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
Roads, Public Goods, and Focal Points
Episode 5: Notes and Sources
Vaughn Baltzly, "Publicized Goods, or the Promiscuity of the Public Goods Argument." https://www.cambridge.org/core/journals/economics-and-philosophy/article/abs/concerning-publicized-goods-or-the-promiscuity-of-the-public-goods-argument/DE16529B673600C47C22B59C87D198A9
Bruce Benson, "Are Roads Public Goods?"
https://www.springerprofessional.de/en/are-roads-public-goods-club-goods-private-goods-or-common-pools/11240720
Daniel Klein, KNOWLEDGE AND COORDINATION. https://www.amazon.com/Knowledge-Coordination-Interpretation-Daniel-Klein/dp/019979412X/ref=sr_1_1?ie=UTF8&qid=1324300010&sr=8-1
Thomas Schelling, THE STRATEGY OF CONFLICT. http://elcenia.com/iamapirate/schelling.pdf
"Are Roads Really Public Goods?" https://fee.org/articles/are-roads-really-public-goods/
"Economists on Federal Funding for NPR." National Public Radio, PLANET MONEY. https://www.npr.org/transcripts/134863998
"The Fundamental Law of Road Congestion." https://cityobservatory.org/the-fundamental-global-law-of-road-congestion/
"Tolls on the Connecticut Turnpike." https://www.latimes.com/archives/la-xpm-1985-10-10-mn-15553-story.html
If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com !
You can follow Mike Munger on Twitter at @mungowitz