What happens when the most disturbing ideas are also the best?
Jewish visitors to China often receive a snap greeting when they reveal their religion: “Very smart, very clever, and very good at business,” the Chinese person says.
We just did a Marketplace radio piece on “The Year in Repugnant Ideas,” and tomorrow we’ll release a podcast on a similar theme. We plan to revisit this theme in future radio shows and on the blog — as long as we don’t run out of repugnant ideas to talk about.
Our latest Freakonomics Radio podcast is called “Do More Expensive Wines Taste Better?” It features some research presented by the American Association of Wine Economists, whose members include Karl Storchmann, managing editor of the group’s Journal of Wine Economics.
Storchmann wrote to us the other day about an interesting working paper the AAWE has just posted: “Women or Wine? Monogamy and Alcohol,” by Mara Squicciarini and Jo Swinnen.
… today’s Wall Street Journal:
Once upon a time, Americans got dogs for their sheep. Now they get sheep for their dogs. “I never dreamed it would go this far,” says Ms. Foster, 56 years old.
A regular reader named John De Palma sends along an interesting bit from a new Sports Illustrated article about top NBA rebounder Kevin Love.
We recently solicited your questions for “baseball economist” J.C. Bradbury, author of the new book Hot Stove Economics. His responses show great range. The most fascinating answer, in response to a question about the agent Scott Boras’s dominating performance: “I have a theory that Boras sells his own insurance to players by promising players a minimum salary in return for waiting for free agency. This way, players get insurance against injury, more income if they reach free agency in good health, and Boras gets a bigger cut.”
Last year, Franco “Dok”* Harris, son of football legend Franco Harris (about whom I once wrote a book) ran for mayor of Pittsburgh. He ran under the Franco Dok Harris Party.
As long as they have at least a tiny bit of self-awareness, that is.
I ran into an old friend the other day whose actor husband is a regular on the TV show House. We caught up on friends and family, etc., including a few mutual acquaintances who have died since we last spoke. As we parted, I couldn’t help but laugh: at least these unfortunate deaths, I thought, were nowhere near as numerous as those on the kind of TV show her husband appears on.
They should! It’s a cardinal rule: more expensive items are supposed to be qualitatively better than their cheaper versions. But is that true for wine?
We recently published a post about the dramatic decline in U.S. fire deaths over the past century. A reader named Tricia Hurlbutt writes in with a related challenge.
Levitt and I just recorded a Q&A session for the Freakonomics Radio podcast, using the questions that all of you recently submitted. You’ll hear the results soon, probably in January. Thanks for the good questions.
One question we didn’t get to, from Tg3:
I have heard Dubner casually mention that he is a backgammon player. Are there ever Levitt vs. Dubner battles? More importantly, why is such a great game not more popular in North America?
… Economic Lives: How Culture Shapes the Economy, by Viviana A. Zelizer, an economic sociologist at Princeton: Suppose for a moment that this is the year 2096. Let’s take a look at American families: although by now money often takes postelectronic forms unfamiliar to the twentieth century, in the “traditional” home, “housewives” and “househusbands” receive monthly stipulated sums of money as salaries from their wage-earning spouses.
Not long ago, we made a Freakonomics Radio podcast asking whether the NFL might someday sell ad space on its jersey fronts, as soccer teams around the world already do. In European soccer in particular, the revenue can be substantial.
U.S. auto sales are looking a bit better this year. Trucks in particular are doing well. But one category is moving in the opposite direction. Why? Some blame has to go to the fall in gas prices from a peak of more than $4 a gallon. That’s right: it’s the tiny, gas-stingy cars that aren’t moving off the lot.
A reader named Gerald Andriole writes in with a small but interesting puzzle.
On the football field, as in nearly every arena in life, the punishment doesn’t always fit the crime.
James Harrison of the Pittsburgh Steelers has become the poster child for the NFL’s crackdown on dangerous tackling. And he has paid the price in fines. His teammate Troy Polamalu has defended him, but Harrison’s reputation as a dirty player is growing. (As a Steelers fan, I do not subscribe to this view.)
A lot of meat and poultry gets eaten during the holiday season. Did you ever find yourself wondering: Hmm, what’s the trend line over the past 100 years for U.S. per-capita consumption of beef vs. chicken vs. pork vs. turkey?
We recently released a two-part podcast about Prize-Linked Savings, which are typically bank accounts or government bonds that shave a bit of interest off the top and pool together that interest to award regular big cash prizes to random account holders. The idea is to offer the thrill of the lottery with the principal-retaining properties of a savings or bond account.
Meantime, over the past two quarters, the number of U.S. households that subscribe to cable and other paid TV services fell for the first time since the dawn of cable – by about 335,000 households out of about 100 million, according to data provider SNL Kagan.
Diehard baseball fans know that the season doesn’t really end with the World Series. It just downshifts a bit, as J.C. Bradbury explains in his new book Hot Stove Economics: “The final out of the World Series marks the beginning of baseball’s second season, when teams court free agents and orchestrate trades with the hope of building a championship contender. The real and anticipated transactions generate excitement among fans who discuss the merit of moves in the arena informally known as the ‘hot stove league.'”
At least in his hometown, where Chicago magazine has named him one of the town’s top 40 pioneers from the past 40 years.
The Freakonomics Radio beast never sleeps: if you write in your questions in the comments section below, we will answer them — in our podcast!
New York City is on track this year to break its record for the fewest number of deaths by fire. To me, the decline of death by fire is one of the most underappreciated success stories of the past 100 years.
Russia and Qatar landed the 2018 and 2022 FIFA World Cup. Congratulations to them. But has anyone in those countries’ bid committees ever heard of the winner’s curse?
It’s the banking tool that got millions of people around the world to stop wasting money on the lottery. So why won’t state and federal officials in the U.S. give it a chance?
Deaths can be costly — especially to the government if you’re a billionaire.
Vitamin D: should we take less or triple that intake? Whatever you do, don’t just read this headline and run with it.
Christmas is prime time to think about deadweight loss. Scroogenomics aside, tell the world what you really want this year using the Freakonomics Personal Gift Registry.
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