Mike Munger on Middlemen 10/27/2008
Автор: EconTalk
Загружено: 2019-08-28
Просмотров: 158
Описание: 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.
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