Episode
- Munger on Middlemen
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- Mike Munger of Duke University talks with EconTalk host Russ Roberts about the often-vilified middleman--someone who buys cheap, sells dear and does nothing to improve the product. Munger explains the economic function of arbitrage using a classic article about how prices emerged in a POW camp during World War II. Munger then applies the analysis to the financial crisis.
Avg. Rating (0 Votes)Channel: EconTalk
Size: 33.2 MB
Duration: 1:12:35
Publication Date: 74 days ago
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