EconTalk

Duke University leaves millions of dollars on the table every year by giving away free tickets to the most sought-after game in college basketball. The bizarre ticket allocation system includes weeks of camping in tents, a 58-question trivia exam, border guards with air horns at 3 AM, and a 50-page student-written constitution with its own appeals court. In this special 20th-anniversary episode, EconTalk's Russ Roberts and returning favorite Michael Munger (appearance #51!) use the legendary Duke-UNC rivalry to explore the fundamental economics question: how do you deal with a world when there isn't enough of something to go around? Along the way, they ask why a university that squeezes students on every other margin, might deliberately forgo a fortune on ticket sales. The answer has everything to do with community, belonging, and the same psychology that bonds fighter pilots and elite military units.

What if humanity's capacity for cruelty was actually one of our greatest moral achievements? That's just one of the provocative ideas philosopher Hanno Sauer explores in this conversation about his book The Invention of Good and Evil with EconTalk's Russ Roberts. Sauer tackles a fundamental puzzle: in a Darwinian world of selfish genes, how did humans become so extraordinarily cooperative? Sauer traces a fascinating journey from small hunter-gatherer bands to modern civilizations, revealing surprising mechanisms along the way--including the systematic killing of the most aggressive tribe members over millennia, which made humans the "golden retrievers of the primate kingdom." The conversation ranges from whether agriculture was history's worst mistake, to a spirited debate about religion and morality between Sauer (a German atheist who doesn't know any believers) and host Russ Roberts (a person of faith living in Israel).

Introverts are underrated. So says Susan Cain in her conversation with EconTalk's Russ Roberts about her book, Quiet. She explains why introversion isn't the same thing as shyness and she speaks of the many benefits of solitude and silent contemplation. They also discuss why modern schools and workplaces' obsession with extroversion is problematic, and the reasons for the shift from a culture of character to our current culture of personality. Cain concludes by sharing how the book has changed her own life and helped other introverts navigate a world that can't seem to stop talking.

Crown Prince Mohammed bin Salman has been dragging Saudi Arabia into the modern world over the last decade. Journalist and author Karen Elliott House lays out the Saudi leader's motivations, hopes, and contradictions. Listen as she and EconTalk's Russ Roberts explore the crown prince's mix of cultural liberalization and political dominance and where his balancing act might lead his country in the future.

How did an industry survive a technology that should have made it obsolete? Aled Maclean-Jones explains to EconTalk's Russ Roberts how Japanese quartz watches nearly wiped out Swiss watchmaking with cheaper, more accurate alternatives--and how the Swiss redefined the value of a watch to recover market dominance. Maclean-Jones discusses the Japanese innovations that led to the Swiss industry's collapse; the brilliant decision by a pair of Swiss mavericks to change the narrative around mechanical watches; and the consolidation and standardization of Swiss watchmaking undertaken by Swatch founder Nicolas Hayek.