Send us a text Ever wondered why firms exist in a market-driven economy? This month's episode promises to unravel this question by diving deep into Ronald Coase's seminal 1937 paper, "The Nature of the Firm." Join me, Mike Munger, as I reflect on our first 16 months of podcasting and share the insights and wisdom that have shaped our journey. You'll gain a thorough understanding of how transaction costs influence economic behaviors and organizational structures, with fascinating examples from Richard Langlois' analysis of the American Midwest's agricultural sector before the railroad era. Ronald Harry Coase, The Nature of the Firm (1937) Michael Munger, Why Bosses Don't Wear Bunny Slippers If you have questions or comments, or want to suggest a future topic, email the show at
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