How to Put a Price on a Bird: the Forgotten Science of Economic Ornithology

2024-03-01 · 36 min · 14 entities

episode page audio

Asserted relationships

→ appeared on Odd Lots podcast

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How to Put a Price on a Bird: the Forgotten Science of Economic Ornithology
→ discusses Business concept

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Feed category: Business
→ discusses News concept

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Feed category: News
→ discusses Investing concept

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Feed category: Investing
→ discusses News Commentary concept

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Feed category: News Commentary
→ hosted by Bloomberg company

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Feed author/publisher: Bloomberg
→ discusses Business News concept

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evidence rules-v4
Feed category: Business News

Entities found in this episode

concepts 10

mentioned Business concept

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evidence rules-v4
Feed category: Business
mentioned Investing concept

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evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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evidence rules-v4
Feed category: Business News
mentioned the Forgotten Science of Economic Ornithology concept

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evidence rules-v4
How to Put a Price on a Bird: the Forgotten Science of Economic Ornithology
discusses Business concept

0.40

evidence rules-v4
Feed category: Business
discusses News concept

0.40

evidence rules-v4
Feed category: News
discusses Investing concept

0.40

evidence rules-v4
Feed category: Investing
discusses News Commentary concept

0.40

evidence rules-v4
Feed category: News Commentary
discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

companys 2

mentioned Bloomberg company

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Feed author/publisher: Bloomberg
hosted by Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg

books 1

mentioned Bird History Substack book

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author of the Bird History Substack

podcasts 1

appeared on Odd Lots podcast

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evidence rules-v4
How to Put a Price on a Bird: the Forgotten Science of Economic Ornithology

Episode description as stored

This episode is for the birds — and one bird in particular. Flaco, an Eurasian eagle-owl, escaped from the Central Park Zoo last year and went on to become a local celebrity, delighting New Yorkers with his feathered adventures across Manhattan. Late last month, however, Flaco died after an apparent collision with a building. Obviously, Flaco's death is a sad event for many reasons, but it got us thinking about the role of birds in the wider world. Not only are they an important part of the natural ecosystem, but they can also contribute to agriculture (or quality of life in the city) by eating bugs, rats and other pests. So can you put an exact dollar amount on the value of a bird and what it does for the world? It turns out that for many decades, some economists were devoted to exactly this question. In this episode, we speak with Robert Francis, the author of the Bird History Substack, about the largely forgotten science of economic ornithology and historic attempts to figure out exactly how much a bird is worth. See omnystudio.com/listener for privacy information.