The Upside of Quitting

Season 6, Hour 31 This week on Freakonomics Radio: do you know this bromide? “A winner never quits, and a quitter never wins.” To which Stephen J. Dubner says, “Are you sure?” Sometimes quitting is strategic, and sometimes it can be your best possible plan. To find out more, check out the podcast from which this hour […]

How Deep Is the Shadow Economy? A New Freakonomics Radio Podcast

Our latest Freakonomics Radio podcast is called “How Deep Is the Shadow Economy?” It addresses what we know -- and don't know -- about the gazillions of dollars that never show up on anyone's books.

(You can download/subscribe at iTunes, get the RSS feed, listen via the media player above, or read the transcript below.)

The conversation ranges from the macro to the micro -- that is, from worldwide estimates of the size of the shadow economy to the actual off-the-books transactions (from drug dealing to freelance hair-cutting) that make those dollars flow.