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is home to seven of the world’s 10 biggest companies. Is Venture Capital the Secret Sauce of the American Economy? Our latest installment of the Freakonomics Radio Book Club. You know the saying: “There are no shortcuts in life.” What if that saying is just wrong? In his new book Thinking Better: The Art of the Shortcut in Math and Life, the mathematician Marcus du Sautoy argues that shortcuts can be applied to practically anything: music, psychotherapy, even politics. Could fixing the first problem solve the second? And does the rest of society need more compassion too? Doctors and nurses have tragically high levels of burnout. healthcare system often feel they’re treated with a lack of empathy. How Do You Cure a Compassion Crisis? (Rebroadcast) (Part 1 of “The Hidden Side of the Art Market.”) In the first episode of a three-part series, we meet the key players and learn how an obscure, long-dead American painter suddenly became a superstar. Beneath the surface is a tangled web of dealers, curators, auction houses, speculators - and, of course, artists. A handful of big names get all the headlines (and most of the dollars). The art market is so opaque and illiquid that it barely functions like a market at all. “A Fascinating, Sexy, Intellectually Compelling, Unregulated Global Market.” Should that change? Also: why doesn’t contemporary art impact society the way music and film do? (Part 2 of “The Hidden Side of the Art Market.”) The more successful an artist is, the more likely their work will later be resold at auction for a huge markup - and they receive nothing. “I’ve Been Working My Ass Off for You to Make that Profit?” Is art really meant to be an “asset class”? Will the digital revolution finally democratize a market that just keeps getting more elitist? And what will happen to the last painting Alice Neel ever made? (Part 3 of “The Hidden Side of the Art Market.”) “The Art Market Is in Massive Disruption.” Dubner speaks with Nobel laureates and provocateurs, intellectuals and entrepreneurs, and various other underachievers.
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Each week, Freakonomics Radio tells you things you always thought you knew (but didn’t) and things you never thought you wanted to know (but do) - from the economics of sleep to how to become great at just about anything. Dubner, co-author of the Freakonomics books. Discover the hidden side of everything with Stephen J.