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Podcasts / Freakonomics Radio

670. Beeconomics 101

Apr 10, 2026 · 56 min · YouTube

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asr · 9,201 words · docs
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0:03Last week, we made an episode about the bourbon industry.
0:06One thing we didn't get into is the fact that the consumption of alcohol generates what an economist would call negative externalities.
0:15This just means that something you do can impose a negative cost on me.
0:20Like if you drink too much bourbon and then you get in your car and drive, you raise the risk for me and everybody else on the road.
0:28Economists have many examples of negative externalities, but positive externalities don't get as much airtime, which is a shame because there are some good ones, like education, vaccination, also honeybees.
0:46I'm serious.
0:48But when it comes to honeybees, and especially the making of honey, all is not well.
0:54Honey is more popular than ever, but the industry is very lightly regulated, which makes it vulnerable to fraud.
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