The Economics of Everyday Things  By  cover art

The Economics of Everyday Things

By: Freakonomics Network & Zachary Crockett
  • Summary

  • Who decides which snacks are in your office’s vending machine? How much is a suburban elm tree worth, and to whom? How did Girl Scout Cookies become a billion-dollar business? In bite-sized episodes, journalist Zachary Crockett looks at quotidian things and finds amazing stories. Join the Freakonomics Radio Plus membership program for weekly member-only episodes of Freakonomics Radio. You’ll also get every show in our network without ads. To sign up, visit our show page on Apple Podcasts or go to freakonomics.com/plus.
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Episodes
  • 51. Wine Corks
    Jun 10 2024

    Why do we use a specific kind of tree-bark tissue to seal up 70 percent of wine bottles? Zachary Crockett takes a sniff and gives the waiter a nod.

    • SOURCES:
      • Carlos De Jesus, director of communications at Amorim Cork.

    • RESOURCES:
      • "This Ancient Material Is Displacing Plastics and Creating a Billion-Dollar Industry," by Marta Vidal (The Washington Post, 2024).
      • "Troubled Times For Wine In 2023: Global Production And Consumption Shrinking," by Per and Britt Karlsson (Forbes, 2024).
      • "Three Studies Take A Look At Various Wine Bottle Closure Preferences," by Thomas Pellechia (Forbes, 2019).
      • "How Millennials (Almost) Killed the Wine Cork," by John Gifford (The Atlantic, 2016).
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    16 mins
  • 50. Self-Checkout
    Jun 3 2024

    Grocery stores have turned shoppers into cashiers. Zachary Crockett runs two bags of chips and a Gatorade over the scanner.

    • SOURCES:
      • Sara Alloy, experience retail lead for North America at Publicis Sapient.
      • Christopher Andrews, professor of sociology at Drew University.
      • Phil Lempert, founder and C.E.O. of SupermarketGuru.

    • RESOURCES:
      • "Feeling Rewarded and Entitled to Be Served: Understanding the Influence of Self- Versus Regular Checkout on Customer Loyalty," by Farhana Nusrat and Yanliu Huang (Journal of Business Research, 2024).
      • "It’s Not Just You: Self-Checkout Is Awful. These Retailers Finally Agree," by Sarah Bregel (Fast Company, 2023).
      • "'I'm Banned From Walmart Over a Bag of Reese's,' Houston-Area Woman Says After Self-Checkout 'issue,'" by Matthew Seedorff (Fox26, 2023).
      • "Self-Checkout Is a Failed Experiment," by Amanda Mull (The Atlantic, 2023).
      • The Overworked Consumer: Self-Checkouts, Supermarkets, and the Do-It-Yourself Economy, by Christopher Andrews (2018).
      • "The Banana Trick and Other Acts of Self-Checkout Thievery," by Rene Chun (The Atlantic, 2018).
      • "Self-Service Checkouts Can Turn Customers Into Shoplifters, Study Says," by Christopher Mele (The New York Times, 2016).
      • "Check This Out: A Revolution in the Supermarket," by Daniel P. Puzo (Los Angeles Times, 1987).

    • EXTRAS:
      • "How the Supermarket Helped America Win the Cold War," by Freakonomics Radio (2019).
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    19 mins
  • Carnival Games (Replay)
    May 27 2024

    Does anyone ever win the giant teddy bear? Zachary Crockett steps right up.

    • SOURCES:
      • Matthew Gryczan, retired journalist and engineer.
      • Elliot Simmons, former carnival game worker.
      • Olivia Turner, general manager of Redbone Products.

    • RESOURCES:
      • "AG Platkin Announces 10-Year Ban of Amusement Games Licenses and a Fine for Wildwood Games Operator," by the New Jersey Office of the Attorney General (2023).
      • "N.H. Man Loses Life Savings on Carnival Game," (C.B.S. News Boston, 2013).
      • "Carnival Games: Walking the Line Between Illegal Gambling and Amusement," by J. Royce Fichtner (Drake Law Review, 2012).
      • "Carnivals: Law Enforcement on the Midway," by Bruce Walstad (F.B.I. Law Enforcement Bulletin, 1997).
      • Carnival Secrets: How to Win at Carnival Games, Which Games to Avoid, How to Make Your Own Games, by Matthew Gryczan (1988).
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    17 mins

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