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Episode 474

All You Need Is Nudge

When Richard Thaler published Nudge in 2008 with co-author Cass Sunstein, the world was just starting to believe in his brand of behavioral economics. How did nudge theory hold up…

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Episode 12

Where Do All the Bad Ideas Go?

Ideas are currency. This couldn’t be more true in academia, where it’s the job of researchers to think of questions and, hopefully, find answers. Bapu talks with economists Steve Levitt…

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Episode 502

“I Don’t Think the Country Is Turning Away From College.”

Enrollment is down for the first time in memory, and critics complain college is too expensive, too elitist, and too politicized. The economist Chris Paxson — who happens to be…

It’s Not the President, Stupid (Ep. 65)

…in fact the opposite turned out to be true. (Ungated paper here.) FWIW, here’s a TV interview I did with Yahoo! Finance on the topic a few weeks back. And…



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Episode 232

The True Story of the Gender Pay Gap

Discrimination can’t explain why women earn so much less than men. If only it were that easy.

Yo! Yo! Yo-Yo!

…Hsu, one of two young Merrill Lynch employees who left finance to start a yo-yo company, Yo-Yo Nation. Weber asked if we wanted them to create a special promotional Freakonomics…



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Episode 559

Are Two C.E.O.s Better Than One?

If two parents can run a family, why shouldn’t two executives run a company? We dig into the research and hear firsthand stories of both triumph and disaster. Also: lessons…

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Episode 181

Fixing the World, Bang-for-the-Buck Edition (Replay)

A team of economists has been running the numbers on the U.N.’s development goals. They have a different view of how those billions of dollars should be spent.

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Episode 84

Yuval Noah Harari Thinks Life Is Meaningless and Amazing

The author of Sapiens has a knack for finding the profound in the obvious. He tells Steve why money is fiction, traffic can be mind-blowing, and politicians have a right…

How to Control Runaway Entitlement Spending

…places them in the top 1.5 percent of the household income distribution, are not wealthy by modern standards), but they are comfortable. They can afford to finance their retirement through…




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Episode 231

Is Migration a Basic Human Right?

The gist: the argument for open borders is compelling — and deeply problematic.

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EXTRA

Why Does One Tiny State Set the Rules for Everyone? (Update)

Until recently, Delaware was almost universally agreed to be the best place for companies to incorporate. Now, with Elon Musk leading a corporate stampede out of the First State, we…

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Episode 283

Earth 2.0: What Would Our Economy Look Like?

If we could reboot the planet and create new systems and institutions from scratch, would they be any better than what we’ve blundered our way into through trial and error?…

Nice News From China

…of Honor Guangdong Economics Publishing House The publishers of “Freakonomics” are hereby awarded the 2006 “New Path Prize” for finance publications. Jesse explained that he came up with “New Path…




The Economics of Tiger Parenting

…about any endeavor is likely to pay Marshmallow benefits even outside that area of specialization.? My personal bias is in guiding my children toward endeavors (like learning statistics or US…



Is Not Saying "I Don't Know" a Guy Thing?

Our most recent podcast, “Why Is ‘I Don’t Know’ So Hard to Say?,” continues to draw interesting replies. Here’s one from Erich Knobil, who works in the finance office of…



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Episode 362

Why Is This Man Running for President? (Update)

A year ago, nobody was taking Andrew Yang very seriously. Now he is America’s favorite entrepre-nerd, with a candidacy that keeps gaining momentum. This episode includes our Jan. 2019 conversation…

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Episode 160

Why Everybody Who Doesn’t Hate Bitcoin Loves It

Thinking of Bitcoin as just a digital currency is like thinking about the Internet as just email. Its potential is much more exciting than that.

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Episode 52

Little League

Youth baseball — long a widely accessible American pastime — has become overrun by $10,000-per-year for-profit travel leagues. Zachary Crockett peers inside the dugout….

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Episode 432

When Your Safety Becomes My Danger

The families of U.S. troops killed and wounded in Afghanistan are suing several companies that did reconstruction there. Why? These companies, they say, paid the Taliban protection money, which gave…

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Episode 130

Is Our Concept of Freedom All Wrong?

The economist Joseph Stiglitz has devoted his life to exposing the limits of markets. He tells Steve about winning an argument with fellow Nobel laureate Milton Friedman, why small governments…

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Episode 81

Why Is It So Hard to Talk About Money? (Replay)

What’s the connection between conversations about money and financial literacy? Could the taboo against talking about your salary be fading? And why did Angie’s teenage daughter call Vanguard to learn…

Can Economic Growth Continue Forever? Of Course!

…City. It’s a high-income place, and has for more than a century been a creative powerhouse: publishing, music, fashion, art, finance, software, you name it. But energy consumption per person…



The "Bottom Billion" Economist Answers Your Questions

Paul Collier Last week, we solicited your questions for award-winning Oxford University economist Paul Collier, author of The Bottom Billion and the just-published Wars, Guns, and Votes: Democracy in Dangerous…



Can Computers Replace Journalists?

…far, the software has been applied primarily to sports statistics, but Frankel sees applications in medicine, crime and finance as well. (Note to self: consider a new career, soon.) [%comments]…



A Postcard from Brookings: Wolfers Bids D.C. a Fond Farewell

…details about inequality, international trade, national accounting, government budgets, monetary policy, exchange rates, regulation, social policy, finance and the labor market. After this sort of exposure, it’s little surprise that…



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Episode 277

No Hollywood Ending for the Visual Effects Industry

In their chase for a global audience, American movie studios spend billions to make their films look amazing. But almost none of those dollars stay in America. What would it…

Crikey!

…a bet is framed. One is modern finance, while the other is a repugnant market. Both, of course, are simply state-contingent contracts. But I’m also confused for another reason. The…