Why would anyone want to hire a middleman, like a wedding planner, especially if you have time to take care of the planning yourself? Marina Krakovsky, author of The Middleman Economy talks with EconTalk host Russ Roberts about middlemen in the modern economy. Despite predictions that the internet would destroy the need for middlemen, Krakovsky argues they're more valuable than ever though their roles have changed. Krakovsky looks at the different roles middlemen play today and how their value added can justify their existence.
Marina Krakovsky on the Middleman Economy
Mon, 21 Mar 2016 06:30:00 EST
Copyright 2006-2015 Library of Economics and Liberty & Liberty Fund, Inc.
Type of Learning Material: