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Bees, Oranges, and Externalities: The Answer is Transaction Costs

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Bees and Valencia oranges from my family's farm in rural central Florida provide a snapshot of externalities and transaction costs. A…

1 year, 8 months ago

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Parking Lots, Transaction Costs of the Price Mechanism, and the Pork Pie Fedora Rogue

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Two seemingly similar parking lots at Wrightsville Beach, North Carolina, couldn't be more different in the emergent behaviors they f…

1 year, 8 months ago

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

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The method of much of social science is "comparative statics." There's an amazing natura experiment going on, after Hurricane Maria c…

1 year, 8 months ago

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Baseball, Dollar Dogs, Apple Pie and Transaction Costs

Season 2 Episode 4

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Why would a baseball stadium limit the number of $1 hot dogs per customer on Dollar Hot Dog Night? Find out as we work on this intrig…

1 year, 8 months ago

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Dam Shame: It's not easy being government

Season 2 Episode 3

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I have been interested lately in a paper Bill Keech and I were working on a decade ago,

It was called "The Anatomy of Government Fail…

1 year, 9 months ago

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Corner Crossing Conundrum: Trespassing, Airspace, and Property Rights

Season 2 Episode 2

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What if crossing a mere corner of private land could land you in legal hot water? This episode tackles the thorny issue of corner cro…

1 year, 9 months ago

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The Riddle is Transaction Costs: That's What the Money is For!

Season 2 Episode 1

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Can a single $100 bill solve an entire town's debt crisis? This riddle is a window into transaction costs. I rely on Jeffrey Rogers H…

1 year, 9 months ago

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From Commons to Coase and Beyond, With Steven Medema

Season 1 Episode 27

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What if understanding the hidden costs in every transaction could revolutionize how we see economics?  Stephen Medema of Duke Univers…

1 year, 9 months ago

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Desert Town Dilemmas and the Problem of Property Rights

Season 1 Episode 26

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 We embark on a journey through the lenses of Hume, Smith, and Coase, piecing together the roles of observation and empirical study i…

1 year, 10 months ago

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Caldwell: Hayek's Intellectual Journey

Season 1 Episode 24

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Come along on a journey through the corridors of economic history and methodology with our esteemed guest, Bruce Caldwell from the Ce…

1 year, 11 months ago

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