Podcast appearances and mentions of Michael Munger

Michael Munger is an American economist and a former chair of the political science department at Duke University, In this episode, we talked about:•⁠  ⁠Michael's Bio & Background•⁠  ⁠Housing Rights•⁠  ⁠Rent Control•⁠  ⁠Corporate Income Tax•⁠  ⁠Line LegislationUseful links:Podcast: The Answer Is Transaction Costshttps://podcasts.apple.com/us/podcast/the-answer-is-transaction-costs/id1687215430

Send us a textWhat is Universal Basic Income (UBI) and why is it so popular among economists and freedom lovers relative to other types of poverty policy solutions? What does it even mean to “solve a problem” or to “learn” in the social sciences?  Join us today to explore the answers to these two questions and many more. Today, I am excited to welcome on Peter Van Doren to talk about the history of poverty policy and policy debates and the reality about universal basic income. We talk about some pretty conclusive economic studies which highlight the effect of UBI type policies and what to make of them!  Peter Van Doren is a senior fellow at the Cato Institute and the editor of Regulation, a quarterly magazine about applied microeconomics and economic policy issues.Want to explore more?Michael Munger on the Basic Income Guarantee, an EconTalk podcast.Thomas Koenig, Adam Smith, Francis Fukuyama, and the Indignity of the UBI, at Speaking of Smith.Bruce Meyer on Poverty, an EconTalk podcast.Scott Winship on Poverty and Welfare, a Great Antidote podcast.Clark Nardinelli, Industrial Revolution and the Standard of Living, in the Concise Encyclopedia of Economics.Jeremy Horpedahl on the Real Cost of Thriving Index, a Great Antidote Podcast.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Can Musk use DOGE to reduce the size and power of the bureaucracy and big government? Michael Munger of Duke University thinks not, but EconTalk's Russ Roberts isn't so sure. Listen as they discuss the risks of empowering bureaucrats to rein in other bureaucrats and whether change can really happen given the power of the political forces operating below the surface.

Skeptical of Doge, with Professor Michael Munger In this episode of The Rational Egoist, host Michael Liebowitz is joined by Professor Michael Munger, political science professor and director of the PPE Certificate Program at Duke University, to discuss the cultural phenomenon of Dogecoin and other speculative trends. Drawing from his insights on markets, decision-making, and his article Elon Musk, Tigers, and the Nature of Bureaucracy, Munger critiques the hype surrounding Dogecoin and its implications for economic behaviour, market rationality, and societal values. Tune in for a thoughtful exploration of the intersection of cryptocurrency, human psychology, and rational investment. Michael Leibowitz, host of The Rational Egoist podcast, is a philosopher and political activist who draws inspiration from Ayn Rand's philosophy, advocating for reason, rational self-interest, and individualism. His journey from a 25-year prison sentence to a prominent voice in the libertarian and Objectivist communities highlights the transformative impact of embracing these principles. Leibowitz actively participates in political debates and produces content aimed at promoting individual rights and freedoms. He is the co-author of “Down the Rabbit Hole: How the Culture of Correction Encourages Crime” and “View from a Cage: From Convict to Crusader for Liberty,” which explore societal issues and his personal evolution through Rand's teachings. Explore his work and journey further through his books: “Down the Rabbit Hole”: https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X “View from a Cage”: https://books2read.com/u/4jN6xj join our Ayn Rand Adelaide Meetups here for some seriously social discussions on Freedom https://www.meetup.com/adelaide-ayn-rand-meetup/

Econtalk Key Takeaways Check out the episode pageRead the full notes @ podcastnotes.orgFriedrich Hayek credited Bruno Leoni with shaping his ideas on laws and legislation. James Buchanan said that Leoni identified problems that led to his own work on public choice. How is it possible, then, that so few of us know of the groundbreaking Italian political philosopher? Listen as Duke economist Michael Munger talks with EconTalk's Russ Roberts about Leoni's ideas and the gruesome murder that ended his life before its time.

In 2020, Alex spoke with Mike Munger about the sustainability of capitalism. We're republishing that very important conversation today. --- Alex Aragona talks with Mike Munger as he explores his views on the sustainability of capitalism and the factors that contribute to it. References from Episode 23 with Michael Munger You can order Michael Munger's book Is Capitalism Sustainable on Amazon Canada here You can order his book Tomorrow 3.0 on Amazon Canada here

Friedrich Hayek credited Bruno Leoni with shaping his ideas on laws and legislation. James Buchanan said that Leoni identified problems that led to his own work on public choice. How is it possible, then, that so few of us know of the groundbreaking Italian political philosopher? Listen as Duke economist Michael Munger talks with EconTalk's Russ Roberts about Leoni's ideas and the gruesome murder that ended his life before its time.

Send us a textHave you ever wondered how common law rules and market prices both "emerge"? Inspired by the works of James Buchanan, F.A. Hayek, and Bruno Leoni, Donald Boudreaux explains how decentralized processes can lead to the emergence of effective norms, such as queuing and speeding rules, without the need for top-down legislation. We discuss the significance of individuals spending their own money versus others' and how these incentives impact societal outcomes, highlighting the deep wisdom embedded in traditionally evolved rules.We also venture into the nuanced distinction between law and legislation, drawing on insights from Buchanan and Hayek. We elaborate on Buchanan's concept of "relatively absolute absolutes," and on Hayek's emergence process, emphasizing the continuous generation of information through human action and preferences. Discover the natural process behind the emergence of common law, its role in establishing predictable rules, and the challenges presented by the unpredictable nature of parliamentary law. Guest: Donald Boudreaux at George Mason UniversitySome Links: Econtalk, Sept 30, 2024: “The Underrated Bruno Leoni”Econtalk, Dec 11, 2006:  "Law and Legislation"Michael Munger and Georg Vanberg, 2023, Contractarianism, Constitutionalism, and the Status Quo. Public Choice. Michael Munger, 2023, “The Socialist Generation Debate,” AIER. Book o'da'month: Bruno Leoni, FREEDOM AND THE LAWIf 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

It's time for my weekly freedom therapy session with Eric Peters from Eric Peters Autos. A lot of shocking new developments have happened since our last visit. Michael Munger once described the welfare state's hold over single mothers as something you'd expect to find in a polygamist culture. His latest essay reveals how welfare is like a jealous polygamist. Article of the Day: The Amish are a perfect example of a people who are "in the world but not of the world." Tracy Thurman says we can learn a lot by looking to the Amish as a control group for how to resist technofeudalism. Sponsors: Life Saving Food  Fifty Two Seven Alliance Iron Sight Brewing Co. Quilt & Sew

Ever wondered why firms exist in a market-driven economy? This month's episode promises to unravel this question by diving deep into Ronald Coase's seminal 1937 paper, "The Nature of the Firm." Join me, Mike Munger, as I reflect on our first 16 months of podcasting and share the insights and wisdom that have shaped our journey. You'll gain a thorough understanding of how transaction costs influence economic behaviors and organizational structures, with fascinating examples from Richard Langlois' analysis of the American Midwest's agricultural sector before the railroad era.Ronald Harry Coase, The Nature of the Firm (1937)Michael Munger, Why Bosses Don't Wear Bunny SlippersIf 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

Send us a Text Message.What's in a price? Good question. How can you be “enslaved” to something like a price, to something that doesn't eat, sleep, or breathe? Good question. What does it mean to wage a war against this inanimate enslaver? Good question. Join me today with Ryan Bourne, the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato institute. Bourne paints a picture of a bloodless yet economically catastrophic war. It's one which leaves us vulnerable as the weapons of the market (dollars) diminish in our pockets (inflation) and the state of war (price controls) depletes the quality and quantity of our conquests (market interactions) until they are vastly inferior to the opposition's (free markets). Want to explore more?Russ Roberts, Where Do Prices Come From? at Econlib.Michael L. Davis, Price Gouging is Fine, but Humans are Better, at Econlib.Michael Munger on John Locke, Prices, and Hurricane Sandy, an EconTalk podcast.Rosolino Candela, Can Price Controls Fight Inflation? at Econlib.Michael Cannon on Prices and Health, a Great Antidote podcast.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Duke economist Michael Munger joins Kendall and Casey to discuss the recent stock market plunge. See omnystudio.com/listener for privacy information.

What is it that beach parking lots are actually selling? Why do beer bottles cost more than cans? And just what are costs of the thing, as opposed to the costs of selling or buying the thing? Can you really separate them out?Mass MOCA: "Wilco's Solid Sound" Music Festival https://massmoca.org/event/solid-sound-2024/"To Consumers, ALL Costs are Transaction Costs." AIER, by Michael Munger. https://www.aier.org/article/to-consumers-all-costs-are-transaction-costs/Yogi Berra "quotes" (mostly attributed, rather than actual). https://businesscoachingofpa.com/top-100-classic-yogi-berra-quotes/Book o'da'week: Dealers of Lightning: Xerox PARC and the Dawn of the Computer Age Kindle Edition Michael A. Hiltzik, 2009, Harper-Collins.  https://www.amazon.com/Dealers-Lightning-Xerox-PARC-Computer/dp/0887309895If 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

Economics students are often taught that government should intervene when there is market failure. But what about government failure? Should we expect government intervention to outperform market outcomes? Listen as Duke University economist Michael Munger explores the history of how economists have thought about this dilemma and possible ways to find a third or even fourth option beyond government or markets.

If you had any doubts that Joe Biden is on his way out, think again. El Gato Malo says the president's "packages are getting smaller" video is a great example of political shrinkflation. The "He gets us" ad that ran during the Super Bowl definitely got people talking. Andrea Widburg warns that it also makes it clear that the left is coming for Christianity. It's tempting to simply roll our eyes at the climate crisis folks who want to reduce carbon emissions to save the planet. Doug Casey says, the carbon hysteria is a huge threat to your personal freedom and financial wellbeing. Did you know that the need to ask for government permission held back advances in communications for decades? Michael Munger says when it comes to innovating, it's better to ask forgiveness than to ask permission. Article of the Day: The Tucker Carlson interview of Russian president Vladimir Putin has sent shockwaves through the media and ruling classes. Thomas Luongo breaks down what everyone is missing about this interview. Sponsors: Life Saving Food  TMCP Nation Iron Sight Brewing Co. Quilt & Sew

In the original version of a now classic thought experiment, five people are about to be killed by a runaway trolley. Would you divert the trolley knowing that your choice will kill a single innocent bystander? Listen as Michael Munger of Duke University argues that Adam Smith gave an answer to this challenge a few hundred years before it was proposed by the philosopher Philippa Foot and brought vividly to life in the miniseries, The Good Place. Along the way, Munger and EconTalk's Russ Roberts discuss effective altruism, the moral claims of Peter Singer, what the trolley problem really tells us, if anything, and how our moral choices differ according to context.

https://youtu.be/ef-EDYwNbKk Every flaw that people point out in consumer choice is present, but much worse, in political choice! - Asymmetric information about quality (where producers have more knowledge about the product than consumers)? Check. Consumers can look at ratings or Consumer Reports to learn about product quality. But it's very difficult to know when a politician is lying (unless you buy the old line that it's when her lips are moving). - Monopoly? Check. Yes, the cable company is pretty bad. But the state is the very definition of monopoly. Your only escape is to move… to some other monopoly. There is never competition, and the bureaucrats down at the Department of Motor Vehicles know that. That's why they treat you so badly. - Seductive and misleading advertising? Check. Maybe I do buy those new Nike kicks because they promise to make me like Mike, and maybe that Twix bar by the checkout counter is too tempting to resist. But at least I like Twix! Politicians “place” themselves in ads all over the place, like photo bombers from hell, and how often do we really get what we're promised? - Seduced by free stuff? Check. Ariely notes, rightly, that people will often (irrationally) choose the free alternative, and will fail to understand the other costs of free stuff, like waiting in line or filling out paperwork. Frankly, that sounds to me like a pretty good description of government programs ranging from our new healthcare system (“It's all free!”) to recycling programs, which conserve on everything except time, which is the one resource that is truly non-renewable. I've seen people waste 10 minutes and 50 cents worth of gas to recycle two plastic soft drink bottles and a cardboard box worth a total of a nickel. But since recycling gives us free resources, it must be worth it! - Michael Munger, Every Flaw in Consumers is Worse in Voters: Markets Aren't Perfect, But Politics is Worse Watch on BitChute

Thank you for watching this week's episode of the "Let People Prosper" podcast. Today, I'm honored to be joined by Dr. Michael Munger, director of the interdisciplinary politics, philosophy, and economics program at Duke University and professor of political science, prolific author having published 200 articles and papers and seven books, and former president of the Public Choice Society. We discuss: 1) How transaction costs, including regulations and political corruption, prolong poverty and prevent prosperity and the role of economic freedom in human flourishing; 2) Whether capitalism can work within America's republic and the ways in which it's currently failing because of too much government; and 3) Why cutting taxes without cutting spending is futile and the need for de-regulation, especially in regards to housing. Check out Dr. Munger's podcast, "The Answer is Transaction Costs" https://podcasts.apple.com/us/podcast/the-answer-is-transaction-costs/id1687215430 If you enjoyed the show, please consider rating it 5 stars, leaving a review, and sharing it on social media. For show notes, thoughtful insights, media interviews, speeches, blog posts, research, and more, check out my website (https://www.vanceginn.com/) and please subscribe to my newsletter on Substack (https://vanceginn.substack.com).

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) Michael Munger, "To the Consumer, All Costs are Transaction Costs." AIER. 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

Civilization and the pleasantness of everyday life depend on unwritten rules. Early in the 20th century, an English mathematician and government official, Lord Moulton, described complying with these rules as "obedience to the unenforceable"--the area of personal choice that falls between illegal acts and complete freedom. Listen as economist Michael Munger talks with EconTalk's Russ Roberts about the power and challenge of the unenforceable.

Episode 6 takes up the question of "matching," and the transaction costs of dating and marriage.  Some resources:  Ashley Madison:  "Is It Real?"Garrison Keillor, "We are Still Married"Michael Munger, on "Calculation" and socialist economics, at AIER Michael Munger and Russ Roberts, on "Econtalk: WIld Problems"  Tyler Cowen and Russ Roberts, on "Making Your Own Economy"Intellectual Property and the Problem of the Anti-CommonsBackground on search cost and optimal stopping:Secretary Problem ISecretary Problem IIIf 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

Does Starbucks have surge pricing?What is a Mancgere?Should the Stomach go to the Wheat, or should the Wheat come to the Stomach?Plus, the TWEJ!Some things discussed this week:Michael Munger, "Market Makers or Parasites" https://www.econlib.org/library/Columns/y2009/Mungermiddlemen.htmlFrederic Bastiat, WHAT IS SEEN AND UNSEEN. https://www.econlib.org/book-chapters/chapter-chapter-1-what-is-seen-and-what-is-not-seen/Frederic Bastiat, "The Negative Railroad." https://www.libertarianism.org/publications/essays/negative-railroadDavid Friedman, HIDDEN ORDER.   http://ndl.ethernet.edu.et/bitstream/123456789/2041/1/47.pdf.pdf 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

Historically, the library has been an essential tool for transmitting culture to up and coming generations. Brian Almon has a fascinating take on how the library has become a cultural battlefield. When it comes to history, we are not just passengers along for the ride, we can be active participants. J.B. Shurk says, stay faithful because history starts today. Success stories come in many different forms. Annie Holmquist shares the story of a couple whose childhood history project has become a very successful family business. Anyone who stands up for limited government is likely to be accused of being a hypocrite for benefiting from the "blessings" of the political class. Michael Munger has a solid way to address the accusation that, "You use the roads, don't you?" Sponsors: Monticello College Life Saving Food  Bereli TMCP Nation Climbing Upward

Historically, the library has been an essential tool for transmitting culture to up and coming generations. Brian Almon has a fascinating take on how the library has become a cultural battlefield. When it comes to history, we are not just passengers along for the ride, we can be active participants. J.B. Shurk says, stay faithful because history starts today. Success stories come in many different forms. Annie Holmquist shares the story of a couple whose childhood history project has become a very successful family business. Anyone who stands up for limited government is likely to be accused of being a hypocrite for benefiting from the "blessings" of the political class. Michael Munger has a solid way to address the accusation that, "You use the roads, don't you?" Sponsors: Monticello College Life Saving Food  Bereli TMCP Nation Climbing Upward --- Support this podcast: https://podcasters.spotify.com/pod/show/loving-liberty/support

This episode of the Popperian Podcast features an interview that Jed Lea-Henry conducted with Michael Munger. They speak about James Buchanan and Gordon Tullock‘s book The Calculus of Consent: Logical Foundations of Constitutional Democracy, and how it is that rational individuals agree to be coerced by consenting to the rules which define their political system. Michael Munger is a professor of economics and political science, and former department chair of political science, at Duke University. His research interests include the study of ideology, legislative institutions, elections, and public policy, especially campaign finance. Michael received his PhD in economics from Washington University in St. Louis in 1984, and authored, co-authored and coedited multiple books. These can be found, along with Michael's other works, at: Michael C. Munger - Professor at Duke University (michaelmunger.com) *** Special Interest Groups - Public Choice Theory - Michael Munger Special Interest Groups - Public Choice Theory - Michael Munger - YouTube *** The Calculus of Consent: Logical Foundations of Constitutional Democracy Amazon.com: The Calculus of Consent: Logical Foundations of Constitutional Democracy (The Collected Works of James M. Buchanan): 9780865972186: Buchanan, James M., Tullock, Gordon: Books   Support via Patreon – https://www.patreon.com/jedleahenry Support via PayPal – https://www.paypal.me/jrleahenry Shop – https://shop.spreadshirt.com.au/JLH-shop/ Support via Bitcoin - 31wQMYixAJ7Tisp773cSvpUuzr2rmRhjaW Website – The Popperian Podcast — Jed Lea-Henry Libsyn – The Popperian Podcast (libsyn.com) Youtube – The Popperian Podcast - YouTube Twitter – https://twitter.com/jedleahenry RSS - https://popperian-podcast.libsyn.com/rss *** Underlying artwork by Arturo Espinosa

Is the perfect really the enemy of the good? Or is it the other way around? In 2008, Duke University economist Michael Munger ran for governor and proposed increasing school choice through vouchers for the state's poorest counties. But some lovers of liberty argued that it's better to fight for eliminating public schools instead of trying to improve them. Munger realized his fellow free-marketers come in two flavors: directionalists--who take our political realities as given and try to move outcomes closer to the ideal--and destinationists--who want no compromises with what they see as the perfect outcome. Listen as Munger talks to EconTalk's Russ Roberts about two different strategies for achieving political goals. Along the way, they discuss rent control, the minimum wage, and why free-market policies are so rare.

The Rational Egoist - Examining Unicorn Governance and the Messiah Complex In this episode of The Rational Egoist, host Michael Liebowitz interviews Michael Munger, an economist and professor at Duke University, on the topic of unicorn governance and the messiah complex. Munger discusses his article on the conceptions that people have about what the economy should look like, and how this often leads to people on the left wanting an ideal government with benevolent motives. However, this model does not work, and blaming capitalism and greedy landlords only serves to avoid fixing the real problem with government. The conversation also delves into the concept of the messiah complex, where people blame the current government for not working and vote for someone else in the hope that they will be better. Munger highlights the importance of trusting free markets and self-interest, and how this has worked better than advocating for government responsibility. Tune in to this thought-provoking episode to gain insights into the complexities of human decision-making and the flaws of government-led collective efforts.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Why did the lockdowns feel so much like martial law? The Brownstone institute has been connecting the dots and the answer is that the government's national security arm led the covid response. These agencies are supposed to respond to terrorism and wars, not public health crises. The culture warriors are busy trying to replace the word "equality" with the word "equity." But these words are far from interchangeable. Lawrence W. Reed has a great essay on when equality becomes evil. One of the biggest civics challenges we face is that political officials rarely have the humility to admit they don't know something. Michael Munger explains why what ain't so can hurt you. Edward Curtain has been swinging for the fences lately and he connects big time in his latest essay. Curtain's take on self-destructive social habits, loneliness and propaganda is a home-run. The pleas for amnesty and forgiveness from the folks who pushed covid policies have prompted some amazing responses. The Bionic Mosquito has a dandy titled "Let's first see if they drown." Sponsors: HSL Ammo Monticello College Life Saving Food  Garage Door Pros

Why did the lockdowns feel so much like martial law? The Brownstone institute has been connecting the dots and the answer is that the government's national security arm led the covid response. These agencies are supposed to respond to terrorism and wars, not public health crises. The culture warriors are busy trying to replace the word "equality" with the word "equity." But these words are far from interchangeable. Lawrence W. Reed has a great essay on when equality becomes evil. One of the biggest civics challenges we face is that political officials rarely have the humility to admit they don't know something. Michael Munger explains why what ain't so can hurt you. Edward Curtain has been swinging for the fences lately and he connects big time in his latest essay. Curtain's take on self-destructive social habits, loneliness and propaganda is a home-run. The pleas for amnesty and forgiveness from the folks who pushed covid policies have prompted some amazing responses. The Bionic Mosquito has a dandy titled "Let's first see if they drown." Sponsors: HSL Ammo Monticello College Life Saving Food Garage Door Pros --- Support this podcast: https://anchor.fm/loving-liberty/support

Economist and political scientist Michael Munger of Duke University talks about industrial policy with EconTalk host Russ Roberts. Munger argues that in a democracy, the default outcome for industrial policy is crony capitalism--attempts to improve on that outcome either by appointing experts or eliminating cronyism are going to fail for political reasons. The conversation concludes with a discussion of the reliability of Munger's claim and what options are left for dissatisfied reformers.

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Waze and Google Maps tell us the best way to get to where we're going. But no app or algorithm can tell us whether we should head there in the first place. To economist Russ Roberts, the reason is simple: Humans are dynamic and aspirational beings. When it comes to making life's big decisions, from what to study to whom to marry or whether to have a child, it's not always us doing the deciding, he argues, but rather the people we want to be. Join the host of EconTalk, the president of Shalem College, and the author of the new book Wild Problems: A Guide to the Decisions that Define Us, as he speaks with friend and EconTalk favorite Michael Munger about why the traditional economic models for decision making can lead us astray--and why life should be less about solving problems than embracing possibilities.

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Duke UP, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs. Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.  Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Duke UP, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs. Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.  Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Duke UP, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs. Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.  Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs. Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.  Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Transactions have always taken place. For hundreds of years that 'place' was a market or, more recently, a shopping mall. But in the past two decades these physical locations have increasingly been replaced by their virtual counterparts - online platforms. In this book Michael Munger explains how these platforms act as matchmakers or middlemen, a role traders have adopted since the very first exchanges thousands of years ago. The difference today is that the matchmakers often play no direct part in buying or selling anything - they just help buyers and sellers find each other. Their major contribution has been to reduce the costs of organizing and completing purchases, rentals or exchanges. The Sharing Economy: Its Pitfalls and Promises (Duke UP, 2021) contends that the key role of online platforms is to create reductions in transaction costs and it highlights the importance of three 'Ts' - triangulation, transfer and trust - in bringing down those costs. Professor Munger trained as an economist at Washington University in St. Louis under Nobel Prize-winning economic historian Douglass North. He has published prolifically across disciplines in the areas of political economy and public choice, and is now a professor of political science at Duke University, with secondary appointments in economics and public policy.  Professor Munger is also an avowed libertarian, and has stood for office as a candidate of the Libertarian Party. In our interview, he explains how the emergence of the platform economy creates concentrations of economic power that are just as concerning to him as concentrations of political power.  He also explains how thinking through the many changes and disruptions in our working lives that will result from the platform economy has led him to the view that Universal Basic Income and single-payer healthcare are necessary to creating the kind of free and prosperous society that he and other libertarians want. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new Master's program in Applied Economics that trains students in the skills of data analytics needed to understand, succeed in, or make positive changes to the evolving digital platform economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society

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Are tech giants such as Google, Amazon, or Facebook dangerous? Do they have too much power? Dive into the murky waters of antitrust as Michael Munger of Duke University talks with EconTalk host Russ Roberts about monopoly, antitrust policy, and competition in the 21st century.

“I would claim that the growth of platforms that allow peer-to-peer cooperation, and foster the low-cost commodification of excess capacity, are likely to change our relations to work, to ownership, and to each other.” ~ Michael Munger

The team in charge of the Federal Trade Commission appear to have very different ideas about what should guide the agency's actions. Duke economist Michael Munger discusses why the "consumer welfare" standard for antitrust action is on the ropes and what it means for a free economy. See acast.com/privacy for privacy and opt-out information.

  The battle over free speech is getting a lot more real than most people think. As the Gateway Pundit reports, DHS is taking much harder look at anyone who doubts the 2020 election results or Dr. Fauci's ever-changing rules. Ready for some possible good news? Check out this essay by Robert Gore on how the linchpin of history is innovation, not government and rulers. The kickoff of war in Ukraine has pushed the American freedom convoy right off the front pages of the news media. Sarabeth Matilsky has a brilliant and compelling explanation of what the truckers want. If you haven't picked up and read a copy of "1984" in a while, you might want to do so soon. Matt Taibbi says, you'll quickly realize that Orwell was right--we've become the doublethinkers he predicted. Looking at the stratospheric prices of housing these days, it's easy to get discouraged. Michael Munger sheds some light on the issue and notes that all housing is affordable housing. Sponsors: HSL Ammo Sewing & Quilting Center Monticello College Life Saving Food  The Heather Turner Team at Patriot Home Mortgage Govern Your Crypto

The shift that's taking place is tough to miss. If you're trying to get your bearings on just what's happening, check out Jeffrey A. Tucker's take on how 70 years of progress came to an end. Two years of Covid tyranny are being swept under the rug while the world's attention is on war in Europe. Jordan Schachtel describes how big tech is erasing the history of what was done to us. We're all facing a surreal amount of psychological manipulation right now. Here's a fascinating take from The Good Citizen on how some of that manipulation is brought to you by the colors blue & yellow. The battle over free speech is getting a lot more real than most people think. As the Gateway Pundit reports, DHS is taking much harder look at anyone who doubts the 2020 election results or Dr. Fauci's ever-changing rules. Ready for some possible good news? Check out this essay by Robert Gore on how the linchpin of history is innovation, not government and rulers. The kickoff of war in Ukraine has pushed the American freedom convoy right off the front pages of the news media. Sarabeth Matilsky has a brilliant and compelling explanation of what the truckers want. If you haven't picked up and read a copy of "1984" in a while, you might want to do so soon. Matt Taibbi says, you'll quickly realize that Orwell was right--we've become the doublethinkers he predicted. Looking at the stratospheric prices of housing these days, it's easy to get discouraged. Michael Munger sheds some light on the issue and notes that all housing is affordable housing. www.thebryanhydeshow.com --- Support this podcast: https://anchor.fm/loving-liberty/support

Your home is full of technological miracles, devices that your ancestors would have regarded as near magic because of the life of relative ease they provide us with. However, something is changing. In the past, we got richer by owning more stuff; but in the future, we will have more by owning less. In this final episode of Building Tomorrow, Paul talks with Cory Doctorow, Michael Munger, Ruth Cowan, and Chelsea Follett about the past, present, and future of material possession. See acast.com/privacy for privacy and opt-out information.

We are honored to welcome back, for the third time, economist Michael Munger. He's the author of many great books, including Tomorrow 3.0; Is Capitalism Sustainable?; and The Sharing Economy. Join Ed and Ron for what will surely be an enlightening and fun conversation with one of our favorite guests.

We are honored to welcome back, for the third time, economist Michael Munger. He's the author of many great books, including Tomorrow 3.0; Is Capitalism Sustainable?; and The Sharing Economy. Join Ed and Ron for what will surely be an enlightening and fun conversation with one of our favorite guests.

Doug and Mike talk about the current dynamics of capitalism in reference to his book: 'Is capitalism sustainable?' The core conflict Doug and Mike discuss is the fundamental conflict between public policy and private enterprise whereby there is an adverse incentive for business leaders to take advantage of government programs that are not broadly beneficial, but produce narrow benefits. The core conflict is that if these managers do not participate, their board of directors have every incentive to replace them with other managers who will. Doug's business specializes in partnering with companies and non-profits to create value and capture cost savings without layoffs to fund growth and strengthen financial results.  You can find out more at http://www.terminalvalue.biz ( www.TerminalValue.biz) You can find the audio podcast feed athttp://www.terminalvaluepodcast.com ( www.TerminalValuePodcast.com) You can find the video podcast feed athttp://www.youtube.com/channel/UCV5a4QbT-dXhpgb-8HJHdGg ( www.youtube.com/channel/UCV5a4QbT-dXhpgb-8HJHdGg) Schedule time with Doug to talk about your business athttp://www.meetdoug.biz ( www.MeetDoug.Biz) [Music] [Introduction] Welcome to the terminal value Podcast where each episode provides in depth insight about the long term value of companies and ideas in our current world. Your host for this podcast is Doug Utberg, the founder and principal consultant for Business of Life, LLC. Doug: Okay Welcome to terminal value podcast. I have Michael Munger on the line here. This is actually a little bit of a moment for me. Because I have actually been a long time listener to the econ talk podcast. Where Mike has been a regular and recurring guests and one of my favorite guests of course. I think one of the first episodes I listened to was with Milton Friedman and well you know it's hard to compete with Milton Friedman. But Mike here is a world-class okie dokie guy and he has written actually a number of books. But the one that I wanted to talk about today just as a part of the conversation is his book is capitalism sustainable. Because I'd like to talk about really what the future of capitalism looks like. And Mike I'd love to get your thoughts or just kind of tee up the conversation. But just what I'm seeing is that you know I think what people call capitalism really isn't capitalism. People think of capitalism as what we have in America and that is not the furthest thing from capitalism because you know for a work trip recently, I went to China and Shanghai. Let me tell you that is very far from what we have in America. But still it's what we have now is very not a free market. There are any number of things that are very tightly controlled and not allowed to freely float, largely just because of people's political fears. And so  what I would love to get your input on is how does this project forward into the future? And is there a way that we can get to that vision of greater prosperity and opportunity for everybody. That capitalism pretends but has a very hard time delivering on due to the externalities and inevitable inequalities. So I've talked enough, please share your thoughts. Michael: We make a distinction to begin with between markets and capitalism. So markets is a system of allocation and production that uses prices as signals about the relative value of resources. And one of the things that's complicated about large societies is that they have to have institutions to reconcile all of the conflicting plans and purposes of individuals. So I think I want to open a restaurant, you think you want to open a factory. We both want the same piece of land to do it, who should get it now? We could have a political process and vote on it, we could have some bureaucratic process. But in a market system then whoever will pay the most for it, must be about to create the largest value for society. So if I can use it for a restaurant and I expect...

Ron and Ed are thrilled to welcome back to the show Michael Munger. In his most recent book, “Is Capitalism Sustainable?” he explains the benefits, and in fact the necessity, of capitalism in organizing human cooperation at scale, and urges the consideration of some problems inherent in capitalism.