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209. Make Me a Match

Freakonomics Radio

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What Is the Best Way to Get a Job?

In a typical market, for whatever reason, supply is not allowed to naturally meet demand with price as the arbiter. But there are some transactions where money cannot do what it does in a typical market. This is sometimes called a matching market. And i like to think of matching markets as markets where you can't just choose what you want, even if you can afford it. You also have to be chosen. The current system is called the national resident matching programm. So i got involved in helping it during a crisis in the 19 nineties. It's very important to doctors where they get their internship and residency. And it’s very important to hospitals, because the interns and

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