Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
EconTalk
00:00
The Price of Wisdom
There are 110 million power drills in the U.S., but there's a bunch of idiots like me that have four. The question is, why is it that we own so many things? And I claim that it's at least possible to think of an alternative where instead of owning it, I share it and I share it in a particular kind of way that economists call renting.
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