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Many markets don’t exist because people don’t want to allow Markets – People are unwilling to put a price on something for whatever reason. For example: surrogacy is a legal industry in some parts of the United States, but not in much of the rest of the world. Assisted dying is a legal medical transaction in some states, but illegal in others.
When we have those knee-jerk reactions and our intuition prevents us from considering something that is obviously aversive, economics asks us to look more closely.
Today on the show, we make three suggestions that might feel a little off, but from an economics perspective, they might actually be better approaches. First: Would the matching process for organ donations be more efficient if people could buy and sell organs? Second: Should women seek retaliation more often in the workplace? And finally, what if insider trading actually worked?
This episode was hosted by Mary Childs and Greg Rosalsky. Produced by Willa Rubin and edited by Jess Jiang. Designed by Cena Loffredo and Josh Newell. Fact-checked by Sierra Juarez. Alex Goldmark is an executive producer for Planet Money.
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Music: Universal Music Productions – “Older Heads,” “Quiescent Intersection”; Audio Network – “Happy Go Luckies”
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