Freakonomics Radio

Macy’s wants to recapture its glorious past. The author of the Wimpy Kid books wants to rebuild his dilapidated hometown. We just want to listen in. (Part two of a two-part series, first published in 2024)

• SOURCES:
  • Mark Cohen, former professor and director of retail studies at Columbia Business School.
  • Will Coss, vice president and executive producer of Macy’s Studios.
  • Jeff Kinney, author, cartoonist, and owner of An Unlikely ...

The iconic department store 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: when it comes to parade economics, Macy’s is famously tight-lipped. In this 2024 episode, we try to loosen them up. (Part one of a two-part series.)

• SOURCES:
  • John Cheney, carpenter at Macy’s Studios.
  • Will Coss, vice president and executive producer of Macy’s Studios.
  • Jeff Kinn...

A Trump executive order is giving retail investors more access to private markets. Is that a golden opportunity — or fool’s gold?

• SOURCES:
  • Elisabeth de Fontenay, professor of law at Duke University.
  • Steven Kaplan, professor of entrepreneurship and finance at the University of Chicago.

• RESOURCES:
  • "Democratizing Access to Alternative Assets for 401(k) Investors," (The White House, 2025).
  • "The (Heterogeneous) Eco...

Thoroughbred auction prices keep setting records. But tracks are closing, gambling revenues are falling, and the sport is increasingly reliant on subsidies. Is that the kind of long shot anybody wants? (Part three of a series, “The Horse Is Us.”)

• SOURCES:
  • Anne Archer Hinkle, owner and director of Hinkle Farms.
  • Cormac Breathnach, senior director of sales operations at Keeneland.
  • Emily Plant, thoroughbred researcher and statisti...

The world has changed a good bit since Freakonomics was first published. In this live anniversary episode, Stephen Dubner tells Geoff Bennett of PBS NewsHour everything he has learned since then. Happy birthday, Freakonomics.

• SOURCES:
  • Geoff Bennett, co-anchor and co-managing editor of PBS News Hour.

• RESOURCES:
  • Freakonomics Twentieth Anniversary Edition: A Rogue Economist Explores the Hidden Side of Everythin...

How does Kentucky keep itself atop the thoroughbred industry? Is a champion stallion really worth $200,000 per date? And how many hands can one jockey have? (Part two of a series, “The Horse Is Us.”)

• SOURCES:
  • Emily Plant, thoroughbred researcher and statistician.
  • Jill Stowe, professor of economics at the University of Kentucky.
  • Mark Taylor, president of Taylor Made Farm.
  • Oscar Gonzales, vice chair of the California Horse Racing...

For most of human history, horsepower made the world go. Then came the machines. So why are there still seven million horses in America? (Part one of a series, “The Horse Is Us.”)

• SOURCES:
  • Ann N. Greene, historian of 19th century America, retired professor at the University of Pennsylvania.
  • Constance Hunter, chief economist at the Economist Intelligence Unit.
  • Elizabeth Bortuzzo, professional horse rider.
  • Mark Paul, professor of...

Spotify, Oracle, and Comcast have each recently announced they’re going with co-C.E.O.s. In this 2023 episode, we dig into the research and hear firsthand stories of triumph and disaster. Also: lessons from computer programmers, Simon and Garfunkel, and bears versus alligators.  

• SOURCES:
  • Jim Balsillie, retired chairman and co-C.E.O. of Research In Motion.
  • Mike Cannon-Brookes, co-founder and C.E.O. of Atlassian.
  • Scott Farquhar...

The U.S. has a physician shortage, created in part by a century-old reform that shut down bad medical schools. But why haven’t we filled the gap? Why are some physicians so unhappy? And which is worse: a bad doctor or no doctor at all?

• SOURCES:
  • Karen Clay, professor of economics and public policy at Carnegie Mellon University.
  • Rochelle Walensky, physician-scientist and former director of the CDC.

• RESOURCES:
  • "...

For the 20th anniversary of Freakonomics, Debbie Millman of Design Matters interviews Stephen Dubner about his upbringing, his writing career, and why it's important to “swing your swing.” Plus: a sneak peek at a new project.

• SOURCES:
  • Debbie Millman, writer and host of Design Matters with Debbie Millman.

• RESOURCES:
  • "Stephen J. Dubner," by Design Matters with Debbie Millman (2025).
  • Turbulent Souls: A Catholic ...

Arthur Brooks, an economist and former head of the American Enterprise Institute, believes that there is only one remedy for our political polarization: love. In this 2021 episode, we ask if Brooks is a fool for thinking this — and if perhaps you are his kind of fool?

• SOURCES:
  • Arthur Brooks, professor of public and nonprofit leadership at Harvard University.

• RESOURCES:
  • “Vital Statistics on Congress,” by Moll...

Soccer leagues around the world use a promotion-and-relegation system to reward the best teams and punish the worst. We ask whether American sports fans would enjoy a similar system. (Part two of a two-part series.)

• SOURCES:
  • Domonique Foxworth, sports analyst and former N.F.L. player.
  • Stefan Szymanski, professor of sport management at the University of Michigan.
  • Victor Matheson, professor of economics at the College of the Hol...

The N.F.L. is a powerful cartel with imperial desires. College football is about to undergo a financial reckoning. So maybe they should team up? (Part one of a two-part series.)

• SOURCES:
  • DeMaurice Smith, former executive director of the National Football League Players Association.
  • Domonique Foxworth, sports analyst and former N.F.L. player.
  • Jeffrey Kessler, partner at the law firm of Winston & Strawn.
  • Oliver Luck, sports execu...

In this episode we first published in 2021, the political scientist Yuen Yuen Ang argues that different forms of government create different styles of corruption — and that the U.S. and China have more in common than we’d like to admit.

• SOURCES:
  • Yuen Yuen Ang, professor of political science at Johns Hopkins University.

• RESOURCES:
  • "China’s Anti-Graft Show Is Educational, With Unintended Lessons," by Li Yuan (...

In his new book “Breakneck,” Dan Wang argues that the U.S. has a lot to learn from China. He also says that “no two peoples are more alike.” We have questions.

• SOURCES:
  • Dan Wang, research fellow at the Hoover Institution at Stanford University, author of Breakneck: China's Quest to Engineer the Future.

• RESOURCES:
  • Breakneck: China's Quest to Engineer the Future, by Dan Wang (2025).
  • The Anaconda in the Chandeli...

A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from 2016 for a potential solution.

• SOURCES:
  • Erik Brynjolfsson, professor of economics at Stanford University.
  • Evelyn Forget, professor of economics and community health sciences at the University of Manitoba.
  • Sam Altman, C.E.O. of OpenAI.
  • Robert Gordon, professor ...

What does it take to “play 3D chess at 250 miles an hour”? And how far will $12.5 billion of “Big, Beautiful” funding go toward modernizing the F.A.A.? (Part two of a two-part series.)

• SOURCES:
  • David Strayer, professor of cognition and neural science at the University of Utah.
  • Dorothy Robyn, senior fellow at I.T.I.F.
  • Ed Bastian, C.E.O. of Delta Airlines.
  • Ed Bolen, president and C.E.O. of the National Business Aviation Associati...

Flying in the U.S. is still exceptionally safe, but the system relies on outdated tech and is under tremendous strain. Six experts tell us how it got this way and how it can (maybe) be fixed. (Part one of a two-part series.)

• SOURCES:
  • Dorothy Robyn, senior fellow at I.T.I.F.
  • Ed Bastian, C.E.O. of Delta Airlines.
  • John Strong, professor of finance and economics at the William and Mary School of Business.
  • Kenneth Levin, retired air...

Patrick Deneen, a political philosopher at Notre Dame, says yes. He was a Democrat for years, and has now come to be seen as an “ideological guru” of the Trump administration. But that only tells half the story ...

• SOURCES:
  • Patrick Deneen, professor of political science at the University of Notre Dame.

• RESOURCES:
  • "The Ideological Gurus Battling for the Soul of Trump World," by Joshua Chaffin and Zusha Elinso...