labor.
June 16, 2026
Books Don't Bet, They Match
Host Alex D. and guest Kevin Braig, a legal scholar, explore how sportsbooks function as contract brokers and how legal and technological factors influence market integrity in this interview.
June 9, 2026
Hereditary Monarchy: At Least You Know Which Idiot Is Next
Host Alex Tabarrok and guest Thomas E. Woods Jr. explore how hereditary monarchy's low transaction costs historically prevent civil war, making it a surprisingly stable succession system.
78 total episodes available with 5 transcripts
Recent guests on The Answer Is Transaction Costs
Guests from recent episodes — sign up to see every guest that has ever appeared on this show.
Kevin Braig
Guest
Mikayla Novak
Guest
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- What is The Answer Is Transaction Costs?
<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 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> - How often does this podcast release new episodes?
This podcast updates bi-weekly.
- Where can I listen to this podcast?
This podcast is available on 10 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
Yes, this podcast regularly features guests.
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