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The Answer Is Transaction Costs
Michael Munger
54 episodes
1 day ago
Send us a text Middlemen are not parasites but essential "engineers of exchange" who create value by connecting buyers and sellers who might never find each other otherwise. • The word "monger" (and Munger) comes from a Saxon root--Mancgere-- meaning trader or merchant • Middlemen historically seen as parasites for buying cheap and selling dear without improving products • 11th-century "mancgere" traders defended their value despite not changing the goods they sold • RA Radford's 1945 POW ca...
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All content for The Answer Is Transaction Costs is the property of Michael Munger and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Send us a text Middlemen are not parasites but essential "engineers of exchange" who create value by connecting buyers and sellers who might never find each other otherwise. • The word "monger" (and Munger) comes from a Saxon root--Mancgere-- meaning trader or merchant • Middlemen historically seen as parasites for buying cheap and selling dear without improving products • 11th-century "mancgere" traders defended their value despite not changing the goods they sold • RA Radford's 1945 POW ca...
Show more...
Social Sciences
Comedy,
News,
Politics,
Science
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Shibumi! Legit Idea, or Shady Dealings?
The Answer Is Transaction Costs
23 minutes
10 months ago
Shibumi! Legit Idea, or Shady Dealings?
Send us a textYou can throw shade, but can you own the idea of shade? Shibumi's sunshade has become an essential part of the coastal landscape, but that has sparked some fierce legal battles. We'll talk patents, beginning with the evolution of shade solutions from caveman ingenuity to Shibumi's wind-powered marvel. Plus, you'll get the inside scoop on the recent lawsuit where Shibumi defended its designs against Beach Shade LLC, demonstrating the high stakes of protecting intellectual propert...
The Answer Is Transaction Costs
Send us a text Middlemen are not parasites but essential "engineers of exchange" who create value by connecting buyers and sellers who might never find each other otherwise. • The word "monger" (and Munger) comes from a Saxon root--Mancgere-- meaning trader or merchant • Middlemen historically seen as parasites for buying cheap and selling dear without improving products • 11th-century "mancgere" traders defended their value despite not changing the goods they sold • RA Radford's 1945 POW ca...