Freakonomics Radio

Cecilia Rouse, the first Black chair of the White House Council of Economic Advisors and professor at Princeton, shares her insights on economic policy that genuinely benefits people. She discusses President Biden’s ambitious plans to reshape the economy post-pandemic, emphasizing the need to address rising inequality and support communities of color. Rouse also highlights the complex supply chain challenges and the importance of blending evidence-based policies with political instinct to create equitable economic outcomes.

Bapu Jena, a Harvard physician and economist, dives into the intriguing world of healthcare with a new podcast series. He reveals surprising truths about marathons and their unexpected dangers, particularly how they can delay emergency medical care during crucial moments. With a unique perspective on the intersection of medicine and economics, Jena shares personal anecdotes and insights into healthcare policy, sparking discussions about ethics and standards in urgent situations. This dynamic blend of knowledge promises to keep listeners engaged and informed.

Morris Davis, an economist at Rutgers University specializing in real estate, and Raj Chaudhuri, a Harvard Business School professor researching the future of work, delve into the lasting effects of the pandemic on work dynamics. They discuss how productivity fluctuates in remote settings and the growing complexity of urban living. Insights reveal a potential shift towards hybrid work models, emphasizing the benefits of flexibility and inclusivity. However, they also caution about the increasing income inequality highlighted by the work-from-home trend.

Robert Cialdini, a renowned social psychologist and author of the classic book "Influence," shares insights into the psychology of persuasion. He reveals the seven mental shortcuts that drive our decisions and behavioral patterns. Cialdini emphasizes the ethical implications of persuasive techniques, particularly in high-stakes scenarios like healthcare. He discusses concepts like reciprocity and social proof, illustrating how our perceptions can be swayed by authority and commitment, while highlighting the fine line between influence and manipulation.

Elizabeth Semelhack, a shoe history expert, joins Harvard scholars Dan Lieberman and Irene Davis, along with podiatrist Howard Osterman, to explore the evolution and impact of footwear on human health. They challenge the idea that shoes are essential, discussing the benefits of barefoot running and the health risks of modern designs. Topics range from the historical roots of shoe fashion to the anatomy of our feet and their untapped capabilities. The conversation reveals how footwear choices affect foot health and well-being.

Andrew Yang, an entrepreneur and former presidential candidate known for advocating human-centered capitalism, discusses his vision for New York City's future. He tackles the pressing economic challenges post-COVID, from reviving tourism to supporting small businesses. Yang shares insights on innovative ideas like the Freedom Dividend and emphasizes the importance of community engagement in governance. He also addresses the dynamics of the mayoral race, tackling challenges as a frontrunner while promoting ranked choice voting to inspire democratic participation.

In this engaging discussion, MIT labor economist David Otter, CEO James Rosenman, and Stanford economist Karen Eggleston explore the complex interplay between robots and the labor market. They dive into how collaborative robots are transforming patient care in nursing homes, particularly in Japan. The conversation highlights both the potential for automation to improve efficiency and the risks of job displacement. They also consider the societal implications of a future where human roles evolve alongside technology, emphasizing the necessity for adaptive education and policies.

Jacob Vigdor, an economist at the University of Washington, shares insights from his Seattle study on minimum wage increases. He discusses the paradox of rising wages yet reduced hours worked, igniting a fiery debate on the federal minimum wage. Listeners learn about the historical context and complexity surrounding a proposed $15 wage. The conversation touches on how higher wages might lead to job losses, automation, and differing impacts on various worker demographics. Vigdor sheds light on the broader implications for poverty alleviation amidst the economic chaos.

Catherine McLean, an economist at Temple University, dives into the effects of marijuana legalization on older workers. She discusses how marijuana could improve health and productivity, potentially easing barriers in workers' compensation claims. The conversation compares marijuana to alcohol, questioning societal perceptions and regulatory impacts. McLean also examines the economic benefits seen in states like Colorado and the implications for health management among older adults, urging a nuanced view of legalization.

In this engaging conversation, Steve Levitt, an economist at the University of Chicago, and Angela Duckworth, a psychologist at the University of Pennsylvania, explore the intersection of psychology and goal setting. Steve admits his unfamiliarity with psychology but dives into discussions on goal conflict. They examine the balance of grit, perseverance, and meaningful goals, especially in parenting. Insights into nurturing self-esteem and the dynamics of personal identity provide listeners with valuable tools for aligning life goals for greater fulfillment.