<description>In this 750th (!) episode, Duke University's Michael Munger talks with EconTalk host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. Munger is Professor of Political Science, Economics and Public Policy at Duke. He believes "top" schools can emerge from the current period of uncertainty to thrive in the long run. The path for "second-tier" institutions could be more difficult. They will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.</description>

Michael Munger talks with host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. He believes top schools can emerge from the uncertainty to thrive. Second-tier institutions will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.

In this 750th (!) episode, Duke University's Michael Munger talks with EconTalk host Russ Roberts about whether the pandemic might create an opportunity for colleges and universities to experiment and innovate. Munger is Professor of Political Science, Economics and Public Policy at Duke. He believes "top" schools can emerge from the current period of uncertainty to thrive in the long run. The path for "second-tier" institutions could be more difficult. They will still face the challenges that existed before the pandemic: competition from online classes and a shrinking pool of new applicants ready to pay high tuition bills.

Michael Munger on the Future of Higher Education

<description>Michael Munger of Duke University talks with EconTalk host Russ Roberts about whether real capitalism is unstable and leads inevitably to crony capitalism. They also discuss ways to prevent the descent into cronyism and speculate on their own blind spots.</description>

Michael Munger talks with host Russ Roberts about whether real capitalism is unstable and leads inevitably to crony capitalism. They also discuss ways to prevent the descent into cronyism and speculate on their own blind spots.

Michael Munger of Duke University talks with EconTalk host Russ Roberts about whether real capitalism is unstable and leads inevitably to crony capitalism. They also discuss ways to prevent the descent into cronyism and speculate on their own blind spots.

Michael Munger on Crony Capitalism

<description>Economist and author Michael Munger of Duke University talks about his book, Tomorrow 3.0, with EconTalk host Russ Roberts. Munger analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.</description>

Michael Munger talks about his book, Tomorrow 3.0, with host Russ Roberts. He analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.

Economist and author Michael Munger of Duke University talks about his book, Tomorrow 3.0, with EconTalk host Russ Roberts. Munger analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.

Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0

<description>Does rush-hour traffic drive you crazy? Is a congestion tax on car travel a good idea? Michael Munger of Duke University talks with EconTalk host Russ Roberts about the economics of traffic and congestion taxes. It takes a while to get there (how appropriate!) but they eventually agree that a tax on congestion while reducing travel time is harmful to many drivers and may be best thought of as any tax placed on a particular good--a way to raise government revenue from the pockets of the consumers of that good.</description>

Michael Munger talks with host Russ Roberts about the economics of traffic and congestion taxes. It takes a while to get there but they eventually agree that a tax on congestion while reducing travel time is harmful to many drivers and may be best thought of as any tax--a way to raise government revenue from the pockets of the consumers of that good.

Does rush-hour traffic drive you crazy? Is a congestion tax on car travel a good idea? Michael Munger of Duke University talks with EconTalk host Russ Roberts about the economics of traffic and congestion taxes. It takes a while to get there (how appropriate!) but they eventually agree that a tax on congestion while reducing travel time is harmful to many drivers and may be best thought of as any tax placed on a particular good--a way to raise government revenue from the pockets of the consumers of that good.

Michael Munger on Traffic

<description>Michael Munger of Duke University talks with EconTalk host Russ Roberts about permissionless innovation. Munger argues that the ability to innovate without permission is the most important concept of political economy. Munger defends this claim and explores the metaphor of emergent order as a dance, a metaphor coming from the German poet Schiller.</description>

Michael Munger talks with host Russ Roberts about permissionless innovation. He argues that the ability to innovate without permission is the most important concept of political economy, and explores the metaphor of emergent order as a dance, a metaphor coming from the German poet Schiller.

Michael Munger of Duke University talks with EconTalk host Russ Roberts about permissionless innovation. Munger argues that the ability to innovate without permission is the most important concept of political economy. Munger defends this claim and explores the metaphor of emergent order as a dance, a metaphor coming from the German poet Schiller.

Michael Munger on Permissionless Innovation

Michael C. Munger, Director of the interdisciplinary Philosophy, Politics, and Economics (PPE) program at Duke University, appears regularly as a guest on EconTalk, the award-winning economics podcast hosted by Russ Roberts of Stanford University's Hoover Institution. Podcast episodes featuring Mike Munger are listed here. EconTalk has been taking the Monday out of Mondays since 2006.  All 750+ episodes are available in the archive. Go to EconTalk.org for transcripts, related resources, and comments.

Michael Munger on EconTalk

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