In our latest Freakonomics Radio on Marketplace podcast, we look at the economics of charity — specifically, what works (and what doesn’t) when trying to incentivize people to give. (Download/subscribe at iTunes, get the RSS feed, listen live via the media player above, or read the transcript.)
In Australia, Dick Smith’s electronics empire has afforded him enough success to be able to donate about 20 percent of his annual income to charity. But, he says, this kind of generosity is no longer the norm:
Apparently, all information on the Web does not want to be free: the Wall Street Journal will not, as has been widely speculated, tear down its paywall entirely. Here’s what new WSJ owner Rupert Murdoch told his paper at Davos: “We are going to greatly expand and improve the free part of the Wall Street Journal online, but there will . . .
A few days ago, we solicited your questions for hedge fund manager Neil Barsky. As always, your questions were terrific, and so are Barsky’s answers, below. One thing that surprised me, however, is that nobody asked Barsky, a former Wall Street Journal reporter, what he thinks about Rupert Murdoch‘s purchase of the Journal (and the rest of Dow Jones). This . . .
Fortune Small Business reports that a feud is brewing between two companies that provide inflatable torsos to serve as movie extras in crowd scenes. Industry leader Inflatable Crowd is being sued by competitor Crowd in a Box over patent infringement, while the defendant’s owner claims he came up with the idea on his own. (Hat tip: the Wall Street Journal‘s . . .