The Verger and the Padre
Michael and Russ discuss the role of a middleman, using the analogy of a verger and a padre. They explore how the padre's slice of profit is justified by the value he brings to both parties involved in the transaction. However, they also consider the potential drawbacks of relying on a middleman and the benefits of direct exchange between the two parties.In this clip
From this podcast

EconTalk
Michael Munger on Profits, Entrepreneurship, and Storytelling
Related Questions