In his new book “Breakneck,” Dan Wang argues that the U.S. has a lot to learn from China. He also says that “no two peoples are more alike.” We have questions.

• SOURCES:
  • Dan Wang, research fellow at the Hoover Institution at Stanford University, author of Breakneck: China's Quest to Engineer the Future.

• RESOURCES:
  • Breakneck: China's Quest to Engineer the Future, by Dan Wang (2025).
  • The Anaconda in the Chandelier: Writings on China, by Perry Link (2025).
  • "Is the U.S. Ready for the Next War?" by Dexter Filkins (The New Yorker, 2025).
  • "How smartphones made Shenzhen China’s innovation capital," by Dan Wang (2016).
  • How China Escaped the Poverty Trap, by Yuen Yuen Ang (2016).
  • The Art of Not Being Governed, by Jame Scott (2009).

• EXTRAS:
  • "The Engineering State and the Lawyerly Society: Dan Wang on his new book 'Breakneck,'" by the Sinica Podcast (2025).
  • "Is the U.S. Really Less Corrupt Than China?" by Freakonomics Radio (2021).

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Just beneath the surface of the global economy, there is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity. Javier Blas and Jack Farchy, the authors of The World for Sale, help us shine a light on the shadowy realm of commodity traders.

• SOURCES:
  • Javier Blas, opinion columnist at Bloomberg News.
  • Jack Farchy, energy and commodities senior reporter at Bloomberg News.

• RESOURCES:
  • The World For Sale: Money, Power, and the Traders Who Barter the Earth's Resources, by Javier Blas and Jack Farchy (2021)
  • The King of Oil: The Secret Lives of Marc Rich, by Daniel Ammann (2010).

• EXTRAS:
  • "How the Supermarket Helped America Win the Cold War (Update)" by Freakonomics Radio (2024).
  • "The First Great American Industry," by Freakonomics Radio (2023).

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Licensing began with medicine and law; now it extends to 20 percent of the U.S. workforce, including hair stylists and auctioneers. In a new book, the legal scholar Rebecca Allensworth calls licensing boards “a thicket of self-dealing and ineptitude” and says they keep bad workers in their jobs and good ones out — while failing to protect the public.

• SOURCES:
  • Rebecca Allensworth, professor of law at Vanderbilt University.

• RESOURCES:
  • "The Licensing Racket: How We Decide Who Is Allowed to Work, and Why It Goes Wrong" by Rebecca Allensworth (2025).
  • "Licensed to Pill," by Rebecca Allensworth (The New York Review of Books, 2020).
  • "Licensing Occupations: Ensuring Quality or Restricting Competition?" by Morris Kleiner (W.E. Upjohn Institute for Employment Research, 2006).
  • "How Much of Barrier to Entry is Occupational Licensing?" by Peter Blair and Bobby Chung (British Journal of Industrial Relations, 2019).

• EXTRAS:
  • "Is Ozempic as Magical as It Sounds?" by Freakonomics Radio (2024).

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Adam Moss was the best magazine editor of his generation. When he retired, he took up painting. But he wasn’t very good, and that made him sad. So he wrote a book about how creative people work— and, in the process, he made himself happy again.

• SOURCE:
  • Adam Moss, magazine editor and author.

• RESOURCES:
  • The Work of Art: How Something Comes from Nothing, by Adam Moss (2024).
  • "Goodbye, New York. Adam Moss Is Leaving the Magazine He Has Edited for 15 Years," by Michael M. Grynbaum (The New York Times, 2019).
  • Salt, Fat, Acid, Heat: Mastering the Elements of Good Cooking, by Samin Nosrat (2017).

• EXTRAS:
  • "David Simon Is On Strike. Here’s Why," by People I (Mostly) Admire (2023).
  • "Samin Nosrat Always Wanted to Be Famous," by Freakonomics Radio (2023).
  • "What’s Wrong with Being a One-Hit Wonder?" by Freakonomics Radio (2023).

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John J. Sullivan, a former State Department official and U.S. ambassador, says yes: “Our politicians aren’t leading — Republicans or Democrats.” He gives a firsthand account of a fateful Biden-Putin encounter, talks about his new book Midnight in Moscow, and predicts what a second Trump term means for Russia, Ukraine, China — and the U.S.

• SOURCES:
  • John Sullivan, former U.S. Deputy Secretary of State and former U.S. Ambassador to Russia.

• RESOURCES:
  • Midnight in Moscow: A Memoir from the Front Lines of Russia's War Against the West, by John Sullivan (2024).
  • "The ‘Deathonomics’ Powering Russia’s War Machine," by Georgi Kantchev and Matthew Luxmoore (The Wall Street Journal, 2024).
  • War, by Bob Woodward (2024).
  • "On the Record: The U.S. Administration’s Actions on Russia," by Alina Polyakova and Filippos Letsas (Brookings, 2019).
  • "Why Economic Sanctions Still Do Not Work," by Robert A. Pape (International Security, 1998).

• EXTRAS:
  • "The Suddenly Diplomatic Rahm Emanuel," by Freakonomics Radio (2023).

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The economist and social critic Glenn Loury has led a remarkably turbulent life, both professionally and personally. In a new memoir, he has chosen to reveal just about everything. Why?

• SOURCE:
  • Glenn Loury, professor of economics at Brown University and host of The Glenn Show.

• RESOURCES:
  • Late Admissions: Confessions of a Black Conservative, by Glenn Loury (2024).
  • "Amy Wax – The DEI Witch Hunt at Penn Law," by Glenn Loury (The Glenn Show, 2024).
  • "The Conservative Line on Race," by Glenn Loury (The Atlantic, 1997).
  • "Will Affirmative-Action Policies Eliminate Negative Stereotypes?" by Stephen Coate and Glenn Loury (The American Economic Review, 1993).

• EXTRAS:
  • "Roland Fryer Refuses to Lie to Black America," by Freakonomics Radio (2022).
  • "How Much Does Discrimination Hurt the Economy?" by Freakonomics Radio (2021).
  • "The Pros and Cons of Reparations," by Freakonomics Radio (2020).

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From politics and economics to psychology and the arts, many of the modern ideas we take for granted emerged a century ago from a single European capital. In this episode of the Freakonomics Radio Book Club, the historian Richard Cockett explores all those ideas — and how the arrival of fascism can ruin in a few years what took generations to build.

• SOURCE:
  • Richard Cockett, author and senior editor at The Economist.

• RESOURCES:
  • Vienna: How the City of Ideas Created the Modern World, by Richard Cockett (2023).
  • "Birth, Death and Shopping," (The Economist, 2007).
  • The Hidden Persuaders, by Vance Packard (1957).
  • "An Economist's View of 'Planning,'" by Henry Hazlitt (The New York Times, 1944).
  • The World of Yesterday: Memoires of a European, by Stefan Zweig (1942).

• EXTRA:
  • "Arnold Schwarzenegger Has Some Advice for You," by People I (Mostly) Admire (2024).

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Nobel laureate, bestselling author, and groundbreaking psychologist Daniel Kahneman died in March. In 2021 he talked with Steve Levitt — his friend and former business partner — about his book Noise: A Flaw in Human Judgment (cowritten with Olivier Sibony and Cass Sunstein) and much more.

• SOURCES:
  • Daniel Kahneman, professor emeritus of psychology and public affairs at Princeton University.

• RESOURCES:
  • Noise: A Flaw in Human Judgment, by Olivier Sibony, Daniel Kahneman, and Cass R. Sunstein (2021).
  • Thinking, Fast and Slow, by Daniel Kahneman (2011).

• EXTRAS:
  • "What’s the Secret to Making a Great Prediction?" by No Stupid Questions (2021).
  • "The Men Who Started a Thinking Revolution," by Freakonomics Radio (2017).
  • "How to Be Less Terrible at Predicting the Future," by Freakonomics Radio (2016).

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Fareed Zakaria says yes. But it’s not just political revolution — it’s economic, technological, even emotional. He doesn’t offer easy solutions but he does offer some hope.

• SOURCES:
  • Fareed Zakaria, journalist and author.

• RESOURCES:
  • Age of Revolutions: Progress and Backlash from 1600 to the Present, by Fareed Zakaria (2024).
  • "The Ultimate Election Year: All the Elections Around the World in 2024," by Koh Ewe (TIME, 2023).
  • "The Tea Party and the Remaking of Republican Conservatism," by Vanessa Williamson, Theda Skocpol, and John Coggin (Perspectives on Politics, 2011).
  • The Post-American World, by Fareed Zakaria (2008).
  • The Future of Freedom: Illiberal Democracy at Home and Abroad, by Fareed Zakaria (2003).

• EXTRAS:
  • "Is the U.S. Really Less Corrupt Than China?" by Freakonomics Radio (2021).

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Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama.

• SOURCES:
  • Michael Lewis, author.

• RESOURCES:
  • Going Infinite: The Rise and Fall of a New Tycoon, by Michael Lewis (2023).
  • "Column: In Michael Lewis, Sam Bankman-Fried Found His Last and Most Willing Victim," by Michael Hiltzik (Los Angeles Times, 2023).
  • "Even Michael Lewis Can’t Make a Hero Out of Sam Bankman-Fried," by Jennifer Szalai (The New York Times, 2023).
  • "Michael Lewis Goes Close on Sam Bankman-Fried — Maybe Too Close," by James Ledbetter (The Washington Post, 2023).
  • "What You Won’t Learn From Michael Lewis’ Book on FTX Could Fill Another Book," by Julia M. Klein (Los Angeles Times, 2023).
  • "Michael Lewis’s Big Contrarian Bet," by Gideon Lewis-Kraus (The New Yorker, 2023).
  • "He-Said, They-Said," by John Lanchester (London Review of Books, 2023).
  • "Downfall of the Crypto King," by Jesse Armstrong (The Times Literary Supplement, 2023).
  • "FTX Debtors vs. Joseph Bankman and Barbara Fried," in the United States Bankruptcy Court for the District of Delaware (2023).
  • Federal Prosecution of Election Offenses: Eighth Edition, by Richard C. Pilger (2017).
  • "Pay Candidates to Drop Out? That Should Be Legal," by Stephen L. Carter (Bloomberg, 2016).
  • "The History of the Term 'Effective Altruism,'" by William MacAskill (Effective Altruism Forum, 2014).

• EXTRAS:
  • "Is This 'The Worst Job in Corporate America' — or Maybe the Best?" by Freakonomics Radio (2023).
  • "A Million-Year View on Morality," by People I (Mostly) Admire (2022).
  • “Did Michael Lewis Just Get Lucky with 'Moneyball'?” by Freakonomics Radio (2022).

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