Freakonomics Radio

Stephen Dubner, live on stage, mixes it up with outbound mayor London Breed, and asks economists whether A.I. can be “human-centered” and if Tang is a gateway drug. SOURCES:London Breed, former mayor of San Francisco.Erik Brynjolfsson, professor of economics at Stanford UniversityKoleman Strumpf, professor of economics at Wake Forest University RESOURCES:"SF crime rate at lowest point in more than 20 years, mayor says," by George Kelly (The San Francisco Standard, 2025)"How the Trump Whale and Prediction Markets Beat the Pollsters in 2024," by Niall Ferguson and Manny Rincon-Cruz (Wall Street Journal, 2024)"Artificial Intelligence, Scientific Discovery, and Product Innovation," by Aidan Toner-Rodgers (MIT Department of Economics, 2024) EXTRAS:"Why Are Cities (Still) So Expensive?" by Freakonomics Radio (2020)

Their trade organization just lost a huge lawsuit. Their infamous commission model is under attack. And there are way too many of them. If they go the way of travel agents, will we miss them when they’re gone? SOURCES:Sonia Gilbukh, assistant professor of real estate at CUNY Baruch College.Kevin Sears, 2025 president of the National Association of Realtors.Chad Syverson, professor of economics at the University of Chicago.Lawrence Yun, chief economist for the National Association of Realtors. RESOURCES:"Heterogeneous Real Estate Agents and the Housing Cycle," by Sonia Gilbukh and Paul Goldsmith-Pinkham (NBER Working Paper, 2024)."Real Estate Commissions and Homebuying," by Borys Grochulski and Zhu Wang (Federal Reserve Bank of Richmond Working Paper, 2024)."The Relationship Between Home Prices and Real Estate Commission Rates: Implications for Consumers and Public Policy," by Stephen Brobeck (Consumer Federation of America, 2022)."The Relationship of Residential Real Estate Commission Rate to Industry Structure and Culture," by Stephen Brobeck (Consumer Federation of America, 2021)."Competition in the Real Estate Brokerage Industry: A Critical Review," by Panle Jia Barwick and Maisy Wong (Economic Studies at Brookings, 2019)."Hidden Real Estate Commissions: Consumer Costs and Improved Transparency," by Stephen Brobeck (Consumer Federation of America, 2019)."Market Distortions when Agents are Better Informed: The Value of Information in Real Estate Transactions," by Steven D. Levitt and Chad Syverson (NBER Working Paper, 2005).The Residential Real Estate Brokerage Industry, staff report by the Los Angeles Regional Office of the Federal Trade Commission (1983).

Like tens of millions of people, Stephen Dubner thought he had a penicillin allergy. Like the vast majority, he didn’t. This misdiagnosis costs billions of dollars and causes serious health problems, so why hasn’t it been fixed? And how about all the other things we think we’re allergic to? SOURCES:Kimberly Blumenthal, allergist-immunologist and researcher at Mass General Hospital and Harvard Medical School.Theresa MacPhail, associate professor of science and technology studies at Stevens Institute of Technology.Thomas Platts-Mills, professor of medicine at the University of Virginia.Elena Resnick, allergist and immunologist at Mount Sinai Hospital. RESOURCES:Allergic: Our Irritated Bodies in a Changing World, by Theresa MacPhail (2023)."Evaluation and Management of Penicillin Allergy: A Review," by Erica S. Shenoy, Eric Macy, and Theresa Rowe (JAMA, 2019)."The Allergy Epidemics: 1870–2010," by Thomas Platts-Mills (The Journal of Allergy and Clinical Immunology, 2016)."Randomized Trial of Peanut Consumption in Infants at Risk for Peanut Allergy," by George Du Toit, Graham Roberts, et al. (The New England Journal of Medicine, 2015). EXTRAS:Freakonomics, M.D.

Incarcerated people grow crops, fight wildfires, and manufacture everything from prescription glasses to highway signs — often for pennies an hour. Zachary Crockett takes the next exit, in this special episode of The Economics of Everyday Things. SOURCES:Laura Appleman, professor of law at Willamette University.Christopher Barnes, inmate at the Franklin Correctional Center.Lee Blackman, general manager at Correction Enterprises.Gene Hawkins, senior principal engineer at Kittelson and professor emeritus of civil engineering at Texas A&M University.Renee Roach, state signing and delineation engineer for the North Carolina Department of Transportation.Brian Scott, ex-inmate, former worker at the Correction Enterprises printing plant.Louis Southall, warden of Franklin Correctional Center. RESOURCES:“Manual on Uniform Traffic Control Devices for Streets and Highways, 11th Edition,” by the U.S. Department of Transportation Federal Highway Administration (2023).“Prisoners in the U.S. Are Part of a Hidden Workforce Linked to Hundreds of Popular Food Brands,” by Robin McDowell and Margie Mason (AP News, 2024).“Ex-Prisoners Face Headwinds as Job Seekers, Even as Openings Abound,” by Talmon Joseph Smith (The New York Times, 2023).“Bloody Lucre: Carceral Labor and Prison Profit,” by Laura Appleman (Wisconsin Law Review, 2022).“The Road to Clarity,” by Joshua Yaffa (The New York Times Magazine, 2007).Correction Enterprises. EXTRAS:“Do People Pay Attention to Signs?” by No Stupid Questions (2022).The Economics of Everyday Things.