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
When Bribes Become the System: Understanding Lock-In
Adam Smith's Wealth of Nations: Introduction and Book I
Second Place Is The First Loser: Strategy Over Speed
When Bats Attack: Understanding Insurance
Adam Smith's Wealth of Nations: Episode #2--The "Model"
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