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 taitc.email@gmail.com
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.....
The Answer Is Transaction Costs
Latest Episodes
Adam Smith's Wealth of Nations Episode 6--Division of Land
Little's Law: The Transaction Costs of (Re)Drawing Lines
Adam Smith's Wealth of Nations: Episode 5--The Text of Book II
Adam Smith's Wealth of Nations: Episode 4--Capital and Book II: Introduction
The Innovation is the Exchange Itself!
Fan Mail
I was listening to the podcast and a specialist on COMECON was mentioned during the introduction. I was curious, what is their name? Thanks, Daniel S
Annapolis, Maryland