The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
October 14th, 2009
Episode 197 of 943 episodes
On today's Planet Money: You've got economic riddles, and economists have answers. First up, Emily Oster of the University of Chicago Booth School of Business tackles the question about minimum wage. Why is that cities that have raised their minimum wages so often have lower rates of joblessness and healthier economies? Second, Robert Frank of Cornell wrestles with the question of why software companies set such widely varying prices for essentially the same software.
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