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.
July 30th, 2010
Episode 293 of 911 episodes
What's the price of a pelican? The total for a turtle? The dollars for a dolphin? Its not a philosophical question anymore. The BP oil spill killed hundreds of these animals, and the Feds want to make darn sure that BP pays the total bill. But coming up with a precise economic value for wildlife has stymied economists and scientists for decades. There's no market for most of these animals. No catalog for endangered species. No eBay or Craigslist for migratory birds. That's not going to stop us from trying, though. Today on the podcast, we come up with 5 different ways to put a pricetag on a pelican.