The First Great American Industry (Update) Image

The First Great American Industry (Update)

8 August - 45 mins
Podcast Series Freakonomics Radio

Whaling was, in the words of one scholar, “early capitalism unleashed on the high seas.” How did the U.S. come to dominate the whale market? Why did whale hunting die out here — and continue to grow elsewhere? And is that whale vomit in your perfume? (Part 1 of “Everything You Never Knew About Whaling.”)

 

SOURCES:Eric Hilt, professor of economics at Wellesley College.Nathaniel Philbrick, writer and historian.Paul Watson, environmental activist and founder of the Sea Shepherd Conservation Society. 

RESOURCES:“Calls From the Deep: Do We Need to Save the Whales All Over Again?” by Sophy Grimshaw (The Guardian, 2020).“The Very Small World of V.C.,” by Avi Asher-Schapiro (The New Republic, 20...

45 mins

Series Episodes

Why Do People Still Hunt Whales? (Update)

Why Do People Still Hunt Whales? (Update)

For years, whale oil was used as lighting fuel, industrial lubricant, and the main ingredient in (yum!) margarine. Whale meat was also on a few menus. But today, demand for whale products is at a historic low. And yet some countries still have a whaling industry. We find out why. (Part 2 of “Everything You Never Knew About Whaling.”)

37 mins

15 August Finished

Why Does Tipping Still Exist? (Update)

Why Does Tipping Still Exist? (Update)

It’s a haphazard way of paying workers, and yet it keeps expanding. With federal tax policy shifting in a pro-tip direction, we revisit an episode from 2019 to find out why.

47 mins

6 August Finished

643. Why Do Candles Still Exist?

643. Why Do Candles Still Exist?

They should have died out when the lightbulb was invented. Instead they’re a $10 billion industry. What does it mean that we still want tiny fires inside our homes?

47 mins

1 August Finished

642. How to Wage Peace, According to Tony Blinken

642. How to Wage Peace, According to Tony Blinken

The former secretary of state isn’t a flamethrower, but he certainly has strong opinions. In this wide-ranging conversation with Stephen Dubner, he gives them all: on Israel, Gaza, China, Iran, Russia, Biden, Trump — and the rest of the world.

1 hour 6 mins

25 July Finished

Why Does One Tiny State Set the Rules for Everyone? (Update)

Why Does One Tiny State Set the Rules for Everyone? (Update)

Until recently, Delaware was almost universally agreed to be the best place for companies to incorporate. Now, with Elon Musk leading a corporate stampede out of the First State, we revisit an episode from 2023 that asked if Delaware’s “franchise” is wildly corrupt, wildly efficient … or both?

47 mins

23 July Finished

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