Munger on Middlemen

Update: 2008-10-27

Description

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.

Comments

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#box-pro-ellipsis-176504928854937{-webkit-line-clamp:2;}Munger on Middlemen

Munger on Middlemen

EconTalk: Russ Roberts

Munger on Middlemen