Hal Varian on Taking the Academic Approach to Business (Ep. 69)

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Mercatus Center
Jun 19 · 39 min read

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When I started out at the University of Michigan and wanted to furnish my first house, I would go to auctions. One of the rules of thumb that I developed was, you never go to the auction that has the best stuff because everybody’s there. You go to the auction that’s sort of second best because then you have a better chance of beating the dealer.

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A podcast in which esteemed economist Tyler Cowen engages with today's most underrated thinkers in wide-ranging explorations of their work, the world, and everything in between.

Mercatus Center

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The Mercatus Center at George Mason University is the world’s premier university source for market-oriented ideas.

Conversations with Tyler

A podcast in which esteemed economist Tyler Cowen engages with today's most underrated thinkers in wide-ranging explorations of their work, the world, and everything in between.