Morally questionable, economically efficient

Squishy, slimy, fidgety toys are having a moment. But it’s more than just an anxiety-soothing, social-media fueled trend – these toys are reshaping how toys get made.Today on the show, we have the story of the once-humble squishy dumpling and what it teaches us about how to make ...  Show more

Let’s call it the luxury of restraint. This is what enabled Norway to avoid the fate of so many other countries when they discovered oil and it changed the mix of their economy overnight.Norway! It’s expensive, wealthy, and abundant in resources. We’re going to compare two of the ...  Show more

No surprises here: The Economist reckons tariffs are a terrible trade tool. But what is most clearly harming American businesses and scaring off investors is <a href="https://www.economist.com/leaders/2025/03/27/the-unpredictability-of-trumps-tariffs-will-increase-the ...

Sure, markets work well in general. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard like Al Roth. Plus: We hear from a listener who, inspired by this episode, made a rem ...

Over 103,000 people need organ donations in the U.S. Some economists and health experts wonder whether creating a free or regulated market would resolve this. Those in support argue that with proper regulations, it can be safe, ethical, and financially beneficial for both sellers ...  Show more

Robert Armstrong, U.S. financial commentator for the Financial Times, fills in for Scott. He and Ed unpack what the GOP tax bill means for the economy now that it’s law. Robert argues we’re playing chicken with the debt and says markets are still operating in “greed mode,” not fe ...  Show more