5min chapter

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480. How Much Does Discrimination Hurt the Economy?

Freakonomics Radio

CHAPTER

Is It a Penance for Being Born German?

The removal of jewish business executives in germany was, in essence, a perverse sort of natural experiment that allowed huber and his co authors to address two issues economists are always thinking about. Irst, what are the effects of discrimination on the economy in general? And second, how much does a given senior executive actually matter to the success of a firm? I often use the sports analogy you can think of, you know, the nba janas place for the bux. How important are these individuals to team performance versus tay tis play for good teams, and that's why their teams do well?"

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