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The Economics of Everyday Things

Romance Novels (Replay)

The Economics of Everyday Things

Freakonomics Network

Business

4.81.2K Ratings

🗓️ 29 July 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

How did love stories about vampires, cowboys, and wealthy dukes become the highest-grossing fiction genre in the world? Zachary Crockett gets swept away.

Transcript

Click on a timestamp to play from that location

0:00.0

As an English major at Stanford University in the early 1990s, Danielle Flores

0:08.2

spent her days reading the classics, the novels that her professors deemed to be culturally significant. But outside of the classroom,

0:17.8

Flores was introduced to a different kind of literature. Two of my college roommates read romance novels and were avid readers.

0:28.0

And I made fun of them and they just kind of smirked and said have you actually read an official

0:34.8

romance novel and I was like no please why would I do that?

0:38.9

She eventually put her skepticism aside and gave romance a chance.

0:44.0

I absolutely fell in love with it.

0:45.4

And for the next four years, I got through my classwork

0:50.0

by making room for the romance novels.

0:52.4

And I haven't stopped since.

0:55.1

Today, Flores is a high school math teacher in the San Francisco Bay Area.

0:59.7

She reads so many romance books that she has a spreadsheet to keep track of them all.

1:05.0

On average, I probably read about 250 Robespas a year. Flores is one of the millions of readers who make romance books a 1.4 billion dollar business.

1:17.0

While the rest of the publishing market reels, physical sales of romance books are up more than 50% over the past year alone.

1:25.0

You know, everybody wants to find the love of their life and live happy ever after.

1:34.0

For the Freakonomics Radio Network,

1:38.0

this is the Economics of Everyday Things.

1:40.0

I'm Zachary Krakkin.

1:42.0

Today, romance novels. The romance novel goes back a long way.

1:48.0

The book that's often called the first modern English novel, Samuel Richardson's Pamela published in 1740 is about

1:56.3

the protracted courtship between a maidservant and her wealthy employer but romance as

2:02.0

a mass market commercial industry didn't really take off in North America

...

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