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Women in Prison, and ALL Costs are Transaction Costs

Women in Prison, and ALL Costs are Transaction Costs

FromThe Answer Is Transaction Costs


Women in Prison, and ALL Costs are Transaction Costs

FromThe Answer Is 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)

In which the Knower of Important Things shows how transaction costs explain literally everything. Plus TWEJ, homework, and answers to questions.If YOU have questions, submit them to our email at taitc.email@gmail.com And check out the Facebook page, to leave comments and answer comments from other listeners:  https://www.facebook.com/profile.php?id=100092342062186