logo
episode-header-image
Jun 11
39m 52s

An Economics Lesson from a Talking Penci...

Freakonomics Radio + Stitcher
About this episode

A famous essay argues that “not a single person on the face of this earth” knows how to make a pencil. How true is that? In this 2016 episode, we looked at what pencil-making  can teach us about global manufacturing — and the proper role of government in the economy.

 

  • SOURCES:
    • Caroline Weaver, creator of the Locavore Guide.
    • Matt Ridley, science writer, British viscount and retired member of the House of Lords
    • Tim Harford, economist, author and columnist for the Financial Times
    • Jim Weissenborn, former CEO of General Pencil Company
    • Thomas Thwaites, freelance designer and associate lecturer at Central Saint Martins.

 

 

Up next
Yesterday
640. Why Governments Are Betting Big on Sports
The Gulf States and China are spending billions to build stadiums and buy up teams — but what are they really buying? And can an entrepreneur from Cincinnati make his own billions by bringing baseball to Dubai? SOURCES:Simon Chadwick, professor of afroeurasian sport at Emlyon Bus ... Show More
50m 12s
Jul 9
How to Make Your Own Luck (Update)
Before she decided to become a poker pro, Maria Konnikova didn’t know how many cards are in a deck. But she did have a Ph.D. in psychology, a brilliant coach, and a burning desire to know whether life is driven more by skill or chance. She found some answers in poker — and she’s ... Show More
58m 7s
Jul 4
639. “This Country Kicks My Ass All the Time”
Cory Booker on the politics of fear, the politics of hope, and how to split the difference. SOURCES:Cory Booker, senior United States Senator from New Jersey. RESOURCES:"'When Are More Americans Going to Speak Up?'" by The New Yorker Radio Hour (2025)."Cory Booker’s Marathon Floo ... Show More
53m 46s
Recommended Episodes
Sep 2024
Daron Acemoglu on Artificial Intelligence
Listening to the ongoing debate about artificial intelligence, one could be forgiven for assuming that the technology is either a bogeyman or a savior, with little ground in between. But that’s not the stance of economist Daron Acemoglu, professor at the Massachusetts Institute o ... Show More
27m 33s
Oct 2024
142. What’s Impacting American Workers?
David Autor took his first economics class at 29 years old. Now he’s one of the central academics studying the labor market. The M.I.T. economist and Steve dissect the impact of technology on labor, spar on A.I., and discuss why economists can sometimes be oblivious. SOURCES:Davi ... Show More
1h 3m
Aug 2024
Sendhil Mullainathan Thinks Messing Around Is the Best Use of Your Time (Update)
Revisiting Steve’s 2021 conversation with the economist and MacArthur “genius” about how to make memories stickier, why change is undervalued, and how to find something new to say on the subject of scarcity. SOURCE:Sendhil Mullainathan, university professor of computation and beh ... Show More
46m 54s
Apr 29
David Booth: ‘Usually the Great Ideas Start Out as Small Ideas and Then You Build on Them’
Our guest on the podcast today is David Booth. He’s the Chairman of Dimensional Fund Advisors, a firm he founded in 1981. David led Dimensional as CEO and later Co-CEO until 2017, when he stepped back from the daily management of the firm. David helped create one of the world’s f ... Show More
49m 8s
Apr 7
Challenging mainstream economics
An academic from India and writer from Denmark talk to Ella Al-Shamahi about how the way economies are measured influences policy and undervalues both unpaid and paid care work, and affects the lives of women on every level. Emma Holten is a Danish feminist commentator whose book ... Show More
26m 29s
Aug 2020
American Politics, Individualism, & Economics Unapologetically with Germinal G. Van!
Today's episode is an interview with political scientist, author, essayist and scholar Germinal G. Van. Born and raised in Ivory Coast, Germinal is the author of 14 books, and has authored "The Economic Condition of Black America in the 20th Century", his most recent work. His ed ... Show More
1h 26m
Dec 2024
Michael Garfield — Play the (Mind) Jazz (EP.246)
My guest today is Michael Garfield, a paleontologist, futurist, writer, podcast host and strategic advisor whose “mind-jazz” performances — essays, music and fine art — bridge the worlds of art, science and philosophy. This year, Michael received a $10k O’Shaughnessy Grant for hi ... Show More
1h 19m
Dec 2023
Palo Alto: The Grit Beneath Tech’s Glitter
Join us for a conversation on the seedy underside to Tech’s past, present, and future. This event took place on May 30, 2023. If the industry’s most credulous boosters are to be taken at their word, the contemporary tech industry is an economic freight train driven by big-brained ... Show More
1h 28m
Jan 2025
515. Ethics, Power, and Progress: Shaping AI for a Better Tomorrow | Marc Andreessen
Dr. Jordan B. Peterson sits down with entrepreneur and software pioneer, Marc Andreessen. They discuss the timeline of the woke institutional takeover, the ruinous effects it has had on Western ideology and business, the ways in which AI will shape society, and the immense respon ... Show More
1h 42m
Jan 2025
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns is a historian of ideas, focusing on the evolution of economic, political, and social ideas in the United States in the 20th century. She wrote two biographies, one on Milton Friedman, and the other on Ayn Rand. Thank you for listening ❤ Check out our sponsors: htt ... Show More
4h 3m