04 - Exploring Capitalism, Transaction Costs, and the Sharing Economy with Dr. Mike Munger

Curiosity Porn

Co-Hosts Guy and James have a fun Conversation with Dr. Michael Munger. Dr. Munger is the director of the Politics, Philosophy & Economics program at Duke University, the author of multiple books (including "Is Capitalism Sustainable" and "Tomorrow 3.0" which we discuss in this episode), and the host of the podcast "The Answer is Transaction Costs."

We discuss how capitalism tends to deteriorate into cronyism within democratic societies, why it's still better than socialism, why the answer to so many economics problems really is transaction costs, and what a future sharing economy might look like. Along the way we learn about the ugly pig contest, Dr. Munger's commitment to brushing his teeth, and why Dr. Munger thinks "rules matter more than they should."

Learn more about Dr. Michael Munger here: https://scholars.duke.edu/person/michael.munger and here: http://www.michaelmunger.com/

Check out "The Answer is Transaction Costs" podcast here: https://podcasts.apple.com/gb/podcast/the-answer-is-transaction-costs/id1687215430

Learn more about Dr. Guy Crain here: https://www.rose.edu/staff/humanities-department/crain-guy/

Learn more about Prof. James Davenport here: https://www.rose.edu/staff/social-sciences-department/davenport-james/

If you have suggestions for guests, comments on this episode or questions you'd like to ask, you can email us at [email protected].

Although Guy and James are both professors at Rose State College, the views expressed on this podcast are the views of Guy and James and their guests and do not reflect the views of Rose State College, its administration, faculty, or students.