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The Economics of Everyday Things

Brought to you by, Freakonomics Network & Zachary Crockett

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The Economics of Everyday Things

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. Join the Freakonomics Radio Plus membership program for weekly member-only episodes of Freakonomics Radio. You’ll also get every show in our network without ads. To sign up, visit our show page on Apple Podcasts or go to freakonomics.com/plus.

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Recent Episodes of The Economics of Everyday Things


57. Strippers

57. Strippers

Performing at a strip club can be lucrative, but it requires financial and psychological savvy — and an eye for social trends. Zachary Crockett takes a look.

 

SOURCES:Layla, stripper.Dave Manack, publisher and editor-in-chief of Exotic Dancer.

 

RESOURCES:"A Look at Washington State’s ‘Strippers’ Bill of Rights’," by Aimee Ortiz (The New York Times, 2024)."These L.A. Strippers Won a Union. But the Dance Isn’t Over," by Suhauna Hussain (Los Angeles Times, 2023)."Dancers at Northwest Portland Strip Club Vote to Form City’s First Strippers Union, Second in U.S.," by Kristine de Leon (The Ore...

Episode 57 22 July 2024 19m and 3s


56. Snake Venom

56. Snake Venom

Why does treating a venomous snake bite cost as much as a house? Zachary Crockett slithers over to North Carolina to find out.

 

SOURCES:Steve Anderson, emergency medicine business unit leader at BTG Pharmaceuticals.Nick Brandehoff, professor of emergency medicine at the University of Colorado and executive director of the Asclepius Snakebite Foundation.Sean Bush, emergency physician and president of the North American Society of Toxinology.Nitin Deshpande, business consultant with Premium Serums & Vaccines.Jack Facente, owner-operator of AGRITOXINS Venom Production Laboratory.

 

RESOURCES:"This New Antivenom Defangs the Toxins of Cobras, Black Mambas and Mo...

Episode 56 15 July 2024 22m and 20s


55. Direct-to-Consumer Mattresses

55. Direct-to-Consumer Mattresses

Online companies promised to bring transparency to the mattress-buying experience. Did that work out? Zachary Crockett takes a look under the sheets.

 

SOURCES:Derek Hales, founder and editor-in-chief of NapLab.com.Joe Megibow, C.E.O. of Casper Sleep.

 

RESOURCES:"Drake Has a $400,000 Bed − We Asked Why and Where You Can Buy It," by Emilia Hitching (Homes & Gardens, 2024)."Casper Tests a New Store Design as It Rethinks Its Retail Strategy," by Anna Hensel (Modern Retail, 2024)."Is The Direct-To-Consumer Bedding Business Turning Into A Bad Dream?" by Warren Shoulberg (Forbes, 2019).

 

EXTRAS:"Are We in a...

Episode 55 8 July 2024 21m and 21s


54. Ghostwriters

54. Ghostwriters

Channeling the voices of celebrities can be a lucrative career — one that requires empathy and discretion as well as literary chops. Zachary Crockett checks the acknowledgements.

 

SOURCES:Valerie Frankel, ghostwriter.Madeleine Morel, President and Lead Agent of 2M Communications.Daniel Paisner, ghostwriter.

 

RESOURCES:"Ghostwriting History: Churchill, Kennedy and the Authenticity of Authorship," by Andrew Mumford (The International History Review, 2024)."Column: How many ways can a political memoir backfire? Ask Kristi Noem," by Robin Abcarian (Los Angeles Times, 2024)."Notes from Prince Harry’s Ghostwriter," by J. R. Moehringer (The New Yorker, 2023)."Confessions of a Celebrity Ghostw...

Episode 54 1 July 2024 20m and 29s


53. Food Trucks

53. Food Trucks

How did mobile kitchens become popular with hipster gourmands? And just how much money can a popular truck make from a lunch shift? Zachary Crocket drops some napkins.

 

SOURCES:Mariel-Leona Edwards, senior operations manager for Señor Sisig.Matthew Geller, founding president of the National Food Truck Association and C.E.O. of the Southern California Mobile Food Vendors Association.Evan Kidera, C.E.O. and co-owner of Señor Sisig.

 

RESOURCES:"Seed Planted in SF State MBA Program Grows Into Mini-Filipino Food Empire," by Jamie Oppenheim (SF State News, 2022)."Inside Señor Sisig, the F...

Episode 53 24 June 2024 19m and 15s


52. Little League

52. Little League

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...

Episode 52 17 June 2024 21m and 8s


51. Wine Corks

51. Wine Corks

Why do we use a specific kind of tree-bark tissue to seal up 70 percent of wine bottles? Zachary Crockett takes a sniff and gives the waiter a nod.

 

SOURCES:Carlos De Jesus, director of communications at Amorim Cork.

 

RESOURCES:"This Ancient Material Is Displacing Plastics and Creating a Billion-Dollar Industry," by Marta Vidal (The Washington Post, 2024)."Troubled Times For Wine In 2023: Global Production And Consumption Shrinking," by Per and Britt Karlsson (Forbes, 2024)."Three Studies Take A Look At Various Wine Bottle Closure Preferences," by Thomas Pellechia (Forbes, 2019)."How Millennials (Almost) Killed the Wine Cork," by...

Episode 51 10 June 2024 16m and 25s


50. Self-Checkout

50. Self-Checkout

Grocery stores have turned shoppers into cashiers. Zachary Crockett runs two bags of chips and a Gatorade over the scanner.

 

SOURCES:Sara Alloy, experience retail lead for North America at Publicis Sapient.Christopher Andrews, professor of sociology at Drew University.Phil Lempert, founder and C.E.O. of SupermarketGuru.

 

RESOURCES:"Feeling Rewarded and Entitled to Be Served: Understanding the Influence of Self- Versus Regular Checkout on Customer Loyalty," by Farhana Nusrat and Yanliu Huang (Journal of Business Research, 2024)."It’s Not Just You: Self-Checkout Is Awful. These Retailers Finally Agree," by Sarah Bregel (Fast Comp...

Episode 50 3 June 2024 18m and 55s


Carnival Games (Replay)

Carnival Games (Replay)

Does anyone ever win the giant teddy bear? Zachary Crockett steps right up.

 

SOURCES:Matthew Gryczan, retired journalist and engineer.Elliot Simmons, former carnival game worker.Olivia Turner, general manager of Redbone Products.

 

RESOURCES:"AG Platkin Announces 10-Year Ban of Amusement Games Licenses and a Fine for Wildwood Games Operator," by the New Jersey Office of the Attorney General (2023)."N.H. Man Loses Life Savings on Carnival Game," (C.B.S. News Boston, 2013)."Carnival Games: Walking the Line Between Illegal Gambling and Amusement," by J. Royce Fichtner (Drake Law Review, 2012)."Carnivals: Law Enforcement on th...

Episode 13 27 May 2024 16m and 44s


49. Weather Forecasts

49. Weather Forecasts

With industries relying on them and profits to be made, weather forecasts are more precise and more popular than ever. But there are clouds on the horizon. Zachary Crockett grabs an umbrella.

 

SOURCES:Steve Adelman, head of Adelman Law Group, PLLC and vice president of the Event Safety Alliance.Peter Neilley, director of weather forecasting sciences and technologies for The Weather Company.

 

RESOURCES:"Traders Have Turned Betting on the Weather, a Technique Pioneered by Enron, Into a Booming $25 Billion Market," by Dylan Sloan (Fortune, 2024)."Why Your Weather Forecasts May Soon Become More Accurate," by Da...

Episode 49 20 May 2024 13m and 46s

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