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Freakonomics Radio

51. What Makes a Donor Donate?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 29 November 2011

⏱️ 5 minutes

🧾️ Download transcript

Summary

The science of charity, with economist John List.

Transcript

Click on a timestamp to play from that location

0:00.0

From APM, American Public Media, and WNYC.

0:07.0

This is Freakonomics Radio on Marketplace.

0:11.0

Here's the host of Marketplace, Kyra's Dog.

0:16.0

Time now for a little bit of Freakonomics Radio that moment in the broadcast every couple of weeks

0:20.0

where we talk to Steven Dubner, the co-author of the books and the blog of the same name.

0:24.0

It's the hidden side of everything this week in the spirit of the season.

0:28.0

Dubner weaves a tale of charitable giving as only Freakonomics can do it.

0:32.0

Today we begin in Australia with a story of Dick Smith.

0:37.0

I know my favorite Dick Smith electronics.

0:41.0

This Christmas, there's...

0:42.0

Dick Smith made a lot of money with his chain of electronics stores.

0:46.0

Now he says he gives 20% of his income to charity.

0:50.0

He says Australians don't give nearly enough,

0:53.0

so he started a campaign to convince them to give more.

0:57.0

Now I've written to Rupert I know him.

0:59.0

That's Rupert Murdoch he's talking about.

1:01.0

And he sort of made up to me that he does give some money away, but it's done confidentially.

1:06.0

But talking to his staff, Rupert Murdoch staff, they say no Dick,

1:09.0

there is not a generous loan in his body.

1:12.0

Smith continued with the gentle approach, hoping a bit of quiet persuasion

1:16.0

would make Australians open their wallets like the rich Americans you hear about so often.

1:21.0

But I've not succeeded, I've completely failed.

...

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