The Answer Is Transaction Costs

The Red Dots Three, Parsley, and Counting Sheep


Listen Later

Send us a text

The listener letter last week asked about the the three "red dots" that are used to identify liquor stores in South Carolina.
Turns out that this kind of "shibboleth" is a way of identifying and discriminating, in ways that can be useful, or harmful.

Red Dots in South Carolina:

  • The Robert Moss (SOUTHERN SPIRITS) version
  • South Carolina Encyclopedia (from Moore, John H. “Solving the Red Dot Mystery.” Sandlapper,  spring 2000: 32–34.)

Shibboleth

  • Gileadites and Ephraimites
  • Background on the conflict
  • Naked mole rats use shibboleths (thanks to Robert Lawson, who knows him some mole rats)

The Stone Signposts of Pompeii

World Series as Shibboleth  (Robert T. Gravlin, 23rd Armored Engineer Battalion)

Appropriate Measures of Inflation

ERRATUM: MJ writes to point out that if the economist could really count, he would have miscounted the number of sheep, adding one, because he counted the dog. That's fine. But then why did the shepherd agree that the number of sheep was correct? It should have been one over. It's okay that TWEJ's are not funny, that comes with the territory. But in this case there is a logical problem. My mistake, and thanks, MJ!

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

973 Listeners

EconTalk by Russ Roberts

EconTalk

4,263 Listeners

Conversations with Tyler by Mercatus Center at George Mason University

Conversations with Tyler

2,451 Listeners

Law Talk With Epstein, Yoo & Cooke by The Civitas Institute at the University of Texas at Austin

Law Talk With Epstein, Yoo & Cooke

703 Listeners

GLoP Culture by Ricochet

GLoP Culture

1,831 Listeners

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

Macro Musings with David Beckworth

378 Listeners

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

The Libertarian

987 Listeners

The Commentary Magazine Podcast by Commentary Magazine

The Commentary Magazine Podcast

5,175 Listeners

The Remnant with Jonah Goldberg by The Dispatch

The Remnant with Jonah Goldberg

6,590 Listeners

Uncommon Knowledge by Hoover Institution

Uncommon Knowledge

2,006 Listeners

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

The Reason Interview With Nick Gillespie

740 Listeners

GoodFellows: Conversations from the Hoover Institution by Hoover Institution

GoodFellows: Conversations from the Hoover Institution

692 Listeners

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

"Econ 102" with Noah Smith and Erik Torenberg

151 Listeners

Complex Systems with Patrick McKenzie (patio11) by Patrick McKenzie

Complex Systems with Patrick McKenzie (patio11)

134 Listeners

The Marginal Revolution Podcast by Mercatus Center at George Mason University

The Marginal Revolution Podcast

95 Listeners