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Freakonomics Radio

630. On Broadway, Nobody Knows Nothing

61 min episode · 2 min read
·
Jeffrey Seller,Luis Miranda

Episode

61 min

Read time

2 min

Topics

Science & Discovery, Economics & Policy

AI-Generated Summary

What It Covers

Broadway producer Jeffrey Seller and economist Michael Rushton explain why theater costs keep rising through Baumol's cost disease theory, examining Hamilton's success and industry economics.

Notable Moment

Luis Miranda describes raising forty thousand dollars for his son Lin-Manuel's early musical through a backers audition, asking friends to contribute one thousand dollars each based purely on parental faith.

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