Remember our contest on the Coase Theorem? It asked for good examples of the Coase Theorem failing in regard to URLs — i.e., instances in which a company that is most motivated to own a URL for some reason doesn’t. The winner of the contest proposed Nissan.com, which belongs not to the car company, but to a far lesser-known computer . . .
Rocco Landesman is a Broadway original, a producer with the heart of an artist, and a rogue businessman if ever there was one. (He is also, I am happy to say, an old friend of mine.) He is president of Jujamcyn Theatres, one of the big three Broadway theater companies, and is also one of the most prolific and award-winning . . .
What does it mean to use “the economic approach” to thinking about the world? In the old days, if you asked 100 people this question, I bet at least 80 of them would have given some kind of answer having to do with dollars and cents, supply and demand, etc. Over the past few decades, however, “the economic approach” has . . .
A new healthcare Web site called iMedix has just been launched, and it could revolutionize the way people take care of themselves. Or it might gum up the works further; at this point, it’s hard to tell. But you have to applaud the effort. A privately funded startup launched by Amir Leitersdorf and Iri Amirav, it allows users to search . . .
… to support my alma mater, Appalachian State University, in its quest for a third consecutive national football championship at the FCS (formerly Div. I-AA) level. But I won’t be, so I will cheer them on in absentia. These are the guys, remember, who beat (presumably) mighty Michigan at the start of the season, so hopefully they can handle the . . .
I had my annual physical the other day, and my doctor asked the typical battery of questions before the physical exam began. As we got to the end of the questions, I couldn’t help but note that she’d added a few questions that doctors didn’t ask in years past: “Are you sexually active?” … and then: “Is there any reason . . .
Former U.S. Senator George Mitchell today released his long-anticipated report on steroid use in baseball. It charges many star players with having used steroids, including Roger Clemens, Barry Bonds, and Mark McGwire. Here’s one thing about the report that really jumped out at me, as portrayed by Michael Schmidt and Duff Wilson in the Times‘s lead story: [Mitchell] did say . . .
Last week, we solicited your questions for Second Life creator Philip Rosedale. Your questions were excellent, as are his answers. Thanks to all. Q: Do you have macroeconomists regulating the supply of Linden dollars? [Some virtual worlds do.] Are they Keynesians? Monetarists? Does the economy experience inflation? A: We don’t have an economist on staff yet, but we’d love to . . .
We have blogged repeatedly — mercilessly, some might say — about the serious shortage of human organs for transplantation, and what might be done about it. The basic problem is that relying on altruism doesn’t produce enough donated organs, but there is widespread repugnance at the idea of paying people for organs. There’s a fascinating article by Laura Meckler in . . .
The Great Penny Debate continues to limp along. One hundred million pennies, collected by schoolchildren, were put on display at Rockefeller Center. Meanwhile, lots of people continue to argue for elimination of the penny. I am firmly on the abolitionists’ side, as stated previously here and here. The only reasons I can think of for keeping the penny are inertia . . .
Last time out, we asked if you’d rather be arrested for embezzlement or prostitution. Your response was overwhelmingly in favor of prostitution. Here’s another choice between two bad options: Would you rather be Conrad Black or Michael Vick? Yesterday, both of them were sentenced to prison terms, Vick for nearly 2 years and Black for 6-1/2 years. (Black’s sentence was . . .
March 5, 2021: These bookplates are no longer available. We’re sorry for the inconvenience. I am happy to announce that after some two years of offering free signed bookplates, which turn a plain old copy of Freakonomics into an autographed copy of Freakonomics, we have finally squashed every bug in the system, and we have even caught up with demand. . . .
I am wondering if perhaps we should try to enlist John McEnroe to write with us in the future, although I’m sure we couldn’t afford his fee. In this interesting (London) Telegraph article on the reported rise in fixed tennis matches, McEnroe nicely parses the incentives at play for top-ranked players versus lower-ranked players. While lower-ranked players may be willing . . .
We’ve blogged quite a bit about the vagaries of airline travel. One point we’ve made is that, thanks to fierce competition, the cost of airline travel is, relatively speaking, dirt cheap. This also means, of course, that airlines have to try to make people happy on skimpy revenues, even as prices for things like fuel, labor, and insurance may rise. . . .
Economics and rapping wouldn’t seem to be the most natural bedfellows, but they keep showing up on this blog, including here and here. But this latest instance is probably also the best.
It’s official: Freakonomics is going to be turned into a feature-length documentary film. It will be an omnibus format, with different stories within the film told by different directors. According to Variety: Doc is being produced by Chad Troutwine (“Paris je t’aime”) and Seth Gordon (“The King of Kong”), and they have enlisted Morgan Spurlock (“Super Size Me”), Rachel Grady . . .
The 2008 U.S. Presidential campaign is heating up, and as always a lot of the questions revolve around economic issues. So we thought we’d ask the economic advisers to all the main candidates to tell us about their roles. As you’ll see, we didn’t get all that many responses but we’re grateful to those who replied. Economic advisers for John . . .
Sometimes a good idea is so obvious that you can’t believe no one has made it happen yet. That would seem to be the case with something called the Impair Aware Alcohol Level Indication System. It’s a machine you can put in a bar or restaurant that lets you measure your blood alcohol level so you know if you’re fit . . .
Last week, we solicited your questions for Internet security guru Bruce Schneier. He responded in force, taking on nearly every question, and his answers are extraordinarily interesting, providing mandatory reading for anyone who uses a computer. He also plainly thinks like an economist: search below for “crime pays” to see his sober assessment of why it’s better to earn a . . .
Don Imus is back on the radio, brimming with apology and announcing a new cast that includes two African-American comedians. He was run off the air a few months ago for calling the Rutgers women’s basketball team “nappy headed ho’s.” I understand why he was canned. I understand why he is back. I understand that our culture loves the whole . . .
Here’s the latest from Jessica Hagy, the creator of Indexed and our regular guest blogger:
Do the book blurbs that one author gives to another author affect your decision to read the book? The publishing industry certainly believes that blurbs matter a great deal. There is a lot of effort put into sending a manuscript out to authors for blurbs — more effort, I sometimes think, than the editing that goes into books. So do . . .
Apparently, it is dangerous even to be the wife of a semi-famous economist-author. In this blog post about the difference between corked wine and screw-top wine, Levitt’s wife, Jeannette, is revealed to be not only a drinker but a cork snob: We recently had a friend over (her husband, Steve Levitt, co-wrote Freakonomics) and I noticed the strange look she . . .
Bruce Schneier could probably find out just about everything about you without breaking a sweat. He has built a career out of discovering weaknesses in computer systems and has analyzed security flaws in everything from biometrics to post-9/11 airline security. The designer of the popular Blowfish and Twofish encryption algorithms (the latter was a finalist for the Federal Advanced Encryption . . .
An article in today’s Wall Street Journal about online lending reports that Zopa, a British person-to-person lending market, is starting operations in the U.S. It will join, among others, Prosper.com, which the WSJ reports will issue $100 million in person-to-person loans this year, with future loan originations projected to be $1 billion in 2010 and $9 billion in 2017. Can . . .
It’s a widely held perception that the professional athletes who constitute Major League Baseball and the National Football League have different levels of power — i.e., players have more juice in M.L.B., while it’s a team’s ownership that has more power in the N.F.L., often at the expense of individual players. Is this true? We put this question to a . . .
Here is a tough little Freakonomics quiz for people who like to bet the ponies: Is there ever a situation in a parimutuel betting system in which you would want to bet on a horse to win, even though you knew for sure that the horse would lose the race? This is a hard one. Had it simply been posed . . .
We recently wrote about the use of commitment devices in weight loss, particularly the recent spike in bariatric surgery. While advocates can make a strong argument in favor of the surgery, especially for the morbidly obese, it is obviously a pretty drastic resort. An article in the current Journal of the American Medical Association highlights a far less invasive commitment . . .
We are taking a couple days off, and hope you are too. FWIW, the tryptophan in your turkey may not be what’s making you groggy; it may, however, make you more trusting. Perhaps Paul Feldman should consider selling turkey bagels.
There’s been a good bit of back-and-forthing on this blog about nuclear power, most notably regarding a Times Magazine column we wrote recently about the past and future of the nuclear industry. In a nutshell, we posited that the U.S. anti-nuke revolt in the 1960s and 1970s may look misguided in retrospect since it helped thwart the proliferation of nuclear . . .
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