The Economics of Everyday Things

Who decides which snacks are in your office’s vending machine? How much is a suburban elm tree worth, and to whom? How did Girl Scout Cookies become a billion-dollar business? In bite-sized episodes, journalist Zachary Crockett looks at quotidian things and finds amazing stories. Join the Freakonomics Radio Plus membership program for weekly member-only episodes of Freakonomics Radio. You’ll also get every show in our network without ads. To sign up, visit our show page on Apple Podcasts or go to freakonomics.com/plus.

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episode 37: 37. Personal Injury Lawyers


If you can make it through three years of law school, you too might end up on a billboard.  Zachary Crockett makes the case.

 

  • SOURCES:
    • Jason Abraham, managing partner of Hupy & Abraham.
    • Nora Engstrom, professor at Stanford Law School.
    • Kyle Hebenstreit, C.E.O. of Practice Made Perfect.

 

  • RESOURCES:
    • “Personal Injury Settlement Amounts Examples (2024 Guide),” by Jeffrey Johnson (Forbes Advisor, 2022).
    • “Low Ball: An Insider’s Look at How Some Insurers Can Manipulate Computerized Systems to Broadly Underpay Injury Claims,” by Mark Romano and J. Robert Hunter (Consumer Federation of America, 2012).
    • “A Century of Change in Personal Injury Law,” by Stephen D. Sugarman (UC Berkeley Public Law Research Paper, 2000).
    • Bates v. State Bar of Arizona, in the Supreme Court of Arizona (1977).


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 February 19, 2024  17m