Marina Krakovsky on the Middleman Economy

Why would anyone want to hire a middleman, like a wedding planner, if you have time to take care of the planning yourself? Marina Krakovsky talks with 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. She looks at the different roles middlemen play today and how their value added can justify their existence.