AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Dam Shame: It's not easy being government
The Answer Is Transaction Costs
Intro
This chapter delves into market and government failures, emphasizing the role of transaction costs. It discusses public choice theory and critiques standard comparisons between market outcomes and ideal centralized authority, highlighting the complexities of governance.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode