579. Are You Caught in a Social Media Trap?

579. Are You Caught in a Social Media Trap?

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.

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599. The World's Most Valuable Unused Resource

599. The World's Most Valuable Unused Resource

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. SOURCES:Nathan Dietz, research ...

1 Aug 202440min

EXTRA: Why Rent Control Doesn’t Work (Update)

EXTRA: Why Rent Control Doesn’t Work (Update)

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. SOURCES:Tommy Andersson, prof...

29 Juli 202448min

598. Is Overconsolidation a Threat to Democracy?

598. Is Overconsolidation a Threat to Democracy?

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....

25 Juli 202437min

597. Why Do Your Eyeglasses Cost $1,000?

597. Why Do Your Eyeglasses Cost $1,000?

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 Parke...

18 Juli 202454min

EXTRA: People Aren’t Dumb. The World Is Hard. (Update)

EXTRA: People Aren’t Dumb. The World Is Hard. (Update)

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 ...

15 Juli 202453min

596. Farewell to a Generational Talent

596. Farewell to a Generational Talent

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...

11 Juli 202452min

595. Why Don't We Have Better Candidates for President?

595. Why Don't We Have Better Candidates for President?

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 ...

4 Juli 20241h 1min

594. Your Brand’s Spokesperson Just Got Arrested — Now What?

594. Your Brand’s Spokesperson Just Got Arrested — Now What?

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. SOURCES:John Cawley, profess...

27 Juni 202443min

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