Freakonomics Radio

The 166-year-old chain, which is fighting extinction, calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker. At least we think it is — Macy’s is famously tight-lipped about parade economics. We try to loosen them up. (Part one of a two-part series.)

It’s true that robots (and other smart technologies) will kill many jobs. It may also be true that newer collaborative robots (“cobots”) will totally reinvigorate how work gets done. That, at least, is what the economists are telling us. Should we believe them?

After a dramatic election, Donald Trump has returned from exile. We hear what to expect at home and abroad — and what to do if you didn’t vote for Trump.

Some people want the new cannabis economy to look like the craft-beer movement. Others are hoping to build the Amazon of pot. And one expert would prefer a government-run monopoly. We listen in as they fight it out. (Part four of a four-part series.)

Chris Weld worked for years in emergency rooms, then ditched that career and bought an old farm in Massachusetts. He set up a distillery and started making prize-winning spirits. When cannabis was legalized, he jumped into that too — and the first few years were lucrative. But now? It turns out that growing, processing, and selling weed is more complicated than it looks. He gave us the grand tour. (Part three of a four-part series.)

With abortion on the Nov. 5 ballot, we look back at Steve Levitt’s controversial research about an unintended consequence of Roe v. Wade.

There are a lot of reasons, including heavy regulations, high taxes, and competition from illegal weed shops. Most operators are losing money and waiting for Washington to get out of the way. In the meantime, it’s not that easy being green. (Part two of a four-part series.)

We have always been a nation of drinkers — but now there are more daily users of cannabis than alcohol. Considering alcohol’s harms, maybe that’s a good thing. But some people worry that the legalization of cannabis has outpaced the research. (Part one of a four-part series.)

Are betting markets more accurate than polls? What kind of chaos would a second Trump term bring? And is U.S. democracy really in danger, or just “sputtering on”? (Part two of a two-part series.)

Sure, we all pay lip service to the Madisonian system of checks and balances. But presidents have been steadily expanding the reach of the job. With an election around the corner, we updated our 2016 conversation with the legal scholar Eric Posner — who has some good news and some not-so-good news about the power of the presidency. (Part one of a two-part series.)

Sixty percent of the jobs that Americans do today didn’t exist in 1940. What happens as our labor becomes more technical and less physical? And what kinds of jobs will exist in the future?

His research on police brutality and school incentives won him acclaim, but also enemies. He was suspended for two years by Harvard, during which time he took a hard look at corporate diversity programs. As a follow-up to our recent series on the Rooney Rule, we revisit our 2022 conversation with the controversial economist.

What happened when the Rooney Rule made its way from pro football to corporate America? Some progress, some backsliding, and a lot of controversy. (Second in a two-part series.)

The biggest sports league in history had a problem: While most of its players were Black, almost none of its head coaches were. So the N.F.L. launched a hiring policy called the Rooney Rule. In the first episode of a two-part series, we look at how the rule succeeded — until it failed.

We revisit an episode from 2016 that asks: Has our culture’s obsession with innovation led us to neglect the fact that things also need to be taken care of?

Young people have been reporting a sharp rise in anxiety and depression. This maps neatly onto the global rise of the smartphone. Some researchers are convinced that one is causing the other. But how strong is the evidence?

Only a tiny number of “supertaskers” are capable of doing two things at once. The rest of us are just making ourselves miserable, and less productive. How can we put the — hang on a second, I've just got to get this. Come see Stephen Dubner live! “A Questionable Evening: A strategic interrogation from two people who ask questions for a living,” featuring Stephen Dubner and PJ Vogt from Search Engine. Thursday, Sept. 26th, at the Bell House in Brooklyn, NY. https://www.eventbrite.com/e/a-questionable-evening-evening-with-stephen-dubner-and-pj-vogt-tickets-1002544747327

Educators and economists tell us all the reasons college enrollment has been dropping, especially for men, and how to stop the bleeding. (Part 3 of our series from 2022, “Freakonomics Radio Goes Back to School.”)

Stephen Dubner appears as a guest on "Fail Better," a new podcast hosted by David Duchovny. The two of them trade stories about failure, and ponder the lessons that success could never teach.

America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of our series from 2022, “Freakonomics Radio Goes Back to School.”)

We think of them as intellectual enclaves and the surest route to a better life. But U.S. colleges also operate like firms, trying to differentiate their products to win market share and prestige points. In the first episode of a special series originally published in 2022, we ask what our chaotic system gets right — and wrong. (Part 1 of “Freakonomics Radio Goes Back to School.”)

There are a lot of factors that go into greatness, many of which are not obvious. As the Olympics come to a close, we revisit a 2018 episode in which top athletes from a variety of sports tell us how they made it, and what they sacrificed.

Tania Tetlow, a former federal prosecutor and now the president of Fordham University, thinks the modern campus could use a dose of old-fashioned values.

It’s not oil or water or plutonium — it’s human hours. We've got an idea for putting them to use, and for building a more human-centered economy. But we need your help.

A new proposal from the Biden administration calls for a nationwide cap on rent increases. Economists think that’s a terrible idea. We revisit a 2019 episode to hear why.

That’s the worry. Even the humble eyeglass industry is dominated by a single firm. We look into the global spike in myopia, how the Lemtosh got its name, and what your eye doctor knows that you don’t. (Part two of a two-part series.)

A single company, EssilorLuxottica, owns so much of the eyewear industry that it’s hard to escape their gravitational pull — or their “obscene” markups. Should regulators do something? Can Warby Parker steal market share? And how did Ray-Bans become a luxury brand? (Part one of a two-part series.)

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. In an interview from 2018, 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.

Daniel Kahneman left his mark on academia (and the real world) in countless ways. A group of his friends and colleagues recently gathered in Chicago to reflect on this legacy — and we were there, with microphones.

American politics is trapped in a duopoly, with two all-powerful parties colluding to stifle competition. We revisit a 2018 episode to explain how the political industry works, and talk to a reformer (and former presidential candidate) who is pushing for change.

It’s hard to know whether the benefits of hiring a celebrity are worth the risk. We dig into one gruesome story of an endorsement gone wrong, and find a surprising result.

Broadway operates on a winner-take-most business model. A runaway hit like "Stereophonic" — which just won five Tony Awards — will create a few big winners. But even the stars of the show will have to go elsewhere to make real money. (Part two of a two-part series.)

The Berlin dance mecca Berghain is known for its eight-hour line and inscrutable door policy. PJ Vogt, host of the podcast "Search Engine," joins us to crack the code. It has to do with Cold War rivalries, German tax law, and one very talented bouncer.

Hit by Covid, runaway costs, and a zillion streams of competition, serious theater is in serious trouble. A new hit play called "Stereophonic" — the most Tony-nominated play in history — has something to say about that. We speak with the people who make it happen every night. (Part one of a two-part series.)

Every December, a British man named Tom Whitwell publishes a list of 52 things he’s learned that year. These fascinating facts reveal the spectrum of human behavior, from fraud and hypocrisy to Whitwell’s steadfast belief in progress. Should we also believe?

An update of our 2020 series, in which we spoke with physicians, researchers, and addicts about the root causes of the crisis — and the tension between abstinence and harm reduction.

Thanks to legal settlements with drug makers and distributors, states have plenty of money to boost prevention and treatment. Will it work? (Part two of a two-part series.)

Most epidemics flare up, do their damage, and fade away. This one has been raging for almost 30 years. To find out why, it’s time to ask some uncomfortable questions. (Part one of a two-part series.)

Presenting two stories from "The Economics of Everyday Things": Why does it seem like every car is black, white, or gray these days? And: How self-storage took over America.

The economist and social critic Glenn Loury has led a remarkably turbulent life, both professionally and personally. In a new memoir, he has chosen to reveal just about everything. Why?

The employee ownership movement is growing, and one of its biggest champions is also a private equity heavyweight. Is this meaningful change, or just window dressing?

From politics and economics to psychology and the arts, many of the modern ideas we take for granted emerged a century ago from a single European capital. In this episode of the Freakonomics Radio Book Club, the historian Richard Cockett explores all those ideas — and how the arrival of fascism can ruin in a few years what took generations to build.

Five years ago, we published an episode about the boom in home DNA testing kits, focusing on the high-flying firm 23andMe and its C.E.O. Anne Wojcicki. Their flight has been extremely bumpy since then. This update includes an additional interview with the Wall Street Journal reporter who has been investigating the firm’s collapse.

Justin Trudeau, facing record-low approval numbers, is doubling down on his progressive agenda. But he is so upbeat (and Canada-polite) that it’s easy to miss just how radical his vision is. Can he make it work?

So you want to help people? That’s great — but beware the law of unintended consequences. Three stories from the modern workplace.

The psychologist Daniel Kahneman — a Nobel laureate and the author of “Thinking, Fast and Slow” — recently died at age 90. Along with his collaborator Amos Tversky, he changed how we all think about decision-making. The journalist Michael Lewis told the Kahneman-Tversky story in a 2016 book called "The Undoing Project." In this episode, Lewis explains why they had such a profound influence.

People who are good at their jobs routinely get promoted into bigger jobs they’re bad at. We explain why firms keep producing incompetent managers — and why that’s unlikely to change.

Fareed Zakaria says yes. But it’s not just political revolution — it’s economic, technological, even emotional. He doesn’t offer easy solutions but he does offer some hope.

The political debates over immigration can generate a lot of fuzzy facts. We wanted to test Americans’ knowledge — so, to wrap up our special series on immigration, we called some Freakonomics Radio listeners and quizzed them.

As the U.S. tries to fix its messy immigration system, our neighbor to the north is scooping up more talented newcomers every year. Are the Canadians stealing America’s bacon? (Part three of a three-part series.)

The U.S. immigration system is a massively complicated machine, with a lot of worn-out parts. How to fix it? Step one: Get hold of some actual facts and evidence. (We did this step for you.) (Part two of a three-part series.)

She arrived in the U.S. as an 11-year-old refugee, then rose to become Secretary of State. Her views on immigration, nationalism, and borders, from this 2015 interview, are almost strangely appropriate to the present moment.

How did a nation of immigrants come to hate immigration? We start at the beginning, sort through the evidence, and explain why your grandfather was lying about Ellis Island. (Part one of a three-part series.)

Economists have discovered an odd phenomenon: many people who use social media (even you, maybe?) wish it didn’t exist. But that doesn’t mean they can escape.

In ancient Rome, it was bread and circuses. Today, it’s a World Cup, an Olympics, and a new Saudi-backed golf league that’s challenging the PGA Tour. Can a sporting event really repair a country’s reputation — or will it trigger the dreaded Streisand Effect? Also: why the major U.S. sports leagues are warming up to the idea of foreign investment.

What surprises lurk in our sewage? How did racist city planners end up saving Black lives? Why does Arizona grow hay for cows in Saudi Arabia? Three strange stories about the most fundamental substance we all take for granted.

It used to feel like magic. Now it can feel like a set of cheap tricks. Is the problem with Google — or with us? And is Google Search finally facing a real rival, in the form of A.I.-powered “answer engines”?

A wide-open conversation with three women who guided Richard Feynman through some big adventures at the Esalen Institute. (Part of our Feynman series.)

In his final years, Richard Feynman's curiosity took him to some surprising places. We hear from his companions on the trips he took — and one he wasn’t able to. (Part three of a three-part series.)

What happens when an existentially depressed and recently widowed young physicist from Queens gets a fresh start in California? We follow Richard Feynman out west, to explore his long and extremely fruitful second act. (Part two of a three-part series.)

They’re heading to the Super Bowl for the second time in five years. But back in 2018, they were coming off a long losing streak — and that’s the year we sat down with 49ers players, coaches, and executives to hear their turnaround plans. It’s probably time to consider the turnaround a success.

From the Manhattan Project to the Challenger investigation, the physicist Richard Feynman loved to shoot down what he called “lousy ideas.” Today, the world is awash in lousy ideas — so maybe it’s time to get some more Feynman in our lives? (Part one of a three-part series.)

Michael Roth of Wesleyan University doesn’t hang out with other university presidents. He also thinks some of them have failed a basic test of good sense and decency. It’s time for a conversation about college, and courage.

We all like to throw around terms that describe human behavior — “bystander apathy” and “steep learning curve” and “hard-wired.” Most of the time, they don’t actually mean what we think they mean. But don’t worry — the experts are getting it wrong, too.

Probably not — the incentives are too strong. Scholarly publishing is a $28 billion global industry, with misconduct at every level. But a few reformers are gaining ground. (Part 2 of 2)

Some of the biggest names in behavioral science stand accused of faking their results. Last year, an astonishing 10,000 research papers were retracted. We talk to whistleblowers, reformers, and a co-author who got caught up in the chaos. (Part 1 of 2)

In a special episode of The Economics of Everyday Things, host Zachary Crockett explains what millennials do to show they care, how corrugated cardboard keeps your food warm, and why every city has a billboard for a guy who calls himself “The Hammer.”

In a special episode of People I (Mostly) Admire, Steve Levitt talks to Cat Bohannon about her new book "Eve: How the Female Body Drove 200 Million Years of Human Evolution."

In a special episode of No Stupid Questions, Angela Duckworth and Mike Maughan talk about unfinished tasks, recurring arguments, and Irish goodbyes.

Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama.

In policing, as in most vocations, the best employees are often promoted into leadership without much training. One economist thinks he can address this problem — and, with it, America’s gun violence.

It boosts economic opportunity and social mobility. It’s good for the environment. So why do we charge people to use it? The short answer: it’s complicated. Also: We talk to the man who gets half the nation’s mass-transit riders where they want to go (most of the time).

Most industries have become more productive over time. But not construction! We identify the causes — and possible solutions. (Can you say ... “prefab”?)

Pro footballer and star podcaster Jason Kelce is ubiquitous right now (almost as ubiquitous as his brother and co-host Travis, who's been in the limelight for his relationship with Taylor Swift). After you hear this wide-ranging interview, you might want even more Kelce in your life.

They say they make companies more efficient through savvy management. Critics say they bend the rules to enrich themselves at the expense of consumers and employees. Can they both be right? (Probably not.)

Evidence from Nazi Germany and 1940’s America (and pretty much everywhere else) shows that discrimination is incredibly costly — to the victims, of course, but also the perpetrators. One modern solution is to invoke a diversity mandate. But new research shows that’s not necessarily the answer.

Everyone makes mistakes. How do you learn from them? Lessons from the classroom, the Air Force, and the world’s deadliest infectious disease.

Giving up can be painful. That's why we need to talk about it. Today: stories about glitchy apps, leaky paint cans, broken sculptures — and a quest for the perfect bowl of ramen.

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.

We tend to think of tragedies as a single terrible moment, rather than the result of multiple bad decisions. Can this pattern be reversed? We try — with stories about wildfires, school shootings, and love.

Claudia Goldin is the newest winner of the Nobel Prize in Economics. We spoke with her in 2016 about why women earn so much less than men — and how it’s not all explained by discrimination.

John Ray is an emergency C.E.O., a bankruptcy expert who takes over companies that have succumbed to failure or fraud. He’s currently cleaning up the mess left by alleged crypto scammer Sam Bankman-Fried. And he loves it.

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 from computer programmers, Simon and Garfunkel, and bears versus alligators.

In her new book "The Two-Parent Privilege," the economist Melissa Kearney says it’s time for liberals to face the facts: U.S. marriage rates have plummeted but the babies keep coming, and the U.S. now leads the world in single-parent households. Plus: our friends at "Atlas Obscura" explore just how many parents a kid can have.

The union that represents N.F.L. players conducted their first-ever survey of workplace conditions, and issued a report card to all 32 teams. What did the survey reveal? Clogged showers, rats in the locker room — and some helpful insights for those of us who don’t play pro football.

For all the speculation about the future, A.I. tools can be useful right now. Adam Davidson discovers what they can help us do, how we can get the most from them — and why the things that make them helpful also make them dangerous. (Part 3 of "How to Think About A.I.")

Guest host Adam Davidson looks at what might happen to your job in a world of human-level artificial intelligence, and asks when it might be time to worry that the machines have become too powerful. (Part 2 of "How to Think About A.I.")

Artificial intelligence, we’ve been told, will destroy humankind. No, wait — it will usher in a new age of human flourishing! Guest host Adam Davidson (co-founder of "Planet Money") sorts through the big claims about A.I.'s future by exploring its past and present — and whether it has a sense of humor. (Part 1 of "How to Think About A.I.")

The famously profane politician and operative is now U.S. ambassador to Japan, where he’s trying to rewrite the rules of diplomacy. But don’t worry: When it comes to China, he’s every bit as combative as you’d expect.

Americans are so accustomed to the standard intersection that we rarely consider how dangerous it can be — as well as costly, time-wasting, and polluting. Is it time to embrace the lowly, lovely roundabout?

Bjorn Andersen killed 111 minke whales this season. He tells us how he does it, why he does it, and what he thinks would happen if whale-hunting ever stopped. (This bonus episode is a follow-up to our series “Everything You Never Knew About Whaling.")

In three stories from our newest podcast, host Zachary Crockett digs into sports mascots, cashmere sweaters, and dinosaur skeletons.

In the final episode of our whale series, we learn about fecal plumes, shipping noise, and why "Moby-Dick" is still worth reading. (Part 3 of "Everything You Never Knew About Whaling.")

For years, whale oil was used as lighting fuel, industrial lubricant, and the main ingredient in (yum!) margarine. Whale meat was also on a few menus. But today, demand for whale products is at a historic low. And yet some countries still have a whaling industry. We find out why. (Part 2 of “Everything You Never Knew About Whaling.”)

Whaling was, in the words of one scholar, “early capitalism unleashed on the high seas.” How did the U.S. come to dominate the whale market? Why did whale hunting die out here — and continue to grow elsewhere? And is that whale vomit in your perfume? (Part 1 of “Everything You Never Knew About Whaling.”)

Actually, the reasons are pretty clear. The harder question is: Will we ever care enough to stop?

Sure, you were “in love.” But economists — using evidence from "Bridgerton" to Tinder — point to what’s called “assortative mating.” And it has some unpleasant consequences for society.

But as C.E.O. of the resurgent Microsoft, he is firmly at the center of the A.I. revolution. We speak with him about the perils and blessings of A.I., Google vs. Bing, the Microsoft succession plan — and why his favorite use of ChatGPT is translating poetry.

Probably not. The economist Kelly Shue argues that E.S.G. investing just gives more money to firms that are already green while depriving polluting firms of the financing they need to get greener. But she has a solution.