We’re back on a weekly schedule at EconTalk. This week is Mike Munger talking about price gouging—his personal experience of the aftermath of a North Carolina hurricane and how people reacted to market prices for ice when the electricity went out. We get into a variety of issues—including the market for vaccines and the motives behind those who charge market-clearing prices. The conversation may be of particular interest to students taking microeconomics or teachers teaching microeconomics. But normal people should find it interesting as well. The conversation is based on his essay for Econlib on the same experience.
Munger on gouging
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