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Episode 449

How to Fix the Incentives in Cancer Research

For all the progress made in fighting cancer, it still kills 10 million people a year, and some types remain especially hard to detect and treat. Pancreatic cancer, for instance,…


Can Bail Bond Dealers Reduce Discrimination? A Guest Post

…“[T]he professional bondsman system … is odious at best.” But market competition among bond dealers may actually reduce discrimination against poor and middle-class defendants. Judges can cometimes discriminate when setting…



How Will Rio's Arrest Bounty Play Out?

…whereas there are bad cops who are bribed by drug dealers. What if these bad officers began to been rewarded by drug dealer with tickets to Disney instead of arrest…



O’Reilly Transcript

…in school? Why so many drug dealers live at home? These three topics and others are dealt with in a new book called “Freakonomics: A Rogue Economist Explores the Hidden…




How to Streamline Drug Research?

…like lean management and information-sharing among rivals. And: The M.I.T. project, called New Drug Development Paradigms, has gathered a powerful consortium of interested parties — including major drug makers and…




Episode 163

What’s More Dangerous: Marijuana or Alcohol? (Replay)

Imagine that both substances were undiscovered until today. How would we think about their relative risks?

Episode 163

What’s More Dangerous: Marijuana or Alcohol?

Imagine that both substances were undiscovered until today. How would we think about their relative risks?

Should Mexican Drug Cartels Be Labeled as Insurgents?

…it compare to historical insurgencies? The RAND Counterinsurgency (COIN) Scorecard assessment found that Mexican drug violence shares some characteristics with historical cases of insurgencies and that Mexican counterdrug efforts share…



How Cops Really Want to Police

…things. In Chicago, back in the 1980’s, we had all these problems with drug dealers selling their dope on the street. We used to catch them and bring them in…



Episode 562

How to Succeed at Failing, Part 2: Life and Death

In medicine, failure can be catastrophic. It can also produce discoveries that save millions of lives. Tales from the front line, the lab, and the I.T. department. Part of the…


The Unsustainable Economics of Cancer Drugs

…obliged to reimburse payment for the drug, and private insurers in most states must cover the cost. Any doctor who considers cost—or the value of a costly drug—risks being accused…



Is Academia Like a Drug Gang?

In Freakonomics, Dubner and Levitt wrote about how working for a drug gang is like working for McDonald’s. On LSE’s Impact of Social Sciences blog, Alexandre Afonso writes about how…




Episode 459

Let’s Be Blunt: Marijuana Is a Boon for Older Workers

The state-by-state rollout of legalized weed has given economists a perfect natural experiment to measure its effects. Here’s what we know so far — and don’t know — about the…

Episode 516

Nuclear Power Isn’t Perfect. Is It Good Enough?

Liberals endorse harm reduction when it comes to the opioid epidemic. Are they ready to take the same approach to climate change?…

Episode 261

Why Are We Still Using Cash?

It facilitates crime, bribery, and tax evasion – and yet some governments (including ours) are printing more cash than ever. Other countries, meanwhile, are ditching cash entirely. And if Star…

Episode 268

Bad Medicine, Part 1: The Story of 98.6

We tend to think of medicine as a science, but for most of human history it has been scientific-ish at best. In the first episode of a three-part series, we…

Episode 268

Bad Medicine, Part 1: The Story of 98.6 (Replay)

We tend to think of medicine as a science, but for most of human history it has been scientific-ish at best. In the first episode of a three-part series, we…

Episode 402

The Opioid Tragedy, Part 1: “We’ve Addicted an Entire Generation”

How pharma greed, government subsidies, and a push to make pain the “fifth vital sign” kicked off a crisis that costs $80 billion a year and has killed hundreds of…

Cocaine Addicts Prefer Present Cash Over Future Coke

…the drug only when it is immediately available, and future values of cocaine are heavily discounted. Bickel found this to have positive implications for developing drug treatment programs based on…



Episode 336

The Most Vilified Industry in America Is Also the Most Charitable

Pharmaceutical firms donate an enormous amount of their products (and some cash too). But it doesn’t seem to be helping their reputation. We ask Pfizer’s generosity chief why the company…


Episode 40

Harold Pollack on Why Managing Your Money Is as Easy as Taking Out the Garbage

He argues that personal finance is so simple all you need to know can fit on an index card. How will he deal with Steve’s suggestion that Harold’s nine rules…

Episode 484

“A Fascinating, Sexy, Intellectually Compelling, Unregulated Global Market.”

…dollars). Beneath the surface is a tangled web of dealers, curators, auction houses, speculators — and, of course, artists. In the first episode of a three-part series, we meet the…

Episode 480

How Much Does Discrimination Hurt the Economy?

Evidence from Nazi Germany and 1940s America (and pretty much everywhere else) shows that discrimination is incredibly costly — to the victims, of course, but also the perpetrators. One modern…