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Women in Prison, and ALL Costs are Transaction Costs
Women in Prison, and ALL Costs are Transaction Costs
ratings:
Length:
19 minutes
Released:
Jun 20, 2023
Format:
Podcast episode
Description
Last week's letter asked if charging prices below the "market" price might be rational, but might be an antitrust violation. The TWEJ is a joke about women in prison for having violated rules against "moral" pricing. The actual cartoon is here, preserved for posterity by the good Timothy Taylor. Some links, for more information:Russ Roberts and Michael Munger on John Locke, Prices, and Hurricane SandyJohn Locke, "Venditio"Guzman and Munger, "Moral Dilemmas from Locke's Venditio," Public Choice. A "Loudwire" article that fails to understand even basic economics of scarcity.Mark Perry drops the truth about "Ticket Scalping" and why it happens...Adam Smith: "The real price of everything is the toil and trouble of acquiring it." (WoN, Bk I, Chapter 5) 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
Released:
Jun 20, 2023
Format:
Podcast episode
Titles in the series (25)
TAITC: Episode 1 by The Answer Is Transaction Costs