Sport Horses: Billionaire Luxury Goods and Opaque Markets
651. The Ultimate Dance Partner
Resources
Books
- "Horse in the City" by Clay McShane and Joel Tarr - This book explores the functional role of horses in urban environments, framing them as "living machines."
Videos & Documentaries
- "Yellowstone" - Mentioned as an example of a show that depicts quarter horses, which are prevalent in Western riding.
Research & Studies
- Economics Paper on the Centrality of the Potato by Nathan Nunn - This paper, though not directly about horses, is used as a parallel to illustrate how a single commodity (the potato) can supercharge development, similar to the horse's historical impact.
Tools & Software
- Zillow - Used as an analogy for a desirable, transparent online marketplace that is currently missing for horses.
Articles & Papers
- "Horses at Work: Harnessing Power in Industrial America" by Ann N. Green - This book highlights the pervasive use of horses in American industry and urban life in the late 19th and early 20th centuries.
People Mentioned
- George Frideric Handel - An 18th-century composer whose "Messiah" brought the podcast host to Chester.
- Constance Hunter - Chief Economist at The Economist Intelligence Unit and an avid equestrian, who discusses the economics and market of sport horses.
- Nathan Nunn - Author of an economics paper used as a parallel to illustrate the impact of key commodities on development.
- Peter Frankopan - Professor of Global History at Oxford University, who discusses the historical significance of horses in global civilizations.
- Ann N. Green - Historian and retired professor at the University of Pennsylvania, author of "Horses at Work."
- Clay McShane - Colleague of Ann N. Green and co-author of "Horse in the City."
- Joel Tarr - Colleague of Ann N. Green and co-author of "Horse in the City."
- Mark Paul - Economics professor at Rutgers University and co-owner of a business that imports and sells sport horses.
- Elizabeth Bortuzzo - Professional rider, co-owner of AVO Dressage, and business partner to Mark Paul.
- Heinrich von Eckermann - A Swedish jumping rider, mentioned as an example of a top-tier equestrian for whom an amateur's horse might not be suitable.
Organizations & Institutions
- Edward Jones - Sponsor of the podcast, mentioned for guiding listeners through life's financial journey.
- LinkedIn Ads - Sponsor of the podcast, highlighted for its effectiveness in reaching professionals.
- The Economist Intelligence Unit - The research division of The Economist publishing group, where Constance Hunter works.
- NYU - University where Constance Hunter was on the equestrian team.
- Oxford University - University where Peter Frankopan is a professor of Global History.
- Rutgers University - University where Mark Paul is an economics professor.
Courses & Educational Resources
- Riding Lessons - Mentioned as a way Constance Hunter got into horses and as a service offered by horse farms.
Websites & Online Resources
- freakonomics.com/liveshows - Website for purchasing tickets to Stephen Dubner's live shows.
- radio@freakonomics.com - Email address for submitting voice memos about supplements.
- linkedin.com/freakonomics - Website for LinkedIn Ads offer.
- dell.com/holiday - Website for purchasing Dell PCs.
- framer.com/design - Website for Framer, a design tool.
- southerncompany.com - Website for Southern Company.
- amica.com - Website for Amica Insurance.
- claude.ai/freakonomics - Website to try Claude AI.
- vitamix.com - Website for Vitamix blenders.
- saveonzepbound.com - Website for Zepbound savings options.
- AVO Dressage Website - The website for Mark Paul and Elizabeth Bortuzzo's business, where they list their horses with transparent pricing.
Other Resources
- Chester Racecourse - Located in Chester, England, it is the oldest continuously operating horse track in the world.
- Roman Walls of Chester - Ancient Roman walls surrounding the city center of Chester, England.
- Chester Cathedral - A cathedral in Chester, England, parts of which date back nearly 1,000 years.
- Fascinators - Three-dimensional hats worn by British ladies to festive occasions.
- Equinomics - A term coined by the podcast host to describe the study of horse markets.
- The Silk Roads: A New History of the World by Peter Frankopan - A book discussing global connections through trade routes, where horses played a central role.
- Tang Dynasty terracotta animals - Sculptures from the Tang Dynasty in China, known for their depiction of animals, especially horses.
- Chariots of Tutankhamun - Six full working chariots found with Tutankhamun's burial, indicating the importance of horses in ancient Egypt.
- Appendix Quarter Horse - A type of horse, a cross between a Quarter Horse and a Thoroughbred.
- Quarter Horse - A prevalent breed in the US, known for being smaller, chill, and family-friendly, often used for Western riding.
- Studbooks - Registries that monitor and record the pedigrees of horse breeds.
- Thoroughbreds - A breed of horse bred for speed over short distances, often used in horse racing.
- Arabians - A breed of horse known for its endurance and refinement, used in crossing to create warmbloods.
- Draft Horses - Large, heavy breeds of horses known for their strength and slower pace, used in crossing to create warmbloods.
- Warmbloods - A type of horse created by crossing "hot-blooded" breeds (like Thoroughbreds and Arabians) with "cold-blooded" breeds (like draft horses), commonly used as sport horses.
- Hanoverians, Oldenburgs, Dutch Warmbloods, Belgian Warmbloods - Sub-breeds within the Warmblood category, often originating from Europe.
- Hunter Jumper - An equestrian competition event that mimics a hunt field.
- Dressage - An equestrian sport often called "horse ballet," involving precise and complicated movements between horse and rider.
- Eventing - An equestrian event that combines dressage, cross-country riding, and show jumping.
- Show Jumping - An equestrian event where horse and rider jump over a course of obstacles.
- Jasper Dela Tour - Constance Hunter's horse, described as a forgiving and athletic warmblood.
- Bolio's Cool Eric - Constance Hunter's other horse, a 20-year-old warmblood with a strong personality.
- Vital Hit - A six-year-old Scottish-bred horse owned by AVO Dressage, being trained for elite competition.
- Kobus - A 10-year-old Dutch Warmblood being trained by Elizabeth Bortuzzo.
- Beet pulp and alfalfa pellets - Food given to horses.
- Festival of Champions - A competition where Elizabeth Bortuzzo plans to bring Kobus.
- Mid-Intermédiaire I - The second international level of dressage competition.
- Rotational Fall - A type of fall in horse riding where the horse falls over its own neck.
- Horse Flu (Great Epizootic of 1872) - An outbreak of horse flu in 1872 that significantly disrupted city services reliant on horses.
- Western Riding - A style of horse riding often associated with Quarter Horses, including disciplines like reining.
- Reining - A competitive equestrian discipline where a horse and rider perform a precise pattern of circles, spins, and stops.
- Teamsters Union - The symbol of this union is a horse, representing its historical connection to hauling.
- Horseback Riding - The activity of riding horses, discussed in terms of its physical demands and inherent risks.
- Saddle Pad - A pad placed under a horse's saddle.
- Stirrup - A loop attached to a saddle, in which a rider places their foot.
- Crop/Whip - A tool used by riders to communicate with or encourage a horse.
- Steeplechase - A type of horse race involving jumping over obstacles.