Shows
Freakonomics Radio634. “Fault-Finder Is a Minimum-Wage Job”Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed’s independence is non-negotiable, and why tariffs could bring the economy back to the Covid era. SOURCES:Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago. RESOURCES:"Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," by Austan Goolsbee and Peter Klenow (American Economic Association Papers and Proceedings, 2018).Microeconomics, by Austan Goolsbee, Steven Levitt, and Chad Syverson (2012)."Does the Internet Make Mark...2025-05-301h 02
Freakonomics RadioHow to Succeed at Failing, Part 3: Grit vs. Quit (Update)Giving up can be painful. That's why we need to talk about it. Today: stories about glitchy apps, leaky paint cans, broken sculptures — and a quest for the perfect bowl of ramen. (Part three of a four-part series.) SOURCES:John Boykin, website designer and failed paint can re-inventor.Angela Duckworth, host of No Stupid Questions, co-founder of Character Lab, and professor of psychology at the University of Pennsylvania.Amy Edmondson, professor of leadership management at Harvard Business School.Helen Fisher, former senior research fellow at The Kinsey Institute and former chief science advisor to Match.com.Eri...2025-05-161h 03
Freakonomics RadioHow to Succeed at Failing, Part 2: Life and Death (Update)In medicine, failure can be catastrophic. It can also produce discoveries that save millions of lives. Tales from the front line, the lab, and the I.T. department. (Part two of a four-part series.) SOURCES:Amy Edmondson, professor of leadership management at Harvard Business School.Carole Hemmelgarn, co-founder of Patients for Patient Safety U.S. and director of the Clinical Quality, Safety & Leadership Master’s program at Georgetown University.Gary Klein, cognitive psychologist and pioneer in the field of naturalistic decision making.Robert Langer, institute professor and head of the Langer Lab at the Massachusetts Institute of...2025-05-1453 min
Freakonomics RadioHow to Succeed at Failing, Part 1: The Chain of Events (Update)We tend to think of tragedies as a single terrible moment, rather than the result of multiple bad decisions. Can this pattern be reversed? We try — with stories about wildfires, school shootings, and love. (Part one of a four-part series.) SOURCES:Amy Edmondson, professor of leadership management at Harvard Business School.Helen Fisher, former senior research fellow at The Kinsey Institute and former chief science advisor to Match.com.Ed Galea, founding director of the Fire Safety Engineering Group at the University of Greenwich.Gary Klein, cognitive psychologist and pioneer in the field of naturalistic decision mak...2025-05-0955 minFreakonomics Radio627. Sludge, Part 1: The World Is Drowning in ItInsurance forms that make no sense. Subscriptions that can’t be cancelled. A never-ending blizzard of automated notifications. Where does all this sludge come from — and how much is it costing us? (Part one of a two-part series.) SOURCES:Benjamin Handel, professor of economics at UC Berkeley.Neale Mahoney, professor of economics at Stanford University.Richard Thaler, professor of economics at The University of Chicago. RESOURCES:"Selling Subscriptions," by Liran Einav, Ben Klopack, and Neale Mahoney (Stanford University, 2023)."The ‘Enshittification’ of TikTok," by Cory Doctorow (WIRED, 2023)."Dominated Options in Health Insurance Plans," by Chenyuan Liu and Ju...2025-03-2854 minFreakonomics Radio625. The Biden Policy That Trump Hasn’t TouchedLina Khan, the youngest F.T.C. chair in history, reset U.S. antitrust policy by thwarting mega-mergers and other monopolistic behavior. This earned her enemies in some places, and big fans in others — including the Trump administration. Stephen Dubner speaks with Khan about her tactics, her track record, and her future. SOURCES:Lina Khan, former commissioner of the Federal Trade Commission and professor of law at Columbia Law School. RESOURCES:"Merger Guidelines" (U.S. Department of Justice and the Federal Trade Commission, 2023)."The Rise of Market Power and the Macroeconomic Implications," by Jan De L...2025-03-071h 03
Freakonomics RadioWhen Is a Superstar Just Another Employee?In 2023, the N.F.L. players’ union conducted a workplace survey that revealed clogged showers, rats in the locker room — and some insights for those of us who don’t play football. Today we’re updating that episode, with extra commentary from Omnipresent Football Guy (and former Philadelphia Eagle) Jason Kelce. SOURCES:Tom Garfinkel, vice chairman, C.E.O., and president of the Miami Dolphins.Jim Ivler, certified contract advisor for players in the National Football League.Jason Kelce, host of New Heights podcast and former center for the Philadelphia Eagles.Jalen Reeves-Maybin, linebacker for the Detroit Li...2025-02-051h 08Freakonomics RadioCan Academic Fraud Be Stopped? (Update)Probably not — the incentives are too strong. But a few reformers are trying. We check in on their progress, in an update to an episode originally published last year. (Part 2 of 2) SOURCES:Max Bazerman, professor of business administration at Harvard Business School.Leif Nelson, professor of business administration at the University of California, Berkeley Haas School of Business.Brian Nosek, professor of psychology at the University of Virginia and executive director at the Center for Open Science.Ivan Oransky, distinguished journalist-in-residence at New York University, editor-in-chief of The Transmitter, and co-founder of Retraction Watch.Joseph Simmons, pro...2025-01-021h 08Freakonomics Radio615. Is Ozempic as Magical as It Sounds?In a wide-ranging conversation with Ezekiel Emanuel, the policymaking physician and medical gadfly, we discuss the massive effects of GLP-1 drugs like Ozempic, Wegovy, and Mounjaro. We also talk about the state of cancer care, mysteries in the gut microbiome, flaws in the U.S. healthcare system — and what a second Trump term means for healthcare policy. SOURCES:Ezekiel Emanuel, vice provost for Global Initiatives, co-director of the Health Transformation Institute, and professor at the University of Pennsylvania Perelman School of Medicine. RESOURCES:"Obesity Drugs Would Be Covered by Medicare and Medicaid Under Biden Prop...2024-12-1256 minFreakonomics Radio610. Who Wins and Who Loses Once the U.S. Legalizes Weed?Some people want the new cannabis economy to look like the craft-beer movement. Others are hoping to build the Amazon of pot. And one expert would prefer a government-run monopoly. We listen in as they fight it out. (Part four of a four-part series.) SOURCES:Jon Caulkins, professor of operations research and public policy at Carnegie Mellon University.Adam Goers, senior vice president of The Cannabist Company and chairperson of the Coalition for Cannabis Scheduling Reform.Yasmin Hurd, director of the Addiction Institute at Mount Sinai.Jared Polis, governor of Colorado.Ryan Stoa, associate professor of l...2024-11-0743 min
People I (Mostly) AdmireNobel Laureate Daron Acemoglu on Economics, Politics, and Power (Replay)Daron Acemoglu was just awarded the 2024 Nobel Prize in economics. Earlier this year, he and Steve talked about his groundbreaking research on what makes countries succeed or fail. SOURCES:Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology. RESOURCES:The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024.Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, by Daron Acemoglu and Simon Johnson (2023)."Economists Pin More Blame on Tech for Rising Inequality," by Steve Lohr (The New York Times, 2022)."America’s Slow-Motion Wage Crisis: Four Decades of Slow and...2024-10-1940 minFreakonomics Radio607. Is America Switching From Booze to Weed?We have always been a nation of drinkers — but now there are more daily users of cannabis than alcohol. Considering alcohol’s harms, maybe that’s a good thing. But some people worry that the legalization of cannabis has outpaced the research. (Part one of a four-part series.) SOURCES:Jon Caulkins, professor of operations research and public policy at Carnegie Mellon University.Yasmin Hurd, director of the Addiction Institute at Mount Sinai.Michael Siegel, professor of public health and community medicine at Tufts University.Tom Standage, deputy editor of The Economist.Ryan Stoa, associate professor of law at L...2024-10-1746 minFreakonomics Radio606. How to Predict the PresidencyAre betting markets more accurate than polls? What kind of chaos would a second Trump term bring? And is U.S. democracy really in danger, or just “sputtering on”? (Part two of a two-part series.) SOURCES:Eric Posner, professor of law at the University of Chicago Law School.Koleman Strumpf, professor of economics at Wake Forest University. RESOURCES:"A Trump Dictatorship Won’t Happen," by Eric Posner (Project Syndicate, 2023).The Demagogue's Playbook: The Battle for American Democracy from the Founders to Trump, by Eric Posner (2020)."The Long History of Political Betting Markets: An International Perspect...2024-10-1155 min
The Economics of Everyday ThingsCard Counting (Replay)Casinos think they can stop skilled gamblers from eking out a tiny edge at blackjack. Is that a losing bet? Zachary Crockett doubles down. SOURCES:"Ben," former professional card counter.Bill Zender, co-founder of Bill Zender and Associates casino consulting firm. RESOURCES:"Blackjack Player Sues Ameristar Casino, City of Black Hawk Over Alleged Detainment for Card Counting," by Megan Ulu-Lani Boyanton (The Denver Post, 2023)."Why Does the House Always Win? A Look at Casino Profitability," by J. B. Maverick (Investopedia, 2023)."Counting the Cost," by Bill Zender (GGB News, 2022)."Nevada Supreme Court Orders Casino To Pa...2024-10-0718 minFreakonomics Radio605. What Do People Do All Day?Sixty percent of the jobs that Americans do today didn’t exist in 1940. What happens as our labor becomes more technical and less physical? And what kinds of jobs will exist in the future? SOURCES:David Autor, professor of economics at the Massachusetts Institute of Technology.Paula Barmaimon, manager of coverage and audience analytics at The New York Times.Ellen Griesedieck, artist and president of the American Mural Project.Adina Lichtman, co-host of the Our Friends Are Smart party.Avi Popack, co-host of the Our Friends Are Smart party.Huck Scarry, author and illustrator.James Suzman, anth...2024-10-031h 00Freakonomics RadioEXTRA: Roland Fryer Refuses to Lie to Black America (Update)His research on police brutality and school incentives won him acclaim, but also enemies. He was suspended for two years by Harvard, during which time he took a hard look at corporate diversity programs. As a follow-up to our recent series on the Rooney Rule, we revisit our 2022 conversation with the controversial economist. SOURCE:Roland Fryer, professor of economics at Harvard University. RESOURCES:"How to Make Up the Covid Learning Loss," by Roland Fryer (Wall Street Journal, 2022)."Roland Fryer on Better Alternatives to Defunding the Police," by Roland Fryer (The Economist, 2020)."Harvard Suspends Roland Fr...2024-09-301h 00Freakonomics Radio604. Did the N.F.L. Solve Diversity Hiring? (Part 2)What happened when the Rooney Rule made its way from pro football to corporate America? Some progress, some backsliding, and a lot of controversy. (Second in a two-part series.) SOURCES:Tynesia Boyea-Robinson, president and C.E.O. of CapEQ.N. Jeremi Duru, professor of law at American University.Herm Edwards, former N.F.L. player and head coach.Christopher Rider, professor of entrepreneurial studies at the University of Michigan.Jim Rooney, author and co-partner of Rooney Consulting.Scott Shephard, general counsel at the National Center for Public Policy Research. RESOURCES:The Social Impact Advantage: Wi...2024-09-2647 minFreakonomics RadioEXTRA: In Praise of Maintenance (Update)We revisit an episode from 2016 that asks: Has our culture’s obsession with innovation led us to neglect the fact that things also need to be taken care of? SOURCES:Martin Casado, general partner at Andreessen Horowitz.Ruth Schwartz Cowan, professor emerita of history and sociology of science at University of Pennsylvania.Edward Glaeser, professor of economics at Harvard University.Chris Lacinak, founder and president of AVPreserve.Andrew Russell, provost of SUNY Polytechnic Institute.Lawrence Summers, professor and president emeritus of Harvard University; former Secretary of the Treasury and former director of the National Economic Council.Lee...2024-09-1642 minFreakonomics Radio602. Is Screen Time as Poisonous as We Think?Young people have been reporting a sharp rise in anxiety and depression. This maps neatly onto the global rise of the smartphone. Some researchers are convinced that one is causing the other. But how strong is the evidence? SOURCES:David Blanchflower, professor of economics at Dartmouth College.Lauren Oyler, novelist and cultural critic.Andrew Przybylski, professor of human behavior and technology at the University of Oxford. RESOURCES:"The Declining Mental Health Of The Young And The Global Disappearance Of The Hump Shape In Age In Unhappiness," by David G. Blanchflower, Alex Bryson, and Xiaowei Xu...2024-09-1240 min
No Stupid QuestionsWhy Are Stories Stickier Than Statistics? (Replay)Also: are the most memorable stories less likely to be true? Stephen Dubner chats with Angela Duckworth in this classic episode from July 2020. SOURCES:Pearl S. Buck, 20th-century American novelist.Jack Gallant, professor of neuroscience and psychology at the University of California, Berkeley.Steve Levitt, professor emeritus of economics at the University of Chicago, host of People I (Mostly) Admire, and co-author of the Freakonomics books.George Loewenstein, professor of economics and psychology at Carnegie Mellon University.Deborah Small, professor of marketing at Yale University.Adin Steinsaltz, rabbi, philosopher, and author.Diana Tamir, professor of neuroscience a...2024-09-0631 minNo Stupid Questions209. Why Do We Settle?Why does the U.S. use Fahrenheit when Celsius is better? Would you quit your job if a coin flip told you to? And how do you get an entire country to drive on the other side of the road? SOURCES:Christian Crandall, professor of psychology at the University of Kansas.Stephen Dubner, host of Freakonomics Radio and co-author of the Freakonomics books.Scott Eidelman, professor of psychology at the University of Arkansas.David Hume, 18th century Scottish philosopher.Ellen Langer, professor of psychology at Harvard University.Steve Levitt, professor emeritus of economics at the University o...2024-09-0135 minFreakonomics RadioWhat Is the Future of College — and Does It Have Room for Men? (Update)Educators and economists tell us all the reasons college enrollment has been dropping, especially for men, and how to stop the bleeding. (Part 3 of our series from 2022, “Freakonomics Radio Goes Back to School.”) SOURCES:Zachary Bleemer, assistant professor of economics at Princeton University and faculty research fellow at the National Bureau of Economic Research.D'Wayne Edwards, founder and President of Pensole Lewis College.Catharine Hill, former president of Vassar College; trustee at Yale University; and managing director at Ithaka S+R.Pano Kanelos, founding president of the University of Austin.Amalia Miller, professor of economics at the U...2024-08-2949 minThe Economics of Everyday Things61. PigeonsOnce considered noble and heroic, pigeons are now viewed as an urban nuisance — one that costs cities millions of dollars a year. Zachary Crockett tosses some crumbs. SOURCES:Andrew Blechman, journalist and author.David Champagne, owner of Bird Busters, Inc. RESOURCES:"Racing Pigeon Sells For A Record-Breaking $1.9 Million At Auction," by Carlie Porterfield (Forbes, 2020)."Feathers of Honor: U.S. Army Signal Corps Pigeon Service in World War I, 1917–1918," by Frank A. Blazich Jr. (Army History, 2020)."Pigeon Wars," by Jon Mooallem (The New York Times, 2006).Pigeons: The Fascinating Saga of the World's Most Revered and Revile...2024-08-2619 minFreakonomics RadioEXTRA: Why Quitting Is Usually Worth ItStephen Dubner appears as a guest on Fail Better, a new podcast hosted by David Duchovny. The two of them trade stories about failure, and ponder the lessons that success could never teach. SOURCES:David Duchovny, actor, director, writer, and musician. RESOURCES:"Martin Seligman and the Rise of Positive Psychology," by Peter Gibbon (Humanities, 2020)."Rick Reilly: ‘Donald Trump Will Cheat You on the Golf Course and Then Buy You Lunch,'" by Donald McRae (The Guardian, 2019)."How The X-Files Invented Modern Television," by Emily St. James (Vox, 2018)."Happiness & the Gorilla," by Scott Galloway (No Merc...2024-08-2640 minNo Stupid Questions208. Can A.I. Companions Replace Human Connection?What happens when machines become funnier, kinder, and more empathetic than humans? Do robot therapists save lives? And should Angela credit her virtual assistant as a co-author of her book? SOURCES:Robert Cialdini, professor emeritus of psychology at Arizona State University.Reid Hoffman, co-founder and executive chairman of LinkedIn; co-founder and board member of Inflection AI.Kazuo Ishiguro, novelist and screenwriter.Ethan Mollick, professor of management and co-director of the Generative A.I. Lab at the Wharton School of the University of Pennsylvania.Ann Patchett, author.Kevin Roose, technology columnist for The New York Times and c...2024-08-2535 minFreakonomics RadioThe University of Impossible-to-Get-Into (Update)America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of our series from 2022, “Freakonomics Radio Goes Back to School.”) SOURCES:Peter Blair, professor of education at Harvard University and faculty research fellow at the National Bureau of Economic Research.Zachary Bleemer, assistant professor of economics at Princeton University and faculty research fellow at the National Bureau of Economic Research.Amalia Miller, professor of economics at the University of Virginia.Morton Schapiro, professor of economics and former president of Northwestern University.Miguel Urquiola, professor of economics at Columbia University. RESOURCE...2024-08-221h 11Freakonomics RadioWhat Exactly Is College For? (Update)We think of them as intellectual enclaves and the surest route to a better life. But U.S. colleges also operate like firms, trying to differentiate their products to win market share and prestige points. In the first episode of a special series originally published in 2022, we ask what our chaotic system gets right — and wrong. (Part 1 of “Freakonomics Radio Goes Back to School.”) SOURCES:Peter Blair, faculty research Fellow of the National Bureau of Economic Research and professor of education at Harvard University.Catharine Hill, former president of Vassar College; trustee at Yale University; and managin...2024-08-1550 minFreakonomics RadioEXTRA: Here’s Why You’re Not an Elite Athlete (Update)There are a lot of factors that go into greatness, many of which are not obvious. As the Olympics come to a close, we revisit a 2018 episode in which top athletes from a variety of sports tell us how they made it, and what they sacrificed. SOURCES:Lance Armstrong, former professional cyclist.David Canton, director of African American studies and professor of history at the University of Florida.David Epstein, science journalist and author.Domonique Foxworth, former professional football player.Justin Humphries, former professional baseball player.Andre Ingram, professional basketball player.Shawn Johnson, former professional gymnast a...2024-08-121h 05No Stupid QuestionsWhy Do People Get Scammed? (Replay)What makes a con succeed? Does snake oil actually work? And just how gullible is Angela? SOURCES:Robert Cialdini, professor emeritus of psychology and marketing at Arizona State University.Yaniv Hanoch, professor of decision sciences at Coventry University.Hugo Mercier, research scientist at the French National Centre for Scientific Research.George Parker, 19-20th century American con artist.Clark Stanley, 19th century American herbalist and quack doctor.William Thompson, 19th century American criminal and con artist.Danny Wallace, British filmmaker, comedian, writer, and actor.Stacey Wood, professor of psychology at Scripps College. RESOURCES:"They Th...2024-08-1135 minFreakonomics Radio600. “If We’re All in It for Ourselves, Who Are We?”Tania Tetlow, a former federal prosecutor and now the president of Fordham University, thinks the modern campus could use a dose of old-fashioned values. SOURCE:Tania Tetlow, president of Fordham University. RESOURCES:"Not a Priest, Not a Man, but Ready to Run Fordham," by David Waldstein (The New York Times, 2024)."Tech Glitch Upends Financial Aid for About a Million Students," by Oyin Adedoyin and Melissa Korn (The Wall Street Journal, 2024)."Where Protesters on U.S. Campuses Have Been Arrested or Detained," by The New York Times (The New York Times, 2024)."15 Arrested as NYPD Clears Pr...2024-08-0844 minFreakonomics Radio599. The World's Most Valuable Unused ResourceIt’s not oil or water or plutonium — it’s human hours. We've got an idea for putting them to use, and for building a more human-centered economy. But we need your help. SOURCES:Nathan Dietz, research director at the Do Good Institute at the University of Maryland.Al Roth, professor of economics at Stanford University.Krista Wyatt, C.E.O. of Timebanks.org.Andrew Yang, co-chair of the Forward Party and former U.S. presidential candidate. RESOURCES:"The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States," by Eva Vivalt...2024-08-0140 minFreakonomics Radio597. Why Do Your Eyeglasses Cost $1,000?A single company, EssilorLuxottica, owns so much of the eyewear industry that it’s hard to escape their gravitational pull — or their “obscene” markups. Should regulators do something? Can Warby Parker steal market share? And how did Ray-Bans become a luxury brand? (Part one of a two-part series.) SOURCES:Neil Blumenthal, co-founder and co-CEO of Warby Parker.Dave Gilboa, co-founder and co-CEO of Warby Parker.Jessica Glasscock, fashion historian and lecturer at the Parsons School of Design.Neil Handley, curator of the British Optical Association Museum at the College of Optometrists.Ryan McDevitt, professor of economics at Duke U...2024-07-1854 minFreakonomics RadioEXTRA: People Aren’t Dumb. The World Is Hard. (Update)You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. In an interview from 2018, the founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time. SOURCES:Richard Thaler, professor of behavioral science and economics at the University of Chicago. RESOURCES:“Behavioral Economics,” by Richard Thaler (The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of C...2024-07-1553 minFreakonomics Radio596. Farewell to a Generational TalentDaniel Kahneman left his mark on academia (and the real world) in countless ways. A group of his friends and colleagues recently gathered in Chicago to reflect on this legacy — and we were there, with microphones. SOURCES:Maya Bar-Hillel, professor emeritus of psychology at the Hebrew University of Jerusalem.Shane Frederick, professor of marketing at the Yale School of Management.Thomas Gilovich, professor of psychology at Cornell University.Matt Killingsworth, senior fellow at the Wharton School of the University of Pennsylvania.Barbara Mellers, professor of psychology at the University of Pennsylvania.Eldar Shafir, director of the Kah...2024-07-1152 minFreakonomics Radio595. Why Don't We Have Better Candidates for President?American politics is trapped in a duopoly, with two all-powerful parties colluding to stifle competition. We revisit a 2018 episode to explain how the political industry works, and talk to a reformer (and former presidential candidate) who is pushing for change. SOURCES:Katherine Gehl, former president and C.E.O. of Gehl Foods.Michael Porter, professor at Harvard Business School.Andrew Yang, co-chair of the Forward Party and former U.S. presidential candidate. RESOURCES:"Why U.S. Politics Is Broken — and How to Fix It," by Andrew Yang (TED, 2024).The Politics Industry: How Political Innovation Can...2024-07-041h 01People I (Mostly) AdmireSue Bird: “You Have to Pay the Superstars.” (Replay)She is one of the best basketball players ever. She’s won multiple championships, including five Olympic gold medals and four W.N.B.A. titles. She also helped negotiate a landmark contract for the league’s players. Sue Bird tells Steve Levitt the untold truth about clutch players, her thoughts about the pay gap between male and female athletes, and what it means to be part of the first gay couple in ESPN The Magazine’s Body Issue. SOURCE:Sue Bird, former professional basketball player. RESOURCES:"‘We’re Betting on Ourselves’: Why WNBA’s Landmark New De...2024-06-2942 minFreakonomics Radio594. Your Brand’s Spokesperson Just Got Arrested — Now What?It’s hard to know whether the benefits of hiring a celebrity are worth the risk. We dig into one gruesome story of an endorsement gone wrong, and find a surprising result. SOURCES:John Cawley, professor of economics at Cornell University.Elizabeth (Zab) Johnson, executive director and senior fellow with the Wharton Neuroscience Initiative at the University of Pennsylvania.Alvin Roth, professor of economics at Stanford University. RESOURCES:"Kanye and Adidas: Money, Misconduct and the Price of Appeasement," by Megan Twohey (The New York Times, 2023)."The Role of Repugnance in Markets: How the Jared Fogl...2024-06-2743 minFreakonomics RadioEXTRA: The Opioid Tragedy — How We Got HereAn update of our 2020 series, in which we spoke with physicians, researchers, and addicts about the root causes of the crisis — and the tension between abstinence and harm reduction. SOURCES:Gail D’Onofrio, professor and chair of emergency medicine at the Yale School of Medicine and chief of emergency services at Yale-New Haven Health.Keith Humphreys, professor of psychiatry and behavioral sciences at Stanford University.Stephen Loyd, chief medical officer of Cedar Recovery and chair of the Tennessee Opioid Abatement Council.Nicole O’Donnell, certified recovery specialist at the University of Pennsylvania's Center for Addiction Medicine and Poli...2024-06-0341 minPeople I (Mostly) AdmireJohn Green’s Reluctant Rocket Ship Ride (Update)Author and YouTuber John Green thought his breakout bestseller wouldn’t be a commercial success, wrote 40,000 words for one sentence, and brought Steve to tears. SOURCE:John Green, best-selling author and YouTube creator. RESOURCES:"The Deadliest Infectious Disease Isn’t a Science Problem. It’s a Money Problem," by John Green (The Washington Post, 2024).“Tuition Inflation Isn’t as Bad as You Think,” by Felix Salmon (Axios, 2022).“Fast Facts: Expenditures,” by the National Center for Education Statistics (2022).“Trends in College Pricing and Student Aid 2021,” by the College Board (2021).“#37 John,” by Heavyweight (2021).The Anthropocene Reviewed: Essays on a Human-Centered...2024-06-011h 01Freakonomics Radio589. Why Has the Opioid Crisis Lasted So Long?Most epidemics flare up, do their damage, and fade away. This one has been raging for almost 30 years. To find out why, it’s time to ask some uncomfortable questions. (Part one of a two-part series.) SOURCES:David Cutler, professor of economics at Harvard University.Travis Donahoe, professor of health policy and management at the University of Pittsburgh.Keith Humphreys, professor of psychiatry and behavioral sciences at Stanford University.Stephen Loyd, chief medical officer of Cedar Recovery and chair of the Tennessee Opioid Abatement Council. RESOURCES:"Thick Market Externalities and the Persistence of the Opio...2024-05-2348 minThe Economics of Everyday Things49. Weather ForecastsWith industries relying on them and profits to be made, weather forecasts are more precise and more popular than ever. But there are clouds on the horizon. Zachary Crockett grabs an umbrella. SOURCES:Steve Adelman, head of Adelman Law Group, PLLC and vice president of the Event Safety Alliance.Peter Neilley, director of weather forecasting sciences and technologies for The Weather Company. RESOURCES:"Traders Have Turned Betting on the Weather, a Technique Pioneered by Enron, Into a Booming $25 Billion Market," by Dylan Sloan (Fortune, 2024)."Why Your Weather Forecasts May Soon Become More Accurate," by Da...2024-05-2013 minFreakonomics Radio588. Confessions of a Black ConservativeThe economist and social critic Glenn Loury has led a remarkably turbulent life, both professionally and personally. In a new memoir, he has chosen to reveal just about everything. Why? SOURCE:Glenn Loury, professor of economics at Brown University and host of The Glenn Show. RESOURCES:Late Admissions: Confessions of a Black Conservative, by Glenn Loury (2024)."Amy Wax – The DEI Witch Hunt at Penn Law," by Glenn Loury (The Glenn Show, 2024)."The Conservative Line on Race," by Glenn Loury (The Atlantic, 1997)."Will Affirmative-Action Policies Eliminate Negative Stereotypes?" by Stephen Coate and Glenn Loury (The Amer...2024-05-1656 min
The Freakonomics Radio Book Club23. Confessions of a Black ConservativeThe economist and social critic Glenn Loury has led a remarkably turbulent life, both professionally and personally. In a new memoir, he has chosen to reveal just about everything. Why? SOURCE:Glenn Loury, professor of economics at Brown University and host of The Glenn Show. RESOURCES:Late Admissions: Confessions of a Black Conservative, by Glenn Loury (2024)."Amy Wax – The DEI Witch Hunt at Penn Law," by Glenn Loury (The Glenn Show, 2024)."The Conservative Line on Race," by Glenn Loury (The Atlantic, 1997)."Will Affirmative-Action Policies Eliminate Negative Stereotypes?" by Stephen Coate and Glenn Loury (The Amer...2024-05-1656 minThe Economics of Everyday Things48. College FraternitiesA fraternity’s budget includes broken windows, liability insurance, chili dog breakfasts, and the occasional $40,000 DJ. Zachary Crockett crashes the party. SOURCES:Anthony Anderson, member of the Sigma Alpha Epsilon fraternity.Danielle Logan, owner of Fraternity Management.Charlie O’Neill, member of the Sigma Alpha Epsilon fraternity.Stephen J. Schmidt, professor of economics at Union College. RESOURCES:"If Student Deaths Won't Stop Fraternity Hazing, What Will?" by Ben Kesslen (NBC News, 2021)."Social Animal House: The Economic And Academic Consequences Of Fraternity Membership," by Jack Mara, Lewis Davis, and Stephen Schmidt (Contemporary Economic Policy, 2018)."How Frater...2024-05-1319 min
Freakonomics RadioShould Companies Be Owned by Their Workers?The employee ownership movement is growing, and one of its biggest champions is also a private equity heavyweight. Is this meaningful change, or just window dressing? SOURCES:Marjorie Kelly, distinguished senior fellow at The Democracy Collaborative.Corey Rosen, founder and senior staff member of the National Center for Employee Ownership.Pete Stavros, co-head of Global Private Equity at KKR. RESOURCES:"Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit," by Lydia DePillis (The New York Times, 2024)."Private Equity Heavyweight Pushing Employee Ownership," (60 Minutes, 2024)."Ownership Works: Scaling a Profitable Social Mission," by...2024-05-0946 minFreakonomics RadioExtra: The Men Who Started a Thinking Revolution (Update)The psychologist Daniel Kahneman — a Nobel laureate and the author of Thinking, Fast and Slow — recently died at age 90. Along with his collaborator Amos Tversky, he changed how we all think about decision-making. The journalist Michael Lewis told the Kahneman-Tversky story in a 2016 book called The Undoing Project. In this episode, Lewis explains why they had such a profound influence. SOURCE:Michael Lewis, writer. RESOURCES:The Undoing Project, by Michael Lewis (2016).Thinking, Fast and Slow, by Daniel Kahneman (2011).The Big Short: Inside the Doomsday Machine, by Michael Lewis (2010).Nudge: Improving Decisions About Health, Wealth, and Hap...2024-04-1534 minPeople I (Mostly) Admire129. How to Fix Medical ResearchMonica Bertagnolli went from a childhood on a cattle ranch to a career as a surgeon to a top post in the Biden administration. As director of the National Institutes of Health, she’s working to improve the way we find new treatments — despite regulatory constraints and tight budgets. SOURCE:Monica Bertagnolli, director of the National Institutes of Health. RESOURCES:"Steven Levitt and John Donohue Defend a Finding Made Famous by 'Freakonomics'," by Steven Levitt and John Donohue (The Economist, 2024)."Why 'Freakonomics' Failed to Transform Economics," (The Economist, 2024)."Steven D. Levitt (Freakonomics Co-Author and U Chic...2024-04-1355 min
Freakonomics RadioWhy Are There So Many Bad Bosses?People who are good at their jobs routinely get promoted into bigger jobs they’re bad at. We explain why firms keep producing incompetent managers — and why that’s unlikely to change. SOURCES:Nick Bloom, professor of economics at Stanford University.Katie Johnson, freelance data and analytics coach.Kelly Shue, professor of finance at the Yale University School of Management.Steve Tadelis, professor of economics at the University of California, Berkeley Haas School of Business. RESOURCES:“People Management Skills, Employee Attrition, and Manager Rewards: An Empirical Analysis,” by Mitchell Hoffman and Steven Tadelis (Journal of Political...2024-04-1149 minThe Freakonomics Radio Book ClubEXTRA: Remembering Daniel KahnemanNobel laureate, bestselling author, and groundbreaking psychologist Daniel Kahneman died in March. In 2021 he talked with Steve Levitt — his friend and former business partner — about his book Noise: A Flaw in Human Judgment (cowritten with Olivier Sibony and Cass Sunstein) and much more. SOURCES:Daniel Kahneman, professor emeritus of psychology and public affairs at Princeton University. RESOURCES:Noise: A Flaw in Human Judgment, by Olivier Sibony, Daniel Kahneman, and Cass R. Sunstein (2021).Thinking, Fast and Slow, by Daniel Kahneman (2011). EXTRAS:"What’s the Secret to Making a Great Prediction?" by No Stupid Questions...2024-04-0941 minPeople I (Mostly) AdmireEXTRA: Remembering Daniel KahnemanNobel laureate, bestselling author, and groundbreaking psychologist Daniel Kahneman died in March. In 2021 he talked with Steve Levitt — his friend and former business partner — about his book Noise: A Flaw in Human Judgment (cowritten with Olivier Sibony and Cass Sunstein) and much more. SOURCES:Daniel Kahneman, professor emeritus of psychology and public affairs at Princeton University. RESOURCES:Noise: A Flaw in Human Judgment, by Olivier Sibony, Daniel Kahneman, and Cass R. Sunstein (2021).Thinking, Fast and Slow, by Daniel Kahneman (2011). EXTRAS:"What’s the Secret to Making a Great Prediction?" by No Stupid Questions...2024-04-0641 min
Freakonomics RadioExtra: How Much Do You Know About Immigration?The political debates over immigration can generate a lot of fuzzy facts. We wanted to test Americans’ knowledge — so, to wrap up our special series on immigration, we called some Freakonomics Radio listeners and quizzed them. SOURCES:Zeke Hernandez, professor at the Wharton School at the University of Pennsylvania. RESOURCES:The Truth About Immigration: Why Successful Societies Welcome Newcomers, by Zeke Hernandez (2024, available for pre-order). EXTRA:“The True Story of America’s Supremely Messed-Up Immigration System,” series by Freakonomics Radio (2024).
2024-04-0127 minPeople I (Mostly) Admire128. Are Our Tools Becoming Part of Us?Google researcher Blaise Agüera y Arcas spends his work days developing artificial intelligence models and his free time conducting surveys for fun. He tells Steve how he designed an algorithm for the U.S. Navy at 14, how he discovered the truth about printing-press pioneer Johannes Gutenberg, and when A.I. first blew his mind. SOURCE:Blaise Agüera y Arcas, fellow at Google Research. RESOURCES:Who Are We Now?, by Blaise Agüera y Arcas (2023)."Artificial General Intelligence Is Already Here," by Blaise Agüera y Arcas and Peter Norvig (Noema Magazine, 2023)."Transformer: A Nove...2024-03-3056 min
Freakonomics Radio582. Why Is Everyone Moving to Canada?As the U.S. tries to fix its messy immigration system, our neighbor to the north is scooping up more talented newcomers every year. Are the Canadians stealing America’s bacon? (Part three of a three-part series.) SOURCES:Zeke Hernandez, professor at the Wharton School at the University of Pennsylvania.William Kerr, professor of business administration at Harvard Business School.David Leonhardt, senior writer at the New York Times.Sindhu Mahadevan, creator of This Immigrant Life newsletter.Marc Miller, Member of Parliament and Minister of Immigration, Refugees, and Citizenship of Canada.Mike Savage, Mayor of Halifax, Nov...2024-03-2849 minNo Stupid Questions188. Why Do Kids Today Get So Many A’s?Is grade inflation on the rise? How much does your G.P.A. matter in the long run? And when did M.I.T., of all places, become “the cool university”? SOURCES:Scott Hugo, housing justice attorney at Oakland City Attorney’s Office.Bob Ladouceur, former head football coach at De La Salle High School.Jon Marcus, writer at The Hechinger Report.Amelia Nierenberg, Connecticut correspondent for The New York Times. James Pennebaker, professor emeritus of psychology at the University of Texas at Austin.Stuart Rojstaczer, writer and former professor of geophysics at Duke University. RESOURC...2024-03-2441 min
Freakonomics Radio581. What Both Parties Get Wrong About ImmigrationThe U.S. immigration system is a massively complicated machine, with a lot of worn-out parts. How to fix it? Step one: Get hold of some actual facts and evidence. (We did this step for you.) (Part two of a three-part series.) SOURCES:Zeke Hernandez, professor at the Wharton School at the University of Pennsylvania.David Leonhardt, senior writer at the New York Times.Sindhu Mahadevan, creator of This Immigrant Life newsletter. RESOURCES:The Truth About Immigration: Why Successful Societies Welcome Newcomers, by Zeke Hernandez (2024, available for pre-order)."Illegal Immigration Is a Bigger Problem Th...2024-03-2155 min
Freakonomics RadioExtra: Madeleine Albright’s Warning on ImmigrationShe arrived in the U.S. as an 11-year-old refugee, then rose to become Secretary of State. Her views on immigration, nationalism, and borders, from this 2015 interview, are almost strangely appropriate to the present moment. SOURCE:Madeleine Albright, U.S. Secretary of State under President Bill Clinton and former U.S. Ambassador to the United Nations. RESOURCES:"Madeleine Albright, First Woman to Serve as Secretary of State, Dies at 84," by Robert D. McFadden (The New York Times, 2022)."The Case for Getting Rid of Borders — Completely," by Alex Tabarrok (The Atlantic, 2015). EXTRAS:"The True S...2024-03-1829 min
Voices of EsalenStephen Dubner: Freakonomics, Feynman, AI, and the Future of WorkStephen Dubner is the New York Times best-selling author and host of the podcast Freakonomics. I met Stephen when he and his Freakonomics crew came to Esalen for an on-site interview that centered around deceased Nobel Prize winner and occasional Esalen lecturer Richard Feynman. Feynman assisted in the development of the atomic bomb during World War II; later in his career, he investigated the Space Shuttle Challenger disaster.
During the 1980s, in Big Sur, three women who had experience with underground psychedelic therapy, Debby Harlow, Barbara Berg, and Cheryl Haley, initiated Feynman through the psychedelic experience. Now, the Freakonomics team...2024-03-1639 min
Freakonomics Radio580. The True Story of America’s Supremely Messed-Up Immigration SystemHow did a nation of immigrants come to hate immigration? We start at the beginning, sort through the evidence, and explain why your grandfather was lying about Ellis Island. (Part one of a three-part series.) SOURCES:Leah Boustan, professor of economics at Princeton University.Zeke Hernandez, professor at the Wharton School at the University of Pennsylvania.Roger Nam, professor of Hebrew Bible at Emory University. RESOURCES:The Truth About Immigration: Why Successful Societies Welcome Newcomers, by Zeke Hernandez (2024, available for pre-order)."The Refugee Advantage: English-Language Attainment in the Early Twentieth Century," by Ran Abramitzky, Le...2024-03-1455 minFreakonomics Radio579. Are You Caught in a Social Media Trap?Economists have discovered an odd phenomenon: many people who use social media (even you, maybe?) wish it didn’t exist. But that doesn’t mean they can escape. SOURCES:Leonardo Bursztyn, professor of economics at the University of Chicago.Benjamin Handel, professor of economics at the University of California, Berkeley. RESOURCES:"When Product Markets Become Collective Traps: The Case of Social Media," by Leonardo Bursztyn, Benjamin Handel, Rafael Jimenez, and Christopher Roth (NBER Working Paper, 2023)."Social Media and Xenophobia: Evidence from Russia," by Leonardo Bursztyn, Georgy Egorov, Ruben Enikolopov, and Maria Petrova (NBER Working Paper...2024-03-0742 minPeople I (Mostly) Admire126. How to Have Great ConversationsThe Power of Habit author Charles Duhigg wrote his new book in an attempt to learn how to communicate better. Steve shares how the book helped him understand his own conversational weaknesses. SOURCES:Charles Duhigg, journalist and author. RESOURCES:Supercommunicators: How to Unlock the Secret Language of Connection, by Charles Duhigg (2024)."2023 Word of the Year Is 'Enshittification,'" by the American Dialect Association (2024)."When Someone You Love Is Upset, Ask This One Question," by Jancee Dunn (The New York Times, 2023).Smarter Faster Better: The Secrets of Being Productive in Life and Business, by Charles Du...2024-03-0247 minFreakonomics Radio578. Water, Water Everywhere — But You Have to Stop and ThinkWhat surprises lurk in our sewage? How did racist city planners end up saving Black lives? Why does Arizona grow hay for cows in Saudi Arabia? Three strange stories about the most fundamental substance we all take for granted. SOURCES:Brian Beach, professor of economics at Vanderbilt University.Marc Johnson, professor of molecular microbiology and immunology at the University of Missouri School of Medicine.Amy Kirby, program lead for the National Wastewater Surveillance System at the Centers for Disease Control and Prevention.Natalie Koch, professor of geography at Syracuse University. RESOURCES:Arid Empire: The En...2024-02-2952 minFreakonomics RadioIs Google Getting Worse? (Update)It used to feel like magic. Now it can feel like a set of cheap tricks. Is the problem with Google — or with us? And is Google Search finally facing a real rival, in the form of A.I.-powered “answer engines”? SOURCES:Marissa Mayer, co-founder of Sunshine; former C.E.O. of Yahoo! and vice president at Google.Ryan McDevitt; professor of economics at Duke University.Tim Hwang, media researcher and author; former Google employee.Elizabeth Reid, vice president of Search at Google.Aravind Srinivas, C.E.O. and co-founder of Perplexity.Jeremy Stoppelman, C.E.O. and...2024-02-2256 minFreakonomics RadioHow the San Francisco 49ers Stopped Being Losers (Update)They’re heading to the Super Bowl for the second time in five years. But back in 2018, they were coming off a long losing streak — and that’s the year we sat down with 49ers players, coaches, and executives to hear their turnaround plans. It’s probably time to consider the turnaround a success. SOURCES:Jimmy Garoppolo, quarterback for the Las Vegas Raiders; former quarterback for the San Francisco 49ers.Al Guido, president of the San Francisco 49ers.Kyle Juszczyk, fullback for the San Francisco 49ers.Bob Lange, senior vice president of communications for the Philadelphia Eagles; for...2024-02-051h 03The Economics of Everyday Things35. Dental InsuranceWhy is it separate from medical insurance? And is it really insurance at all? Zachary Crockett goes in for a cleaning. SOURCES:Brad Bolman, postdoctoral member of the School of Historical Studies at the Institute for Advanced Study.Pamela Maragliano-Muniz, prosthodontist and chief editor for Dental Economics.Wendell Potter, president of the Center for Health and Democracy; former executive at Cigna. RESOURCES:"Dental Medical Loss Ratios: Understanding the Landscape in Massachusetts and Beyond," by Shaza Stevenson, Megan D’Alessandro, Sandra Wilkniss, and Nicole Evans (National Academy for State Health Policy Blog, 2023)."Health Insurance Coverage in t...2024-02-0516 minPeople I (Mostly) Admire124. Daron Acemoglu on Economics, Politics, and PowerEconomist Daron Acemoglu likes to tackle big questions. He tells Steve how colonialism still affects us today, who benefits from new technology, and why democracy wasn’t always a sure thing. SOURCE:Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology. RESOURCES:Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, by Daron Acemoglu and Simon Johnson (2023)."Economists Pin More Blame on Tech for Rising Inequality," by Steve Lohr (The New York Times, 2022)."America’s Slow-Motion Wage Crisis: Four Decades of Slow and Unequal Growth," by John Schmitt, Elise Gould, and Josh B...2024-02-0344 minThe Economics of Everyday Things34. Store-Brand ProductsThose low-priced staples on grocery-store shelves — where do they come from? Zachary Crockett finds out at a national convention for private-label manufacturers. SOURCES:Kusum Ailawadi, professor of marketing at the Tuck School of Business at Dartmouth College.Eric Beringause, C.E.O. of Winland Foods.Ryan Boyle, vice president of sales at Kitchen Innovations.Samantha Burd, co-owner of Lady Burd Cosmetics.Dean Erstad, senior vice president of sales at Seneca.Harry Overly, president and C.E.O. of Flagstone Foods. RESOURCES:"The Backlash to Price Hikes Is Building," by Julia Waldow (Modern Retail, 2024)."For U.S...2024-01-2917 minFreakonomics Radio574. “A Low Moment in Higher Education”Michael Roth of Wesleyan University doesn’t hang out with other university presidents. He also thinks some of them have failed a basic test of good sense and decency. It’s time for a conversation about college, and courage. SOURCE:Michael S. Roth, president of Wesleyan University. RESOURCES:"Opinion: College Presidents Are Supposed to Be Moral Leaders, Not Evasive Bureaucrats," by Michael S. Roth (Los Angeles Times, 2023)."Transcript: What Harvard, MIT and Penn Presidents Said at Antisemitism Hearing," by CQ Roll Call Staff (Roll Call, 2023)."To Testify or Not to Testify in Congress? Your Job Cou...2024-01-2546 minFreakonomics Radio5 Psychology Terms You’re Probably Misusing (Replay)We all like to throw around terms that describe human behavior — “bystander apathy” and “steep learning curve” and “hard-wired.” Most of the time, they don’t actually mean what we think they mean. But don’t worry — the experts are getting it wrong, too. SOURCES:Sharon Begley, senior science writer for Stat at The Boston Globe.Jerome Kagan, emeritus professor of psychology at Harvard University.Bibb Latané, social psychologist and senior fellow at the Center for Human Science.Scott Lilienfeld, professor of psychology at Emory University.James Solomon, director and producer of The Witness. RESOURCES:“Tech Metapho...2024-01-2249 minFreakonomics Radio573. Can Academic Fraud Be Stopped?Probably not — the incentives are too strong. Scholarly publishing is a $28 billion global industry, with misconduct at every level. But a few reformers are gaining ground. (Part 2 of 2) SOURCES:Max Bazerman, professor of business administration at Harvard Business School.Leif Nelson, professor of business administration at the University of California, Berkeley Haas School of Business.Brian Nosek, professor of psychology at the University of Virginia and executive director at the Center for Open Science.Ivan Oransky, distinguished journalist-in-residence at New York University, editor-in-chief of The Transmitter, and co-founder of Retraction Watch.Joseph Simmons, professor of applied stat...2024-01-181h 02The Economics of Everyday Things30. Card CountingCasinos think they can stop skilled gamblers from eking out a tiny edge at blackjack. Is that a losing bet? Zachary Crockett doubles down. SOURCES:"Ben," former professional card counter.Bill Zender, co-founder of Bill Zender and Associates casino consulting firm. RESOURCES:"Blackjack Player Sues Ameristar Casino, City of Black Hawk Over Alleged Detainment for Card Counting," by Megan Ulu-Lani Boyanton (The Denver Post, 2023)."Why Does the House Always Win? A Look at Casino Profitability," by J. B. Maverick (Investopedia, 2023)."Counting the Cost," by Bill Zender (GGB News, 2022)."Nevada Supreme Court Orders Casino To Pa...2024-01-0118 minFreakonomics Radio568. Why Are People So Mad at Michael Lewis?Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama. SOURCES:Michael Lewis, author. RESOURCES:Going Infinite: The Rise and Fall of a New Tycoon, by Michael Lewis (2023)."Column: In Michael Lewis, Sam Bankman-Fried Found His Last and Most Willing Victim," by Michael Hiltzik (Los Angeles Times, 2023)."Even Michael Lewis Can’t M...2023-12-141h 00The Freakonomics Radio Book Club20. Why Are People So Mad at Michael Lewis?Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama. SOURCES:Michael Lewis, author. RESOURCES:Going Infinite: The Rise and Fall of a New Tycoon, by Michael Lewis (2023)."Column: In Michael Lewis, Sam Bankman-Fried Found His Last and Most Willing Victim," by Michael Hiltzik (Los Angeles Times, 2023)."Even Michael Lewis Can’t M...2023-12-141h 00Freakonomics Radio567. Do the Police Have a Management Problem?In policing, as in most vocations, the best employees are often promoted into leadership without much training. One economist thinks he can address this problem — and, with it, America’s gun violence. SOURCESKenneth Corey, director of outreach and engagement for the Policing Leadership Academy at the University of Chicago and retired chief of department for the New York Police Department.Stephanie Drescher, operations captain in the City of Madison Police Department.Max Kapustin, assistant professor of economics and public policy at Cornell University.Jens Ludwig, economist and director of the Crime Lab at the University of Chica...2023-12-0747 minFreakonomics Radio513. Should Public Transit Be Free? (Update)It boosts economic opportunity and social mobility. It’s good for the environment. So why do we charge people to use it? The short answer: it’s complicated. Also: We talk to the man who gets half the nation’s mass-transit riders where they want to go (most of the time). SOURCES:Marcus Finbom, traffic planner in Stockholm, Sweden.Robbie Makinen, former president and C.E.O. of the Kansas City Area Transportation Authority.Janno Lieber, chair and C.E.O. of the M.T.A. in New York City.Brian Taylor, professor of urban pl...2023-11-3056 minPeople I (Mostly) Admire119. Higher Education Is Broken. Can It Be Fixed?Economist Michael D. Smith says universities are scrambling to protect a status quo that deserves to die. He tells Steve why the current system is unsustainable, and what’s at stake if nothing changes. RESOURCES:The Abundant University: Remaking Higher Education for a Digital World, by Michael D. Smith (2023)."Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges," by Raj Chetty, David J. Deming, and John N. Friedman (NBER Working Paper, 2023)."Are Universities Going the Way of CDs and Cable TV?" by Michael D. Smith (The Atlantic, 2020)."For S...2023-11-2547 minNo Stupid Questions172. Is Marriage Worth It?Can long-term relationships do more harm than good? Where is the line between intimacy and codependence? And should we all try to be more like Mike’s parents? RESOURCES:"A Record-High Share of 40-Year-Olds in the U.S. Have Never Been Married," by Richard Fry (Pew Research Center, 2023)."Divorce Skyrocketing Among Aging Boomers," by Sharon Jayson (AARP, 2023)."Don’t Let Love Take Over Your Life," by Faith Hill (The Atlantic, 2023)."Marriage Provides Health Benefits – and Here’s Why," by Libby Richards, Melissa Franks, and Rosie Shrout (The Conversation, 2023)."The Benefits of Diversifying Your Social Portfolio...2023-11-1936 minFreakonomics Radio565. Are Private Equity Firms Plundering the U.S. Economy?They say they make companies more efficient through savvy management. Critics say they bend the rules to enrich themselves at the expense of consumers and employees. Can they both be right? (Probably not.) RESOURCES:Plunder: Private Equity's Plan to Pillage America, by Brendan Ballou (2023).Two and Twenty: How the Masters of Private Equity Always Win, by Sachin Khajuria (2022)."Local Journalism under Private Equity Ownership," by Michael Ewens, Arpit Gupta, and Sabrina T. Howell (NBER Working Paper, 2022).“Owner Incentives and Performance in Healthcare: Private Equity Investment in Nursing Homes,” by Atul Gupta, Sabrina T. Howell, Const...2023-11-1651 minThe Economics of Everyday Things25. Private JetsExecutives shell out millions of dollars for the privilege of flying private — but that convenience comes at a steep cost to the rest of us. Zachary Crockett prepares for takeoff. RESOURCES:"High Flyers 2023: How Ultra-Rich Private Jet Travel Costs the Rest of Us and Burns Up the Planet," by Chuck Collins, Omar Ocampo, and Kalena Thomhave (joint report by The Patriotic Millionaires and the Institute for Policy Studies, 2023)."French Green MPs Want to Ban Private Jet Flights, to 'Bring the Rich Back Down to Earth,'" by Stéphane Mandard (Le Monde, 2023)."Markey, Velázquez...2023-11-1317 minPeople I (Mostly) Admire118. “My God, This Is a Transformative Power”Computer scientist Fei-Fei Li had a wild idea: download one billion images from the internet and teach a computer to recognize them. She ended up advancing the state of artificial intelligence — and she hopes that will turn out to be a good thing for humanity. RESOURCES:The Worlds I See: Curiosity, Exploration, and Discovery at the Dawn of A.I., by Fei-Fei Li (2023)."Fei-Fei Li's Quest to Make AI Better for Humanity," by Jessi Hempel (Wired, 2018)."ImageNet Large Scale Visual Recognition Challenge," by Olga Russakovsky, Li Fei-Fei, et al. (International Journal of Computer Vision, 2015).EX...2023-11-1143 minFreakonomics Radio480. How Much Does Discrimination Hurt the Economy? (Replay)Evidence from Nazi Germany and 1940’s America (and pretty much everywhere else) shows that discrimination is incredibly costly — to the victims, of course, but also the perpetrators. One modern solution is to invoke a diversity mandate. But new research shows that’s not necessarily the answer. RESOURCES:"Discrimination, Managers, and Firm Performance: Evidence from 'Aryanizations' in Nazi Germany," by Kilian Huber, Volker Lindenthal, and Fabian Waldinger (Journal of Political Economy, 2021)."Diversity and Performance in Entrepreneurial Teams," by Sophie Calder-Wang, Paul A. Gompers, and Kevin Huang (SSRN, 2021)."Systemic Discrimination Among Large U.S. Employers," by Patrick...2023-11-0957 minNo Stupid Questions170. Are We Getting Lonelier?How can you be lonely when so many people showed up at your birthday party? Can you fight loneliness by managing expectations? And where can you find company while enjoying the best garlic cheeseburger in the greater Salt Lake City metro area? RESOURCES:"Surgeon General: We Have Become a Lonely Nation. It’s Time to Fix That," by Vivek H. Murthy (The New York Times, 2023)."Home Alone: More Than A Quarter of All Households Have One Person," by Lydia Anderson, Chanell Washington, Rose M. Kreider, and Thomas Gryn (United States Census Bureau, 2023)."Loneliness Before and...2023-11-0530 min
Resúmenes de lectura rápidaFreakonomics: Uncovering the Hidden Side of Economics and Human Behavior
What is the main point of Freakonomics?
The main point of Freakonomics is to explore the hidden side of everyday life and shed light on the unexpected and often counterintuitive ways that economics affects various aspects of society. It challenges conventional wisdom and provides a fresh perspective on a wide range of topics, such as crime rates, parenting, education, and incentives, by applying economic principles to analyze and understand human behavior and social phenomena.
The meaning of Freakonomics book
Freakonomics is a book written by Steven D. Levitt and Stephen J. Dubner, which explores...2023-11-0213 minPeople I (Mostly) Admire117. Nate Silver Says We're Bad at Making PredictionsData scientist Nate Silver gained attention for his election predictions. But even the best prognosticators get it wrong sometimes. He talks to Steve about making good decisions with data, why he’d rather write a newsletter than an academic paper, and how online poker led him to the world of politics. RESOURCES"Not Everyone Who Disagrees With You Is a Closet Right-Winger," by Nate Silver (Silver Bulletin, 2023)."The 2 Key Facts About U.S. Covid Policy That Everyone Should Know," by Nate Silver (Silver Bulletin, 2023)."Excess Death Rates for Republican and Democratic Registered Voters in Flor...2023-10-2842 min
Freakonomics Radio563. How to Succeed at Failing, Part 3: Grit vs. QuitGiving up can be painful. That's why we need to talk about it. Today: stories about glitchy apps, leaky paint cans, broken sculptures — and a quest for the perfect bowl of ramen. RESOURCES"Data Snapshot: Tenure and Contingency in US Higher Education," by Glenn Colby (American Association of University Professors, 2023).Grit: The Power of Passion and Perseverance, by Angela Duckworth (2016)."Entrepreneurship and the U.S. Economy," by the U.S. Bureau of Labor Statistics (2016)."A CV of Failures," by Melanie Stefan (Nature, 2010).EXTRAS“How to Succeed at Failing,” series by Freakonomics Radio (2023)."Annie Du...2023-10-261h 03No Stupid Questions168. Would You Be Happier if You Were More Creative?Should you become an artist or an accountant? Did Sylvia Plath have to be depressed to write The Bell Jar? And what can Napoleon Dynamite teach us about the creative life? RESOURCES:"The Science of Why You Have Great Ideas in the Shower," by Stacey Colino (National Geographic, 2022)."So, You Think You’re Not Creative?" by Duncan Wardle (Harvard Business Review, 2021)."The Correlation Between Arts and Crafts and a Nobel Prize," by Rosie Cima (Priceonomics, 2015)."Report: State of the American Workplace," by Gallup (2014)."Poverty Impedes Cognitive Function," by Anandi Mani, Sendhil Mullainathan, Eldar Shafir, and...2023-10-2231 min
Freakonomics Radio562. How to Succeed at Failing, Part 2: Life and DeathIn medicine, failure can be catastrophic. It can also produce discoveries that save millions of lives. Tales from the front line, the lab, and the I.T. department. RESOURCES:Right Kind of Wrong: The Science of Failing Well, by Amy Edmondson (2023)."Reconsidering the Application of Systems Thinking in Healthcare: The RaDonda Vaught Case," by Connor Lusk, Elise DeForest, Gabriel Segarra, David M. Neyens, James H. Abernathy III, and Ken Catchpole (British Journal of Anaesthesia, 2022)."Dispelling the Myth That Organizations Learn From Failure," by Jeffrey Ray (SSRN, 2016)."A New, Evidence-Based Estimate of Patient Harms Associated W...2023-10-1954 minPeople I (Mostly) Admire116. Abraham Verghese Thinks Medicine Can Do BetterAbraham Verghese is a physician and a best-selling author — in that order, he says. He explains the difference between curing and healing, and tells Steve why doctors should spend more time with patients and less with electronic health records. RESOURCES:The Covenant of Water, by Abraham Verghese (2023)."Abraham Verghese’s Sweeping New Fable of Family and Medicine,” by Andrew Solomon (The New York Times, 2023).“Watch Oprah’s Emotional Conversation with Abraham Verghese, Author of the 101st Oprah’s Book Club Pick” (Oprah Daily, 2023)."How Indian Teachers Have Shaped Ethiopia's Education System," by Mariam Jafri (The Quint, 2023...2023-10-1448 min
Freakonomics Radio561. How to Succeed at Failing, Part 1: The Chain of EventsWe tend to think of tragedies as a single terrible moment, rather than the result of multiple bad decisions. Can this pattern be reversed? We try — with stories about wildfires, school shootings, and love. RESOURCESRight Kind of Wrong: The Science of Failing Well, by Amy Edmondson (2023)."Michigan School Shooter Is Found Eligible for Life Sentence Without Parole," by Stephanie Saul and Dana Goldstein (The New York Times, 2023)."How Fire Turned Lahaina Into a Death Trap," by Nicholas Bogel-Burroughs, Serge F. Kovaleski, Shawn Hubler, and Riley Mellen (The New York Times, 2023).The Violence Project: How...2023-10-1255 min
Bookey SummaryThe Unconventional Insights of Freakonomics: Demystifying the Hidden Side of EconomicsChapter 1:what is the Freakonomics about"Freakonomics: A Rogue Economist Explores the Hidden Side of Everything" is a book written by economist Steven D. Levitt and journalist Stephen J. Dubner. The book investigates various social, economic, and cultural aspects of life by applying economic principles and data analysis. The authors analyze unconventional topics such as the impact of legalizing abortion on crime rates, the economics of drug dealing, the reasons behind successful parenting, and the importance of incentives in various contexts. They also explore the hidden side of...2023-10-0913 min
the Bestsellers SummaryUnveiling the Hidden Side of Economics: Exploring the Fascinating World of FreakonomicsChapter 1:what is the Freakonomics about
Freakonomics is a book written by economist Steven D. Levitt and journalist Stephen J. Dubner. The book explores various surprising and unconventional ways in which economic principles can be applied to understand and explain human behavior. It delves into a range of topics, including the economics of cheating, crime rates, parenting, abortion, drug dealing, and sumo wrestling. Levitt and Dubner use statistical analysis and economic theory to challenge common assumptions and shed light on hidden correlations and causations in society. The book aims to show readers how economic thinking...2023-10-0813 minFreakonomics Radio560. Is This “the Worst Job in Corporate America” — or Maybe the Best?John Ray is an emergency C.E.O., a bankruptcy expert who takes over companies that have succumbed to failure or fraud. He’s currently cleaning up the mess left by alleged crypto scammer Sam Bankman-Fried. And he loves it. RESOURCES:"United States of America v. Samuel Bankman-Fried, a/k/a 'SBF,'" by the United States District Court Southern District of New York (2023)."Does FTX’s New CEO Have the Worst Job in Corporate America?" by Ben Cohen (The Wall Street Journal, 2022)."John J. Ray III, a St. Joseph’s Grad From Pittsfield, Is Earn...2023-10-0540 minPeople I (Mostly) Admire115. The Future of Therapy Is PsychedelicFor 37 years, Rick Doblin has been pushing the F.D.A. to approve treating post-traumatic stress disorder with MDMA, better known as Ecstasy. He tells Steve why he persisted for so long, why he doesn’t like calling drug use “recreational,” and what he learned from his pet wolf. RESOURCES:"MDMA-Assisted Therapy for Moderate to Severe PTSD: A Randomized, Placebo-Controlled Phase 3 Trial," by Jennifer M. Mitchell, Marcela Ot’alora G., Bessel van der Kolk, Scott Shannon, Michael Bogenschutz, Rick Doblin, et al. (Nature Medicine, 2023)."MDMA Therapy Inches Closer to Approval," by Rachel Nuwer (The New York T...2023-09-3053 minFreakonomics Radio559. Are Two C.E.O.s Better Than One?If two parents can run a family, why shouldn’t two executives run a company? We dig into the research and hear firsthand stories of both triumph and disaster. Also: lessons from computer programmers, Simon and Garfunkel, and bears versus alligators.RESOURCES:"How Allbirds Lost Its Way," by Suzanne Kapner (The Wall Street Journal, 2023)."Is It Time to Consider Co-C.E.O.s?" by Marc A. Feigen, Michael Jenkins, and Anton Warendh (Harvard Business Review, 2022)."The Costs and Benefits of Pair Programming," by Alistair Cockburn and Laurie Williams (2000)."Strengthening the Case for Pair Programming," by Laurie Williams, Robert R...2023-09-2850 min
Bookey App 30 mins Book Summaries Knowledge Notes and MoreFreakonomics: A Fascinating Journey into the Underlying LogicChapter 1 What’s Freakonomics about"Freakonomics: A Rogue Economist Explores the Hidden Side of Everything" is a popular non-fiction book written by economist Steven D. Levitt and journalist Stephen J. Dubner. The book takes an unconventional approach to exploring various economic concepts and their applications in real-world situations. It uses economic principles to analyze and uncover surprising connections between seemingly unrelated topics such as crime rates, parenting, drug dealing, and even names. "Freakonomics" delves into the hidden motivations behind human behavior and challenges conventional wisdom by presenting thought-provoking insights derived from the authors' research and analysis.2023-08-2413 minFreakonomics Radio487. Is It Okay to Have a Party Yet?In this special episode of Freakonomics, M.D., host Bapu Jena looks at data from birthday parties, March Madness parties, and a Freakonomics Radio holiday party to help us all manage our risk of Covid-19 exposure.
2021-12-2331 min
People I (Mostly) Admire41. Dr. Bapu Jena on Why Freakonomics Is the Best MedicineHe’s a Harvard physician and economist who just started a third job: host of the new podcast Freakonomics, M.D. He’s also Steve’s former student. The two discuss why medicine should embrace econ-style research, the ethics of human-challenge trials, and Bapu’s role in one of Steve’s, ahem, less-than-successful experiments.
2021-08-2141 min
Freakonomics, M.D.Introducing “Freakonomics, M.D.”How can a marathon be dangerous even if you don’t run the race? Does your doctor follow medical advice any better than you do? Just how dangerous was it to go to a birthday party at the height of the pandemic? These are the kinds of questions that intrigue Dr. Bapu Jena, a rare double threat — he’s both an M.D. and a Ph.D. economist. Each week on Freakonomics, M.D., Jena digs into fascinating research to discover the hidden side of healthcare.
2021-07-2103 min
Freakonomics Radio465. Introducing a New “Freakonomics of Medicine” PodcastBapu Jena was already a double threat: a doctor who’s also an economist. Now he’s a podcast host too. In this sneak preview of the Freakonomics Radio Network’s newest show, Bapu discovers that marathons can be deadly — but not for the reasons you may think.
2021-06-1023 min
Freakonomics RadioIntroducing Stephen J. Dubner's new podcast, "Tell Me Something I Don't Know""Tell Me Something I Don't Know" is a live game show hosted by Stephen J. Dubner of "Freakonomics Radio." He has always had a mission: to tell you the things you thought you knew but didn't, and things you never thought you wanted to know, but do. Now, with "TMSIDK," he has a new way of doing just that. This new show is still journalism, still factual -- but disguised in the most entertaining, unexpected, and occasionally ridiculous conversation you're likely to hear.Audience contestants come on stage and try to wow a panel of experts with a...2016-11-1553 min
The Tim Ferriss Show#162: How to Be Tim Ferriss - Featuring FreakonomicsThis episode is a role-reversal. I flew to New York City and sat down with Stephen J. Dubner (@freakonomics) of Freakonomics fame. He proceeded to ask me all sorts of questions that I'd never heard before, and we recorded the entire thing. It was a blast. His team did an incredible job with post-production, and I wanted to share the conversation with all of you. You can learn more about Stephen J. Dubner and his team at Freakonomics.com, on Twitter, or you can subscribe to their show on iTunes. Without further preamble, please enjoy this wide-ranging and sometimes-weird conversa...2016-05-2740 min