How Can This Possibly Be True?

A famous economics essay features a pencil (yes, a pencil) arguing that “not a single person on the face of this earth knows how to make me.” Is the pencil just bragging? In any case, what can the pencil teach us about our global interdependence -- and the proper role of government in the economy?

Diamonds Are a Marriage Counselor’s Best Friend: A New Freakonomics Radio Podcast

Our latest Freakonomics Radio episode is called “Diamonds Are a Marriage Counselor's Best Friend." (You can subscribe to the podcast at iTunes or elsewhere, get the RSS feed, or listen via the media player above. You can also read the transcript, which includes credits for the music you’ll hear in the episode.) The gist of the episode: It may seem like winning a valuable diamond is an unalloyed victory. It’s not. It’s not even clear that a diamond is so valuable.