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. To get every show in the Freakonomics Radio Network without ads and a monthly bonus episode of Freakonomics Radio, start a free trial for SiriusXM Podcasts+ on Apple Podcasts or by visiting siriusxm.com/podcastsplus.
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Episodes
  • 83. Game Show Winnings
    Mar 10 2025

    How do TV producers decide how much money to give away? A little psychology and a lot of math. Zachary Crockett phones a friend.

    • SOURCES:
      • Bowen Kerins, math teacher and former contestant on Who Wants to Be A Millionaire.
      • Arthur Smith, CEO of A. Smith & Co. Productions and author of "Reach: Hard Lessons and Learned Truths from a Lifetime in Television."
      • Aaron Solomon, television producer.

    • RESOURCES:
      • "‘The Price Is Right’ Celebrates 10,000 Episodes With Extra Big Wins for Contestants That Top Off at $100,000!" by Rosemary Rossi (Variety, 2025).
      • "Why haven’t more game show prizes been adjusted for inflation?" by Janet Nguyen (Marketplace, 2023).
      • "Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show," by Thierry Post, Martijn J. van den Assem, Guido Baltussen, and Richard Thaler (American Economic Review, 2008).
      • "Why Game Shows Have Economists Glued to Their TVs," by Charles Florelle (Wall Street Journal, 2006).

    • EXTRAS:
      • "Bowen Kerins on Who Wants to Be a Millionaire" (2000).
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    19 mins
  • 82. Chain Restaurant Recipes
    Mar 3 2025

    A fast-food burger has to taste the same — and cost the same — thousands of times a day at restaurants across the country. Zachary Crockett mans the fryer.

    • SOURCES:
      • John Karangis, vice president of culinary innovation at Shake Shack.
      • Walter Zuromski, owner and chief culinary officer of the Chef Services Group.

    • RESOURCES:
      • "How Shake Shack’s New Test Kitchen Is Shaping the Future of the Brand," by Stefanie Tuder (Eater, 2018).

    • EXTRAS:
      • "Truffles," by The Economics of Everyday Things (2023).
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    17 mins
  • Used Golf Balls (Replay)
    Feb 24 2025

    American golfers lose 300 million balls a year — and all those bad swings are someone else’s business opportunity. Zachary Crockett hits the links.

    • SOURCES:
      • Todd Hutchinson, president and owner of BallHawker.
      • Lashan Wanigatunga, founder of Two Guys With Balls.

    • RESOURCES:
      • "BallHawker, Challenge Enterprises Turn Wayward Golf Shots Into Successful Endeavor," Natalie Gilstrap (Clay Today, 2023).
      • "Temecula Golf Ball Diver Nets $100,000 a Year," by Jeff Zevely (CBS8, 2022).
      • "Golf’s Recycled Ball Market is Big Business," by Erik Matuszewski (Link, 2021).
      • "The Inside Story of What the Original Titleist Pro V1 Launch Was Really Like," Andrew Tursky (Golf Digest, 2020).
      • "Head of Golf Ball Retrieval Company Sentenced for Manslaughter After Diving Death at Wales Golf Course," by Alex Myers (Golf Digest, 2017).
      • "Man Dies While Illegally Diving for Golf Balls," by Alex Myers (Golf Digest, 2015).

    • EXTRAS:
      • "Greg Norman Takes On the P.G.A. Tour," by People I (Mostly) Admire (2023).

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    17 mins

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Interesting topics

Learn more about things you encounter every day but have never stopped to think about

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