The Answer Is Transaction Costs

Monkey See, Monkey App! And IP Walks Into a Bar....


Listen Later

Send us a text

The method of much of social science is "comparative statics." There's an amazing natura experiment going on, after Hurricane Maria changed the environment for the rhesus macaques of Cayo Santiago. Sometimes, you need a simulation to understand something is only obvious after the fact. These primates, known for their fierce competition and rigid hierarchies, expanded their social networks and reduced aggression to endure the island's new, harsh environment.

Plus, a politically incorrect TWEJ, and an interesting letter. 


  • NYT Cayo Santiago story
  • A short piece on "anti-market atavisms" and Hayek's insights.
  • Why you can't get a reservation at a restaurant...
  • News story about "Monkey App"
  • Book'o'da week: Peter Boettke, Erwin Dekker, and Chad Van Schoelandt, editors, Toward a Hayekian Theory of Social Change. https://rowman.com/ISBN/9781666937138/Toward-a-Hayekian-Theory-of-Social-Change
If you have questions or comments, or want to suggest a future topic, email the show at [email protected] !


You can follow Mike Munger on Twitter at @mungowitz


...more
View all episodesView all episodes
Download on the App Store

The Answer Is Transaction CostsBy Michael Munger

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

58 ratings


More shows like The Answer Is Transaction Costs

View all
Cato Podcast by Cato Institute

Cato Podcast

969 Listeners

EconTalk by Russ Roberts

EconTalk

4,290 Listeners

Conversations with Tyler by Mercatus Center at George Mason University

Conversations with Tyler

2,469 Listeners

The Glenn Show by Glenn Loury

The Glenn Show

2,280 Listeners

Macro Musings with David Beckworth by Mercatus Center at George Mason University

Macro Musings with David Beckworth

385 Listeners

The Reason Roundtable by The Reason Roundtable

The Reason Roundtable

1,515 Listeners

The Libertarian by The Civitas Institute at the University of Texas at Austin

The Libertarian

983 Listeners

The Good Fight by Yascha Mounk

The Good Fight

905 Listeners

The Remnant with Jonah Goldberg by The Dispatch

The Remnant with Jonah Goldberg

6,613 Listeners

Capitalisn't by University of Chicago Podcast Network

Capitalisn't

556 Listeners

The Reason Interview With Nick Gillespie by The Reason Interview With Nick Gillespie

The Reason Interview With Nick Gillespie

736 Listeners

GoodFellows: Conversations on Economics, History & Geopolitics by Hoover Institution

GoodFellows: Conversations on Economics, History & Geopolitics

703 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

540 Listeners

"Econ 102" with Noah Smith and Erik Torenberg by Turpentine

"Econ 102" with Noah Smith and Erik Torenberg

155 Listeners

The Marginal Revolution Podcast by Mercatus Center at George Mason University

The Marginal Revolution Podcast

91 Listeners