Search the Site

Freakonomics Blog

Are Carbon Offsets Too Good to Be True?

Feeling a little guilty about that flight to London last month? No problem — you can offset that trip with credits from a reforestation project in Nicaragua, available at carbonfund.org. The thriving carbon-offset market in the U.S. allows individuals and companies to voluntarily offset their carbon footprints relatively painlessly — just point, click, and pay. If the United States implements . . .



FREAK Shots: Keep the Pictures Coming

Since we first asked you to send us your Freakonomics-related photos, you’ve responded from all over the world, and with an impressive variety of images, ranging from innovative ways to stop overzealous newspaper deliveries … To signs of hyperinflation: So keep sending your photos here, and, as usual, tell us why they’re Freak-worthy.



The Secret to a Successful Blog

A new study analyzes reciprocal attention in blogging. The authors conclude that “the activity of bloggers is found to be related to the size and level of reciprocity within a blogger’s network.” The study also finds that bloggers who don’t participate in reciprocity are punished with a lower number of readers. In other words, the Internet hasn’t remotely damaged the . . .



Is Freakonomics Driving Unemployment?

Well, probably not. But at least one person has lost her job — albeit not an actual full-time, paying job — in a fracas over Freakonomics and other books. A few years back, a school-board member in suburban Chicago named Leslie Pinney wanted to pull nine books from the high school’s approved reading list. Among them were Freakonomics, The Things . . .



Tent City Portraits

Tent cities have been cropping up across the country and around the world. The Times‘ Jim Wilson recently put together this series of photos of tent city life outside Fresno, California. (NOTE: This post originally linked to a different set of photos which the photographer has since requested be removed.) [%comments]



Bus-Riders of the World Unite!

Remarkable facts from a new paper by James Habyarimana and William Jack of the Center for Global Development: The World Health Organization (2004) reported that 1.2 million people died from road traffic injuries in 2002, 90 percent in low- and middle-income countries, about the same number as die of malaria. In addition, between 20 and 50 million people are estimated . . .



No Excuse for No Retirement

Dan Hamermesh wrote recently that he doesn’t feel sorry for would-be retirees who lost their savings by bad asset allocation. Boston University economics professor Laurence Kotlikoff thinks people aren’t capable of predicting how much they’ll need to save in the first place. So he has developed a “consumption smoothing” program that helps users maintain stable spending patterns up to and . . .



Can't We All Just Not Get Along?

No less an authority than my brother called my last post on the transportation stimulus package “spectacularly uninformative.” Fortunately (or unfortunately), this shows I got my message across; I feel pretty uninformed about the transportation program and perhaps you do too. Photo: Artem Finland One problem is that, paradoxically, a major strength of the way we make transportation policy can . . .



Can You Pirate Piracy?

We’ve been watching the wandering meaning of the word “piracy” over the last few weeks, as it stretches and shrinks to accommodate the modern world. The re-emergence of honest-to-goodness sea piracy shares headline space with the high-profile trial of Swedish internet pirates and the debate over just what to call “digital piracy.” The Wall Street Journal reports that another group . . .



Akhil Amar Got There First

Once again, Catherine Rampell has an interesting Economix post (“Minority Rules: Sex Ratios and Suffrage”) describing a new empirical analysis arguing that “jurisdictions that granted women the right to vote earlier generally had lower concentrations of women.” Why? [M]en had much to lose by enfranchising women. … The relative scarcity of women in the West may have “reduced the political . . .



Kids Read for Free

If going to the library is a hassle and you don’t want to pay $20 for a children’s book, plop your kids in front of this website, which offers children’s stories for free. The stories are all original and written by the site’s proprietors, so you won’t find certain books there — but they may be the perfect therapy for . . .



Has "Peak Oil" Peaked?

It is always interesting to watch what happens when the media latches onto a given issue and then, as the reality on the ground evolves — sometimes radically — the media fails to catch up to, or even monitor, the changes. This means the public is stuck with an outdated version of conventional wisdom which, even if it were true . . .



How Many People Know Coke's "Secret Formula"?

Photo: DeusXFlorida Coke has a new ad that declares that only two people know Coke’s secret formula, and if something happened to one of them, the formula would be lost forever. It then goes on to talk, facetiously, about all the terrible things that would happen to the world if something bad happened to one of the two men and . . .



Recession Culture: Old Is the New New

We’ve told you about recession music, recession comfort, and depression cooking. Now: recession gadgetry? Last Year’s Model is a site encouraging users to reject disposable culture by hanging on to their good old gadgets as long as possible. It’s good for the pocketbook and good for the environment. We’ve got a 2004 model-year iPod whirring around the Freakonomics office. Is . . .



Piggybacking Businesses

I’ve never twittered and never sold or bought on eBay. To me the technology and the hassle of the latter are daunting. I came across a franchise chain, iSold It, which solves the fact that I’m eBay-challenged. Drop off your item at an iSold It store and they handle auctioning it on eBay and sending it to the lucky buyer. . . .



Introducing "New Math"

Not long ago, we linked to a site called New Math, whose proprietor is named Craig Damrauer. We liked Craig’s work so much that we asked if he felt like contributing new pieces to this blog occasionally. We are happy to say that he agreed. Craig is, in his own words, “a writer and artist living in Brooklyn with my . . .



Wall Street's Identity Crisis

Some on Wall Street think of themselves as the fighter jocks of American capitalism. Justin Fox thinks they’re more like bumper car drivers, “spending more time tangling with each other than doing anything useful.” Either way, now that the market has tanked and the public has turned on bankers, many on the Street find themselves switching to Plan B. [%comments]



Do the Serenos Make the Emanuels Look Like Slackers?

The Emanuel Brothers — Rahm, Zeke, and Ari — are famously high achievers, one in politics, one in entertainment, and one in medicine (although the doctor has recently crossed over into politics as well). But there’s another family of high achievers, also from Chicago, that is giving them some competition: the Serenos. Of the six grown children, five are prominent . . .



A Generation of Very Focused Accountants

If deliberately practicing your way to success seems like a lot of work, there’s always the prescription drug route. In The New Yorker, Margaret Talbot explores the increasing use of cognitive-enhancement drugs. Tests have indicated that the drugs improve concentration but their effect on abstract thought and creativity is unclear. As one scientist put it, “I’m a little concerned that . . .



Saez Takes Home the Clark Medal

Congratulations to Emmanuel Saez, winner of this year’s John Bates Clark medal given to the most influential economist under the age of 40 by the American Economic Association. Emmanuel’s work focuses on issues of inequality and taxation. He has made both theoretical and empirical contributions. I remember vividly the first time I met Emmanuel. I think it was 1998. I . . .



Are the Obamas Bad for the Paparazzi Economy?

The paparazzi are like 18th-century pirates in that it’s hard to understand and control them until you realize that they’re rational, economic actors. The Obama administration seems to understand this. The White House has been strategically releasing photos of the Obamas in an attempt to drive down the value of paparazzi shots. The avalanche of Obama photos recently released to . . .



How Is a Computer Worm Like a Pack of Cigarettes?

You’ve probably already forgotten about Conficker, the computer worm, since it declined to wreak havoc as feared on April 1. Rest assured, Conficker has not forgotten about you. It’s currently operating on millions of computers around the world, and it’s still spreading and changing. Nobody knows what it will do next. As Bruce Schneier points out, the worm isn’t any . . .



Yes, Part II

In a recent post, I extolled the virtues of Robert Cialdini‘s Yes!: 50 Scientifically Proven Ways to Be Persuasive. The book is wonderfully designed in 50 short chapters to describe the results of 50 different randomized field experiments. The format of, say, 1,800 words per chapter is a bit unusual. But I found it a great way to catch up . . .



Zimbabwe's Novel Currency

Zimbabwe’s currency has been essentially worthless in-country for months. Now the Zimbabwe dollar is officially worth more on eBay, where collectors can snap up a few trillion-dollar notes for less than $25. Technically, a currency exchange would give you 37 million Zimbabwe dollars for every U.S. dollar, but since Zimbabwe’s government recently suspended its currency altogether, you probably shouldn’t bother. . . .



Révolte des Vignerons

Levitt‘s cheap wine advocacy may have met its match. To protest the falling price of wine, a French group calling itself the Regional Union for Viticultural Action has attacked French supermarkets in the past. Now it has adopted a more supply-side approach: the wine militants recently broke into a cooperative in the south of France, emptying vats of wine containing . . .



Another Way to Look at Free-Throw Percentage

In a recent blog post, we linked to a New York Times article by John Branch showing that the percentage of made basketball free throws has remained steady for 50 years. A reader named Ashley Smart (aptonym?) replied with an amplification/caveat that is well worth sharing: I, like many of your other Freakonomics readers, was intrigued by John Branch’s article . . .



A Record Label in 140 Characters or Less

We’ve written before about musicians giving away their work for free online. Now you can add Mike Skinner (a.k.a. The Streets) to the list. He’s giving away new songs using Twitter because, he writes, “all this trying to sell you music … wastes valuable time.” A new study out of Norway suggests Mike‘s business model may be a good one, . . .



Keep Your Localization Local

A story on NPR’s All Things Considered this week dealt with St. Lucie County, Florida, whose government is trying to counter high local unemployment by requiring that 75 percent of government contracts be reserved for local firms and that the firms employ local workers. This is true for both local tax revenues and federal stimulus package funds. Even ignoring the . . .



Did Celebrating Earth Day Make You Pollute More?

Beware moral self-regulation. Doing good works, it turns out, may make people feel justified in doing ill. A new study from psychologists at Northwestern University suggests that “affirming a moral identity leads people to feel licensed to act immorally.” In other words, as Ryan Sager points out, acting green one day might leave you more willing to indulge your planet-destroying . . .



If I Change My Name to Millionaire, Will I Win the Lottery?

We’ve said it many times before: your name is not your destiny. Unless you choose to make it so. In our continuing quest to bring you Grade A aptonyms from every walk of life, here’s the latest offering: + The author of a new bread cookbook, Kneadlessly Simple, named Nancy Baggett. (HT: Raj Pandravada.) + The president of American Rivers, . . .