Freakonomics Radio

Join Bjorn Basberg, a professor emeritus of economic history, and Jay Alabaster, an American journalist studying in Japan, as they dive into the controversial world of whaling. They explore why some countries, like Norway and Japan, continue this practice despite dwindling demand for whale products. Discover the rich historical context of whaling, the socio-economic factors influencing these traditions, and the complex interplay between conservation efforts and cultural significance. Alabaster shares insights from Taiji, revealing the nuanced perspectives in an ongoing debate.

Eric Hilt, an economic historian from Wellesley College, and Nathaniel Philbrick, a maritime writer from Nantucket, dive into the transformative power of the American whaling industry. They discuss how the U.S. emerged as a whaling titan and the cultural and economic ramifications of this early capitalist venture. The conversation touches on Nantucket's rise and fall, blending adventure with tragedy, and explores the ongoing implications of whaling practices today. Finally, they reveal surprising facts about whale products, including their unexpected uses in luxury perfumes.

John List, an economist and chief economist at Walmart, and Danny Meyer, founder of Union Square Hospitality Group and advocate for no-tipping policies, dive into the complexities of tipping in America. They explore the historical and cultural significance of tipping, revealing why it remains so entrenched. The discussion covers the effects of recent federal tax policies, the intricacies of tipping within the Uber ecosystem, and the growing movement to eliminate tips in restaurants. List and Meyer provide fascinating insights into the future of tipping and its implications for workers and consumers alike.

Steve Horenziak, president of the National Candle Association, shares insights on the booming $10 billion candle industry. Gökçe Günel, an anthropology professor, discusses the emotional and cultural ties we have to candles, even in a tech-driven world. Tim Cooper, a sustainable design expert, explores the dynamics of product lifespans and consumer behavior toward candles. Together, they unravel the allure of scented candles, their safety implications, and the complexities of planned obsolescence, emphasizing how these tiny fires continue to spark joy and nostalgia in our homes.

Antony Blinken, former U.S. Secretary of State, shares his profound insights on global diplomacy and international relations. He emphasizes the urgent need for a two-state solution in the Israeli-Palestinian conflict, while reflecting on his family's history that shaped his worldview. Blinken discusses the impact of State Department layoffs on U.S. diplomacy and the challenges posed by China and Iran. Our dialogue weaves through the tensions of partisanship and the hopeful potential for human decency, alongside personal experiences from his tenure in leadership.

Hal Weitzman, a Professor at the University of Chicago and editor-in-chief of Chicago Booth Review, dives deep into Delaware's corporate landscape. He discusses the reasons behind companies like Elon Musk's exiting the state. The conversation highlights Delaware’s unique legal frameworks allowing anonymity and its historical advantages in corporate law. Weitzman critiques the influence of a small group of lawyers and explores the implications of Delaware's laws on financial transparency and national corporate practices.

David Adjmi, a renowned playwright known for his play 'Stereophonic,' discusses the highs and lows of creativity. He reflects on overcoming polarizing criticism and the emotional toll of artistic struggle. The conversation dives into the financial hurdles of Broadway, contrasting it with London's theater scene. Adjmi also shares insights on the delicate dynamics of collaboration, the impact of casting choices, and the importance of resilience in maintaining artistic integrity amidst challenges. The discussion is both poignant and humorous, revealing the complexities of leading a creative life.

Kash Shaikh, co-founder of Baseball United, dives into the exciting potential of launching a baseball league in the cricket-loving region of Dubai. Simon Chadwick explores the geopolitical dynamics of Gulf states investing billions in sports, shaping global culture. Rory Smith discusses the complexities of sportswashing, while Derek Fisher shares insights on the NBA's expanding partnerships in the Gulf. The conversation uncovers how these investments are not just about sports but are redefining cultural and economic landscapes globally.

Maria Konnikova, a renowned author and psychologist, shares her transformation from a poker novice to a pro, emphasizing the blend of skill and luck in both poker and life. She discusses the importance of mentorship in mastering complex strategies and how personal experiences shape decision-making. The conversation explores the role of deception in negotiations and the impact of gender dynamics in competitive environments. With insights from game theory, Konnikova reveals how playing poker can illuminate critical lessons about self-control and navigating life's uncertainties.

Cory Booker, the Senior United States Senator from New Jersey, dives deep into the politics of hope and fear. He shares his experiences engaging with polarized constituents and emphasizes the need for common ground in democracy. The discussion touches on controversial bills affecting healthcare and the vital importance of reforms like the child tax credit. Booker also reflects on activism's resilience in the face of political challenges, urging public engagement and civil dialogue to navigate today's chaotic landscape.