The Answer Is Transaction Costs

By Michael Munger

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Image by Michael Munger

Category: Social Sciences

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Subscribers: 39
Reviews: 1
Episodes: 29

 Jun 19, 2023


"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 

There are two kinds of episodes here: 
1. For the most part, episodes June-August are weekly, short (<20 mins), and address a few topics. 
2. Episodes September-May are longer (1 hour), and monthly, with an interview with a guest.

Finally, a quick note:  This podcast is NOT for Stacy Hockett. He wanted you to know that.....

Episode Date
Dam Shame: It's not easy being government
Jun 18, 2024
Corner Crossing Conundrum: Trespassing, Airspace, and Property Rights
Jun 11, 2024
The Riddle is Transaction Costs: That's What the Money is For!
Jun 04, 2024
From Commons to Coase and Beyond, With Steven Medema
May 28, 2024
Desert Town Dilemmas and the Problem of Property Rights
Apr 30, 2024
Caldwell: Hayek's Intellectual Journey
Mar 26, 2024
Making Deals With Shadows: The Economics of Ransomware and Cybersecurity
Feb 27, 2024
Current Event: Smart Grids, DERs, and the Economics of Energy
Jan 30, 2024
The 5G Revolution, Huawei Controversy, and Global Trade Dynamics
Dec 19, 2023
Permissionless Innovation: Unshackling Potential or Unleashing Chaos?
Nov 21, 2023
Neutrality, Security, and Ethereum: the Future of Global Transaction Costs
Oct 31, 2023
Effective Altruism and the Transaction Costs of Maximizing Expected Value
Sep 26, 2023
Motives and Morals of Taxes, and an Homage to Bob Barker
Aug 29, 2023
All You Can Eat, or By the Ounce?
Aug 22, 2023
The Devil Went Down to Grievance: Tuh, Taxes, and HOAs
Aug 15, 2023
The Red Dots Three, Parsley, and Counting Sheep
Aug 08, 2023
Packing Out Your Trash, Brown M&Ms, and $100 Bills on the Sidewalk
Aug 01, 2023
Academic Publishing, Talking Frogs, and Nailing Your Head to the Floor
Jul 25, 2023
Faith and Loyalty through the TC Lens
Jul 18, 2023
Lettuce Again, and Lumber
Jul 11, 2023
Conventional Wisdom, Chesterton Fences, and "Excuse me"
Jul 04, 2023
Dollar Hot Dogs, Coupons, and Bidding for Wallets
Jun 27, 2023
Women in Prison, and ALL Costs are Transaction Costs
Jun 20, 2023
Dating, Marriage, and the Costs of Search
Jun 13, 2023
Roads, Public Goods, and Focal Points
Jun 06, 2023
Middlemen: From Mancgere to Amazon
May 30, 2023
Propriety, Norms, and Traffic Congestion: Episode 3
May 23, 2023
Exchange Takes "Place," and the Strange Case of Lettuce
May 16, 2023
TAITC: Episode 1
May 09, 2023