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Freakonomics Blog

Masters of the Silver Lining

I like hunting for silver linings as much as the next guy. But there is one group of people who are so good at finding them that I can only dream of matching their prowess. I am talking, of course, about C.E.O.’s. It is earnings season and we are of course in the grip of a recession, so you would . . .



Sorry, No Marijuana Pepsi in Germany

A German court recently upheld a ban on surnames that are hyphenated three or more times, claiming long names could cause “intolerable administrative difficulties” for German officials. As Time reports, local German authorities must also approve first names, which have to match the child’s gender and “must not expose the child to ridicule or discrimination.” (Germany is hardly the first . . .



Look Who's Paying for Low Tuition

Texas raises most of its tax revenue from the sales tax. We are one of only seven states without a personal income tax. Even with the exclusion of groceries from the sales tax, it is likely that the tax is regressive. Our legislators (who fortunately only convene for four months every two years) are now proposing that state-supported universities be . . .



Writing With Constraints

Anu Garg, who runs the wonderful site Wordsmith.org, sends a weekly e-mail describing the theme of the words that will be featured in his word-a-day e-mails. This week’s theme is interesting for writers of every sort. (I would particularly like to see professional economists impose a few constraints.) Negativeland is the title of a slim novel I came across recently . . .




A New Kind of Book Club

Bram Stoker‘s Dracula is the story of a vampire’s reign of terror in Victorian England, told through letters and diary entries. This blog will post each entry on the day it appears in the book, so readers can experience the story “in real time.” Dracula started on May 3 and ends November 6. Think of it as a new series . . .




Steinbeck on the Crisis

I was reading John Steinbeck‘s Cannery Row last night, and I was really struck by how the following passage speaks to the forces behind our current economic predicament: “It has always seemed strange to me,” said Doc. “The things we admire in men — kindness and generosity, openness, honesty, understanding, and feeling — are the concomitants of failure in our . . .



The Unintended Consequences of Attacking Spam

In what Wired calls a botnet “explosion,” botnets have taken control of about 12 million new IP addresses since the beginning of the year. (That’s according to a report by the anti-virus firm McAfee.) The number of zombie computers — those overtaken by a hacker, trojan horse, etc. — have increased 50 percent since last year. What spurred the increase? . . .



Honoring Dick Easterlin

The Bonn-based Institute for the Study of Labor (IZA) has just announced that this year’s winner of its annual prize in labor economics is happiness researcher Richard Easterlin. This is a wonderful prize. Dick was the first economist to start taking subjective well-being data seriously. While this sort of research is now pretty mainstream, I have to imagine that it . . .



The Importance of Sample Size, Swine Flu Edition

What made swine flu so worrisome was the high death toll it wrought in Mexico. Most of us assumed that the virus would be at least as lethal wherever it spread. It wasn’t. With the virus temporarily in retreat, current estimates show all but one of the swine flu deaths were confined to Mexico, and all but a few of . . .



John Donohue Elected to the American Academy of Arts and Sciences

A hidden side of Freakonomics is the extraordinary mesh of collaboration that has grown up around the movement. There is no better example of this collaboration than my colleague and good friend John Donohue, who has coauthored with Levitt (on abortion), Ayres (on guns), and Wolfers (on the death penalty). There is simply no finer quantitative empiricist in the legal . . .



Would Electric Cars Increase Property Values on Noisy Streets?

A reader named Tomas asks an interesting question: If electric cars became the dominant form of urban transport, would houses on main roads jump in value due to a decrease in noise? Of course Tomas’s scenario may never come to pass, since quiet electric cars pose a danger to blind pedestrians. That’s what the Pedestrian Safety Enhancement Act of 2009 . . .



Print on Demand: Make That a Double

As if you needed another reason to avoid the bookstore, you can now buy your book from an Espresso Book Machine, which prints and binds (albeit without flashy cover imagery, photos, etc.) your book of choice in just a few minutes. There are about five of them in the U.S., reports Publishers Weekly, and they were recently launched in the . . .



Roland Fryer Makes Time Magazine's 100 Most Influential List

Some first-grade classrooms perform “Acknowledgments,” wherein children sit in a circle and take turns publicly praising a classmate for some good or wise act. Bloggers can do this too. Here is the first of three Acknowledgments you’ll read on this blog today. It is with great pride that I report that my good friend Roland Fryer was honored by Time . . .



Most Expensive Blog Post

In much of America, conspicuous conservation is the new conspicuous consumption. Those of you itching for a fix of boom-time nostalgia can visit the Most Expensive Journal, your guide to the priciest items available. A $50,000 Go-Kart? Sure. A jewel-encrusted, $2.4 million iPhone? Why not? It’s SkyMall for plutocrats. [%comments]



I Had No Idea I Sounded Like Axl Rose

We recently posted a noisy song, “The Final Day,” by an unnamed artist, and ran a contest asking you to identify the performer. It sounded like it might be the latest in our series of recession songs, or maybe an outright apocalyptic number: Click Below to Listen The singer was me. Yeah, it was a song from my old band, . . .



The Free Press Is Somewhat Less Free

Freedom House has released its 2009 Freedom of the Press Survey. For the seventh consecutive year, it notes, global press freedom has declined, with declines occurring across all regions for the first time. Israel, Italy, and Hong Kong were downgraded from “Free” to “Partly Free.” (Is it time for someone to study the correlation between economic meltdowns and press freedom?) . . .



Thankfully, No One Pays Attention

Thankfully, no one pays attention to my annual Kentucky Derby picks, because if they did, they would have read this prediction that I made Friday: If I had to pick a last-place finisher (a bet they would never actually offer at the track because people involved with horse racing understand better than most that people respond to incentives), it would . . .



Recession Relief for Pâté Lovers

Is your pâté consumption wreaking havoc on your pocketbook? A food processor and some Newman’s Own dog food may solve your problem. Economists at The American Association of Wine Economists conducted double-blind taste tests of five unlabeled blended meat products, including dog food. Subjects were unable to identify the dog food. (HT: Marginal Revolution) [%comments]




The Self-Serving Policy Proposal Prize

We need a prize for the most self-serving proposal. A lawyer with large student loans has assembled a large group of friends on Facebook with the proposal “Cancel Student Debt to Stimulate the Economy.” Ignoring the fact that this might reduce rather than increase the fiscal stimulus, it would reduce the burden on people who, if they attended public universities, . . .



A New Look at Old Demographic Myths

Martin Walker of the Woodrow Wilson Center describes some surprising demographic trends. Contrary to popular belief, birth rates have risen in northern Europe and the United States in recent years and fallen across much of Asia, Latin America, and the Middle East. In fact, the fertility rate in the United States is at its highest level since 1971. In contrast, . . .




Wasting Time: Priceless

A technical change can raise well-being yet lower G.D.P. I realized this when I spent time watching and re-watching the Saturday Night Live take-off on the recording session of “Don’t Fear the Reaper.” For some reason I find this Will Ferrell/Christopher Walken spoof hilarious; and I’ve also “wasted” time watching some of the Mastercard “Priceless” spoofs and other such nonsense . . .



Swine Flu and the Economy

Feeling a little feverish? Throat a little scratchy? You may be relieved to know that the last time a great swine flu epidemic was predicted it didn’t materialize. In 1976, the U.S. government predicted that 1 million Americans would die from a swine flu epidemic — but only one did. Meanwhile, this post at Foreign Policy points out that while . . .



Annual Kentucky Derby Predictions

I’m not sure why, since I don’t think anyone should or does care, but every year I indulge myself by posting Kentucky Derby picks. In contrast to the last two years, my computer model has some strong predictions for this year’s Derby. The two horses I like best from a betting perspective (i.e. the ones I think actually have a . . .




When You Don't Watch Your Data

Last month, Levitt blogged about how Google Flu Trends, which measures flu queries in real-time, can serve as an early-warning system for flu outbreaks. The catch: it only works if Google’s data analysts are paying attention to the data — which they weren’t last week, when Flu Trends showed a bump in flu-related search terms right before the swine flu . . .



The Office-onomics?

The following is a guest post by Linda Jines — yarn merchant, book titler, and sister of Steve Levitt. Enjoy. The Office-onomics? A Guest Post By Linda Jines The most recent episode of NBC’s hit comedy The Office offered viewers something extra along with its usual half hour of wry observations about life in Dilbertian corporate America. The episode, entitled . . .