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Freakonomics, M.D.

13. When Bapu Met Levitt

Freakonomics, M.D.

Freakonomics Radio + Stitcher

Society & Culture, Science

4.81.1K Ratings

🗓️ 26 November 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

Once upon a time, Bapu Jena was a graduate student at the University of Chicago. His most interesting teacher? The economist Steve Levitt. This week on Freakonomics, M.D., a replay of a conversation between Steve and Bapu from Steve’s podcast, People I (Mostly) Admire, where they cover everything from the ethics of human-challenge trials to why Bapu decided to start his own show.

Transcript

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0:00.0

I first met Steve Levitt, an economist and co-author of Freakonomics about 20 years ago

0:12.6

now.

0:13.6

I was a graduate student in economics at the University of Chicago, a place where ideas

0:18.8

live, but fun comes to die, as I've heard said before.

0:23.6

Steve was teaching an evening course there on how to come up with ideas.

0:28.1

I remember one of the first ideas I pitched to him, by the way, Steve always gave his

0:31.9

pizza during that class, which was pretty great.

0:34.4

Anyway, one of the first ideas I pitched was about the link between Viagra and divorce.

0:40.1

You see, at that time in graduate school, we were learning about the economics of the household,

0:45.5

work by economists like Gary Becker, a Nobel laureate, who had pioneered our understanding

0:50.7

of human and social capital.

0:52.9

Becker was also one of the first economists to study the economics of divorce.

0:57.5

So with Becker's work freshen my mind and sitting in Steve's class, listening to the

1:03.2

unconventional ways he thought about problems, it may be wonder how the introduction of Viagra

1:09.4

might have affected marriages.

1:11.3

You see, on one hand Viagra, which was and is primarily used by men, could make marriages

1:16.8

stronger if it allowed couples to engage in a way that they previously couldn't.

1:22.7

And I'm being careful here about my language because my daughter sometimes listens to this

1:26.9

show, not out of choice, but because it is a requirement for her to get TV time in

1:31.8

our house.

1:33.4

But you can also see how Viagra might lead to divorce if it increased the quote-unquote

1:38.9

outside options by that I mean other partners that men perceived they would have because

...

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