Category: Series

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The Indicator from Planet Money - Why the US government is buying more apples than ever before

For the second year in a row, the U.S. government is buying the largest quantity of apples in its history because there are not enough consumers and processors who want to buy them. Today on the show, an abundance of apples and why some apple growers are getting out of the game altogether.

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More or Less: Behind the Stats - What can economics learn from sport?

The great theories of economics seem to have great explanatory power, but the actual world is often far too complicated and messy to fully test them out.

Professor Ignacio Palacios-Huerta, an economist at the London School of Economics has an answer ? sport. In the contained setting of competitive sport, he says, the rules are clear and you know who is doing what. This means, with some analysis, you can see vibrant illustrations of well-known economic theories playing out before your eyes.

Ignacio talks to Tim Harford about some of his favourite economic theories, demonstrated in action in sporting competition.

Presenter: Tim Harford Producer: Natasha Fernandes Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: John Scott Editor: Richard Vadon

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The Indicator from Planet Money - Cool, cool, cooling jobs

The Bureau of Labor Statistics reported the unemployment rate remained steady at 4.1% and 12,000 jobs were added to the U.S. economy during October. It's a lower-than-expected jobs number, from a period that saw two significant hurricanes in the southeast and a strike from workers at Boeing. Today on the show, we explain the complexities of calculating the monthly job numbers, and why the Bureau of Labor Statistics can be trusted.

Related episodes:
Behind the scenes of Jobs Friday (Apple / Spotify / NPR)

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The Indicator from Planet Money - The U.S. once banned Chinese immigrants — and it paid an economic price

In 1880, the Chinese were the biggest group of immigrants in the western U.S. But Sinophobic sentiments crystallized into racist policies and eventually the Chinese Exclusion Act of 1882. The rationale was that banning Chinese laborers would boost job opportunities for U.S.-born workers. Today, an economist explains how the Chinese exclusion laws affected the economies of western states and what it says about our current debate over immigration and jobs.

Read the working paper co-authored by Nancy Qian.

A digital scan of the photo album in the California Historical Society's collections is available here.

For more on this period of history, check out At America's Gates: Chinese Immigration during the Exclusion Era, 1882-1943 by Erika Lee.

Related episodes:
What's missing in the immigration debate (Apple / Spotify)

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Curious City - “Spooky and salacious:” Do we need to rethink prison tourism?

It’s spooky season, a time when we often visit haunted houses and think about the paranormal. And if you live in the Chicago area, you’ve probably seen billboards and ads for the Old Joliet Haunted Prison. But at one point, it was an actual prison. Whether you believe in ghosts or not, questions about the paranormal can serve as an entry into the historical context of a place. Last episode, we visited the Old Joliet Prison to look into a lister’s question about whether it’s haunted. And that got us thinking about the ethics of “prison tourism.” Is it OK to take a place where people suffered and died and turn it into a site of entertainment? Today, we get into this question and more with Hope Corrigan, who reported on it for The Marshall Project.
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The Indicator from Planet Money - What’s missing in the immigration debate

Immigration is a top concern among U.S. voters this election cycle. But Zeke Hernandez, a professor at the University of Pennsylvania who studies immigration,thinks politicians and the media aren't giving the public the full story. Too often, he argues, they paint immigrants as objects of pity or fear, when the reality is much more complex — and positive. Today on the show, we look beyond the binary and explore the less talked about ways documented and undocumented immigrants shape the U.S. economy.

Zeke's book is called The Truth About Immigration: Why Successful Societies Welcome Newcomers.

Related listening:
Is the border crisis really a labor market crisis? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Welcome to the USA! Now get to work (Apple / Spotify)

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