Episode
Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk · Oct 29, 2018 · 1 h 10 min
Economist and author Michael Munger of Duke University talks about his book, Tomorrow 3.0, with EconTalk host Russ Roberts. Munger analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and…