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The Economics of Everyday Things

The Economics of Everyday Things
Author: Freakonomics Network & Zachary Crockett
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Who decides which snacks are in your office’s vending machine? How much is a suburban elm tree worth, and to whom? How did Girl Scout Cookies become a billion-dollar business? In bite-sized episodes, journalist Zachary Crockett looks at quotidian things and finds amazing stories.
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To get every show in the Freakonomics Radio Network without ads and a monthly bonus episode of Freakonomics Radio, start a free trial for SiriusXM Podcasts+ on Apple Podcasts or by visiting siriusxm.com/podcastsplus.
127 Episodes
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Pure maple syrup can be five times as expensive as “pancake syrup,” but maple farmers — and breakfast connoisseurs — say it’s worth it. Zachary Crockett pours it on thick. SOURCES:Emma Marvin, co-C.E.O. of Butternut Mountain Farm.David Marvin, founder of Butternut Mountain Farm. RESOURCES:"Crop Production," by National Agricultural Statistics Service (USDA, 2025)."Why Americans Overwhelmingly Prefer Fake Maple Syrup," by Christopher Ingraham (The Washington Post, 2015)."History of Maple," (UVM Libraries).Butternut Mountain Farm.
Why did it take so long to invent a longer-lasting bulb? Zachary Crockett finds the answer illuminating. SOURCES:Heather Dillon, mechanical engineering professor at the University of Washington in Tacoma.Jane Brox, author of the 2010 book Brilliant: The Evolution of Artificial Light.Markus Krajewski, philosopher and historian of technology at the University of Basel in Switzerland. RESOURCES:"Thomas Edison, tinkerer," by Eric Gilliam (Works in Progress, 2023)."It's Official: Stores Can No Longer Sell Most Incandescent Lights," by Hiroko Tabuchi (New York Times, 2023)."The Mystery of the Centennial Bulb: an Incandescent Light Bulb," by Martin Kykta (MAK Electro-Optics, 2021)."The Great Lightbulb Conspiracy," by Markus Krajewski (IEEE Spectrum, 2014)."Compact Fluorescent Lighting in America: Lessons Learned on the Way to Market," by L.J. Sandahl, T.L. Gilbride, M.R. Ledbetter, H.E. Steward, and C. Calwell (U.S. Department of Energy, 2006). EXTRAS:"Why Do Candles Still Exist?" by Freakonomics Radio (2025)."The Story of Byron the Bulb," by Thomas Pynchon (Gravity's Rainbow, 1973).
How do courts interpret those little icons on your phone? Zachary Crockett brings down the hammer. SOURCES:Eric Goldman, professor of law, associate dean for research, co-director at the High Tech Law Institute at the Santa Clara University School of Law. RESOURCES:"Canadian Court Rules 👍 Emoji Counts as a Contract Agreement," by Michael Levenson (New York Times, 2023)."Former Bed Bath & Beyond investor Ryan Cohen must face emoji-inspired shareholder suit," by Rob Wile (NBC News, 2023)."My Declaration Identifying Emoji Co. GmbH as a Possible Trademark Troll," by Eric Goldman (Technology & Marketing Blog, 2021)."Bardales v. Lamothe," by Middle District of Tennessee (2019)."Emojis and the Law," by Eric Goldman (Washington Law Review, 2018). EXTRAS:OpenMoji FAQ.
How do you turn an empty house into a buyer’s dream home? Zachary Crockett pulls back the curtain. SOURCES:Meredith Baer, founder of Meridith Baer Home.Cindy Lin, founder and lead instructor at Staged4more School of Home Staging.Karen Prince, author and home staging consultant. RESOURCES:"How Artificial Intelligence Is Changing the Real Estate Game," by Kate Dubinski (C.B.C. News, 2023)."Will Virtual Staging Replace Traditionally Staged Rooms?" by Barbara Ballinger (Realtor Magazine, 2022)."Open Houses and Sticky Fingers," by Alix Strauss (The New York Times, 2022)."Profile of Home Staging," by the National Association of Realtors Research Group (2021).Secrets of Home Staging: The Essential Guide to Getting Higher Offers Faster, by Karen Prince (2021)."How Meridith Baer Runs Her $100 Million Home Staging Business," by Jenna Wang (Forbes, 2019)."Designer Meridith Baer’s Home-Staging Empire Began With a Plant Storage Dilemma," by Arielle Paul (Los Angeles Times, 2019)."The Twilight Zone of Home Staging," by Peter Haldeman (The New York Times, 2016)."The Story Seller," by Mark Oppenheimer (The New York Times Magazine, 2009).Home Staging: The Winning Way to Sell Your House for More Money, by Barb Schwarz (2006).
They expose fraud, catch cheating spouses, and track down missing assets — but they don’t come cheap. Zachary Crockett takes the case. SOURCES:Ashley Wardlow, chief operating officer at Nathans Investigations. RESOURCES:"Eugène-François Vidocq and the Birth of the Detective," by Daisy Sainsbury (The Public Domain Review, 2024)."The Pinkerton Story - Chapter 1," (The Pinkerton Foundation, 2017)."Expectation of Privacy," (Cornell Law School Legal Information Institute)."Evidence & Private Investigators," (Dugas Law Firm). EXTRAS:"Private Investigation Equipment (Detective Store)."
There are now nearly 12,000 satellites orbiting Earth. What does it cost to put them there, and how do they make money? Zachary Crockett launches an investigation. SOURCES:Tim Farrar, president of TMF Associates.Rachel Jewett, managing editor of Via Satellite. RESOURCES:"How geostationary small satellites are providing strategic access to space," by Steve Collar (World Economic Forum, 2025)."State of the Satellite Industry Report," (Satellite Industry Association, 2025)."Elon Musk Dominates Space Launch. Rivals Are Calling Foul." by Eric Lipton (New York Times, 2024)."Kessler Syndrome and the space debris problem," by Mike Wall (Space, 2022)."BlackRock Says Satellite Images Can Help Track Chinese Companies," by Lisa Pham (Bloomberg, 2017).
How does a museum place a value on a priceless work of art? And how much does it cost to keep it safe? Zachary Crockett appraises the situation. SOURCES:Glenn Lowry, director of the Museum of Modern Art. RESOURCES:"Why Climate Activists Are Still Throwing Food and Paint at Famous Artworks," by Tala Ansari (Wall Street Journal, 2023)."The Woman Who Made van Gogh," by Russell Shorto (New York Times, 2021)."The Lillie P. Bliss collection," (MoMA Collection, 1934)."May Belfort," by Henri de Toulouse-Lautrec (Cleveland Museum of Art, 1895)."Still Life with a Bottle," by Paul Cézanne (Pola Museum, 1890)."The Starry Night," by Vincent Van Gogh (MoMA Collection, 1889)."Portrait of Victor Chocquet Seated," by Paul Cézanne (1877). EXTRAS:"Hotel Art," by The Economics of Everyday Things (2025)."The Hidden Side of the Art Market," by Freakonomics Radio (2021).
Performing for passersby takes more than talent. Buskers have to cope with hecklers, civic regulations, aggressive competitors — and uncertain pay. Zachary Crockett passes the hat. SOURCES:Brett Dallas, professional street performer. RESOURCES:"Differentiating busking from begging: A psychological approach," by Robbie Ho and Wing Tung Au (PLOS One, 2021)."Freeing Buskers’ Free Speech Rights: Impact of Regulations on Buskers’ Right to Free Speech and Expression," by John Juricich (Journal of Sports and Entertainment Law, 2017).Street Arts and Buskers Advocates.
They’ve long been associated with crime and blight. Now, the investors are moving in. Zachary Crockett follows the trail. SOURCES:Paul Bradley, president of ROC USA.Blaer Roberts, former chef and mobile home resident.Frank Rolfe, co-owner of Mobile Home University.Cheryl Streberger, retired nurse and mobile home resident. RESOURCES:"‘We’re All Afraid’: Massive Rent Increases Hit Mobile Homes," by Abha Bhattarai (The Washington Post, 2022)."Investors Are Buying Mobile Home Parks. Residents Are Paying a Price," by Sophie Kasakove (The New York Times, 2022)."Mobile Home Parks Move From Mom-and-Pop to Corporate," by Jennifer Brown and Kevin Simpson (A.P. News, 2019)."The Cold, Hard Lessons of Mobile Home U," by Gary Rivlin (The New York Times, 2014)."Goldman Alum Gives Up Funds to Become Trailer-Park Mogul," by Anthony Effinger and Katherine Burton (Bloomberg, 2014)."Carlyle Jumps Into Niche Space," by Dawn Wotapka (The Wall Street Journal, 2013).
What goes into creating an episode of The Economics of Everyday Things? And how do shows like this one make money? Zachary Crockett turns the mic on himself. SOURCES:Gabe Tartaglia, vice president of podcast and satellite monetization at SiriusXM.Gabe Roth, editorial director of the Freakonomics Radio Network.Sarah Lilley, senior producer of The Economics of Everyday Things.Jeremy Johnston, audio engineer at the Freakonomics Radio Network.Daniel Moritz-Rabson, fact-checker at the Freakonomics Radio Network. RESOURCES:"Digital Ad Revenue Surges 15% YoY in 2024, Climbing to $259B, According to IAB," (International Advertising Bureau, 2025)."Cost per Thousand (CPM) Definition and Its Role in Marketing," by Will Kenton (Investopedia, 2024)."Podcast Statistics You Need To Know," (Backlinko). APM Music — Licensing .
We send 10 billion of them every day. Where do they come from? Zachary Crockett hearts this topic. SOURCES:Jennifer 8. Lee, co-founder of Emojination. RESOURCES:"Apple Removes The Gun Emoji, Replaces It With A Squirt Gun," by Carl Franzen (Popular Science, 2021)."Ford’s secret fight for a pickup truck emoji," by Mark Dent (The Hustle, 2019)."The WIRED Guide to Emoji," by Arielle Pardes (WIRED, 2018)."How the iPhone won over Japan and gave the world emoji," by Sam Byford (The Verge, 2017)."About Emoji," (Unicode Consortium).
When security cameras and facial recognition tools fail, law enforcement investigators fall back on a witness's memory and an artist's hand. Zachary Crockett's nose was a little bigger than that. SOURCES:Lois Gibson, forensic artist.David Sarni, adjunct professor at John Jay College of Criminal Justice. RESOURCES:"Fighting Crime With Pencil and Paper," by J. David Goodman (New York Times, 2013)"Something Sketchy About Identifying Suspects," by Stephen Owsinski (National Police Association)."Forensic Art Certification Scope and Role," (International Association for Identification)."Forensice Art Composites," (Samantha Steinberg).
How does an industry built on roadside pop-ups make billions of dollars in two weeks of the year? Zachary Crockett gets pyrotechnical. SOURCES:Alex Zoldan, vice president of Phantom Fireworks. RESOURCES:Phantom Fireworks 2025 Wholesale Price List."The Explosive Growth Of The Fireworks Market," by Greg Rosalsky, Darian Woods, and Julian Ritchey (NPR, 2023)."Directory of State Laws for Consumer Fireworks," (American Pyrotechnics Association).
Why are these sudsy roadside stops one of the fastest growing industries in America? Zachary Crockett takes a look under the hood. RESOURCES:"Private Equity Wants to Wash Your Car," by Miriam Gottfried (The Wall Street Journal, 2022)."California Labor Commissioner Recovers $282,000 for Car Wash Wage Citations," State of California Department of Industrial Relations News Release (2022)."Sgt. Clean’s Future Shines Bright Thanks to Subscription Model, Strong Reputation," by Vince Guerrieri (Crain's Cleveland Business, 2018)."One California Drought Winner? The Local Car Wash," by Lauren Sommer (Marketplace, 2015).Sonny's CarWash College.
Americans take more than 20 billion elevator rides every year — and keeping them safe is an expensive proposition. Zachary Crockett makes small talk. SOURCES:Frank Christensen, president of the International Union of Elevators Constructors.Shannon Moore, service mechanic for the International Union of Elevator Constructors Local 8.Brian O'Connell, senior vice president of the Eastern U.S. at Otis Elevators.Stephen Smith, executive director of the Center for Building in North America. RESOURCES:"Elevators," by Stephen Smith (Center for Building in North America, 2024)."Elevator and Escalator Fact Sheet," (National Elevator Industry, 2020)."The Evolution of Elevators: Physical-Human Interface, Digital Interaction, and Megatall Buildings," by Stephen Nichols (Frontiers of Engineering, 2017).Lifted: A Cultural History of the Elevator, by Andreas Bernard (2014). EXTRAS:"Up and Then Down," by Nick Paumgarten (The New Yorker, 2008)."World's Tallest Towers."
Districts across the country are facing shortages of school bus drivers. Can technology help? Zachary Crockett takes a seat in the back. SOURCES:Keith Corso, co-founder and CEO of BusRight.Marc Medina, transportation supervisor for the Farmingdale School District in Long Island.Jada Melendez, school bus driver in Burlington County, New Jersey. RESOURCES:"How St. Louis parents are dealing with school bus driver shortages," by Gabrielle Hays (PBS, 2024)."The school bus driver shortage remains severe," by Sebastian Martinez Hickey and David Cooper (Economic Policy Institute, 2023)."‘End of the Line’: School Bus Industry in Crisis Because of the Coronavirus," by Pranshu Verma (New York Times, 2020).
Everyone loves to complain about it — but preparing a meal that tastes good at 35,000 feet is harder than you might think. Zachary Crockett will have the fish. SOURCES:Molly Brandt, innovation chef for North America at Gategroup.Chris Kinsella, chief commercial officer for North America at Gategroup.Guillaume de Syon, professor of history at Albright College. RESOURCES:"No Thanks, Grandma, I’m Saving Room for Airplane Food," by Christine Chung (New York Times, 2023)."The Golden Age of airplane food is over. The future: Snacks and sustainability." by Natalie Comptom (The Washington Post, 2019)."Why does food taste different on planes?" by Katia Moskvitch (BBC, 2015)."And to Penny-Pinching Wizardry," by Claudia Deutsch (New York Times, 2001)."The Pioneering Years: Commercial Aviation 1920–1930," by Rich Freeman (U.S. Centennial of Flight).
Every year, America celebrates its independence with millions of dollars worth of explosives imported from China. Zachary Crockett lights a fuse and backs away quickly. SOURCES:JJ Brau, fireworks coordinator for J&M Displays.Mark Johnson, vice president of J&M Displays. RESOURCES:"The explosive history of fireworks, from ancient China to Revolutionary America," by Joe Hernandez (NPR, 2024)."July 4 fireworks fiasco solved – technically," by Jonathan Horn (The San Diego Union-Tribune, 2016)."The Fireworks King," by Damian Paletta and Emily Rauhala (The Washington Post, 2018)."Exploding The Mystery Of Blue Fireworks," by Short Wave (2013)."How Do Fireworks Make Shapes?" by Natalie Wolchover (Live Science, 2011). EXTRAS:"Agreement Between The City of Rapid City and J&M Displays, Inc. for Annual Fireworks Displays" (2023).
These glistening round gemstones have come a long way since your grandmother's time, but procuring them is still a lot of work. The world is Zachary Crockett’s oyster. SOURCES:Jeremy Shepherd, C.E.O. of Pearl Paradise.James Brown, owner of Cygnet Bay Pearl Farm. RESOURCES:"Pearls Have Acquired a New Luster Among Young Designers," by Victoria Gomelsky (New York Times, 2024)."The Value of Pearls: A Historical Review and Current Trends," by Akitsugu Sato and Laurent Cartier (GemGuide, 2022)."From Single Source to Global Free Market: The Transformation of The Cultured Pearl Industry," by Russell Shor (Gems & Geology, 2007).
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. SOURCES:Linda Flanagan, author.Nick Mackenzie, future New York Yankees shortstop.R.J. Mackenzie, physical education teacher and baseball dad.John Miller, journalist and baseball coach. RESOURCES:"The Cost of Youth Baseball Is Getting Absurd," by Adam Minter (Bloomberg, 2024)."Perfect Game Sees Prosperity Thanks To New Investments In Youth Sports," by Wayne G. McDonnell, Jr. (Forbes, 2024)."How America Sold Out Little League Baseball," by John W. Miller (America Magazine, 2022)."In Youth Sports, Talent Helps but Money Rules," by Roman Stubbs (The Washington Post, 2022).Take Back the Game: How Money and Mania Are Ruining Kids Sports and Why It Matters, by Linda Flanagan (2022)."State of Youth Sports: Parents, Policymakers Better Appreciate Physical Activity, Face Barriers to Help Kids Play," by Jon Solomon (The Aspen Institute, 2022). EXTRA:Take Back the Game: How Money and Mania Are Ruining Kids Sports and Why It Matters, by Linda Flanagan (2022).
Love to learn how streaming works and makes money.
For more accurate context, listen to The Dollop, Ep. 356: The Resnicks: Water Monsters
is it morally okay to read books with sexually explicit content in public? I am sure it's not as bad as watching porn but, still.
I use the Paper Karma app to get rid of junk mail. It actually works pretty good. Use it in combination with something like DeleteMe and the junk eventually stops coming.
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only 30 episodes in and already doing replays
I find the topic of "The Economics of Everyday Things" absolutely fascinating. It's incredible how economic principles are woven into our daily lives without us even realizing it. From the cost of our morning coffee to the price fluctuations of gas, economics plays a significant role. https://soundcloud.com/customise-sticker Consider something as simple as supply and demand. The way prices for goods like smartphones or sneakers vary depending on their popularity among consumers is a prime example of how these principles work. And let's not forget about the concept of opportunity cost – the idea that when we make a choice, we're forgoing other potential options. This is evident when we decide to spend money on one thing, say a movie night, instead of saving for a future vacation. https://about.me/Customise-Sticker
I would have liked to hear a little more about what special numbers are out there that people try extra hard to get. does the number 42 sell for a high amount? what other ones?
fascinating story
Lawn "care" is 1000x more destructive to the environment than the deer.
fascinating topic, well done