2min chapter

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541. The Case of the $4 Million Gold Coffin

Freakonomics Radio

CHAPTER

The Economics of Antiquities

There's something called willful ignorance. Maybe that's the same as an ostrich. Is that a legal concept? Yes, and it was used in a prosecution of a very prominent New York dealer named Frederick Schulz. Museums are not the only buyers of antiquities; there are also plenty of private collectors. So they are creating the economic incentive to loot. And so these buyers in the West are creating the demand.

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