Societies where people trust one another are healthier and wealthier. In the U.S. (and the U.K. and elsewhere), social trust has been falling for decades — in part because our populations are more diverse. What can we do to fix it?
Tony Hsieh, the longtime C.E.O. of Zappos, was an iconoclast and a dreamer. Five years ago, we sat down with him around a desert campfire to talk about those dreams. Hsieh died recently from injuries sustained in a house fire; he was 46.
The International Monetary Fund has long been the “lender of last resort” for economies in crisis. Christine Lagarde, who has led the institution since 2011 and will step down to head the European Central Bank later this year, has tried to prevent those crises from ever happening. To find out more, check out the podcasts from which this hour was drawn: . . .
The gig economy offers the ultimate flexibility to set your own hours. That’s why economists thought it would help eliminate the gender pay gap. A new study, using data from over a million Uber drivers, finds the story isn’t so simple. To find out more, check out the podcasts from which this hour was drawn: “What Can Uber Teach Us About . . .
We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So what are you going to do about it?
Sure, markets generally work well. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard like Al Roth. To find out more, check out the podcast from which this hour was drawn: “Make Me a Match.”
You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
In the early 20th century, Max Weber argued that Protestantism created wealth. Finally, there are data to prove if he was right. All it took were some missionary experiments in the Philippines and a clever map-matching trick that goes back to 16th-century Germany.
Season 8, Episode 11 The Ford Motor Company is ditching its legacy sedans, doubling down on trucks, and trying to steer its stock price out of a long skid. But C.E.O. Jim Hackett has even bigger plans: to turn a century-old automaker into the nucleus of a “transportation operating system.” Is Hackett just whistling past the graveyard, or does he . . .
Season 8, Episode 10 We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So what are you going to do about it? To find out more, check out the . . .
The Ford Motor Company is ditching its legacy sedans, doubling down on trucks, and trying to steer its stock price out of a long skid. But C.E.O. Jim Hackett has even bigger plans: to turn a century-old automaker into the nucleus of a “transportation operating system.” Is Hackett just whistling past the graveyard, or does he see what others can’t?
Season 8, Episode 9 You said, “I’m sorry,” but somehow you haven’t been forgiven. Why? Because you’re doing it wrong! A report from the front lines of apology science. To find out more, check out the podcasts from which this hour was drawn: “Is the Government More Entrepreneurial Than You Think?” and “How to Optimize Your Apology.”
We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So what are you going to do about it?
You said, “I’m sorry,” but somehow you haven’t been forgiven. Why? Because you’re doing it wrong! A report from the front lines of apology science.
You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
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 gives so much, who it really helps, and whether all this philanthropy is just corporate whitewashing.
Season 7, Episode 36 They are the most-trusted profession in America (and with good reason). They are critical to patient outcomes (especially in primary care). Could the growing army of nurse practitioners be an answer to the doctor shortage? The data say yes but — big surprise — doctors’ associations say no. To find out more, check out the podcast . . .
Season 7, Episode 35 Three former White House economists weigh in on the new tax bill. Also, every 12 years, there’s a spike in births among certain communities across the globe, including the U.S. Why? Because the Year of the Dragon, according to Chinese folk belief, confers power, fortune, and more. We look at what happens to Dragon babies when . . .
A breakthrough in genetic technology has given humans more power than ever to change nature. It could help eliminate hunger and disease; it could also lead to the sort of dystopia we used to only read about in sci-fi novels. So what happens next?
Season 7, Episode 34 Kevin Hassett, chairman of the Council of Economic Advisers, explains the thinking behind the controversial new Republican tax package — and why its critics are wrong. We’ll also hear from the critics. To find out more, check out the podcasts from which this hour was drawn: “Why the Trump Tax Cuts Are Awesome/Terrible (Part 1)” and . . .
Season 7, Episode 33 The bad news: roughly 70 percent of Americans are financially illiterate. The good news: all the important stuff can fit on one index card. This week on Freakonomics Radio: how to become your own financial superhero. Plus: Stephen J. Dubner brings you the tale of the $15 tomato. To find out more, check out the podcasts from . . .
Three former White House economists weigh in on the new tax bill. A sample: “The overwhelming evidence is that the trickle-down, magic-beanstalk beans argument — that’s just nonsense.”
Season 7, Episode 32 This week on Freakonomics Radio: it’s hard enough to save for a house, tuition, or retirement. Stephen J. Dubner asks, “So why are we willing to pay big fees for subpar investment returns?” Enter the low-cost index fund. The revolution will not be monetized. To find out more, check out the podcast from which this hour was . . .
Kevin Hassett, chairman of the Council of Economic Advisers, explains the thinking behind the controversial new Republican tax package — and why its critics are wrong. (Next week, we’ll hear from the critics.)
The bad news: roughly 70 percent of Americans are financially illiterate. The good news: all the important stuff can fit on one index card. Here’s how to become your own financial superhero.
It’s hard enough to save for a house, tuition, or retirement. So why are we willing to pay big fees for subpar investment returns? Enter the low-cost index fund. The revolution will not be monetized.
Season 7, Episode 26 This week on Freakonomics Radio: Some people argue that sugar should be regulated, like alcohol and tobacco, on the grounds that it’s addictive and toxic. How much sense does that make? We hear from a regulatory advocate, an evidence-based skeptic, a former F.D.A. commissioner — and the organizers of Milktoberfest. To find out more, check out . . .
The gist: in our collective zeal to reform schools and close the achievement gap, we may have lost sight of where most learning really happens — at home.
The gig economy offers the ultimate flexibility to set your own hours. That’s why economists thought it would help eliminate the gender pay gap. A new study, using data from over a million Uber drivers, finds the story isn’t so simple.
Season 7, Episode 20 This week on Freakonomics Radio: Stephen J. Dubner explores a breakthrough in genetic technology that has given humans more power than ever to change nature. So what happens next? Plus: some of the hoops we jump through to get ahead are poorly designed for girls and women. Behavioral economics could help change that. To find out more, . . .
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