EconTalk

Marina Krakovsky on the Middleman Economy

Mar 21, 2016
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INSIGHT

Middlemen: Parasites or Value Creators?

  • People are often suspicious of middlemen, viewing them as parasites who don't create value.
  • However, middlemen often provide essential services and wouldn't survive if they didn't add value.
INSIGHT

We Are All Middlemen

  • Most people act as middlemen by connecting others within their networks.
  • Anyone facilitating connections and adding value in the process acts as a middleman.
ANECDOTE

Podcasting and Middlemen

  • Russ Roberts gives an example of using middlemen (podcast platform, sponsors) to connect with a larger audience.
  • Krakovsky points out the internet has enabled more people to take on these gatekeeping roles.
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