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Faith and Loyalty through the TC Lens

Faith and Loyalty through the TC Lens

FromThe Answer Is Transaction Costs


Faith and Loyalty through the TC Lens

FromThe Answer Is Transaction Costs

ratings:
Length:
21 minutes
Released:
Jul 18, 2023
Format:
Podcast episode

Description

Transaction costs can help institutions build loyalty and commitment among their members. Starting with the biblical story of Abraham, we delve into the delicate balance of setting transaction costs to neither alienate nor diminish values. Then: loyalty filters. The civil service of imperial China.  Email spam.  "The Word of Wisdom", a LDS dietary and lifestyle principle. But....there are cola vending machines at Brigham Young University, a seeming detour from the teachings of the Word of Wisdom. Links:Genesis 22 TextWord of Wisdom Text from D&CCaffeinated drinks at "The Y."Why is SPAM so badly written? Calligraphy in the Chinese Civil ServiceGeorge Akerlof. (1983). Loyalty Filters. The American Economic Review, 73(1), 54–63. David Kreps (1990). Corporate Culture and Economic Theory ("culture" as a signalling device)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:
Jul 18, 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