Stephen Dubner introduces an upcoming episode on brain supplements and invites listeners to share their experiences. He also announces live shows in Washington, D.C., and New York City. The main episode explores the economics of horses ("Equinomics"), starting with a visit to Chester Racecourse in England. The episode investigates the various horse markets in the U.S., including recreational, working, racehorses, and competition horses. Constance Hunter, an equestrian and economist, discusses the private and often non-transparent market for sport horses. Peter Frankopan, a global historian, explains the historical significance of horses in shaping civilizations and trade routes. Ann N. Greene, a historian of industrial America, details the role of horses in 19th-century American cities. Mark Paul, an economics professor and horse trader, discusses his business of importing and selling warmblood sport horses, highlighting the challenges and lack of transparency in the horse market. The episode concludes with Dubner visiting Paul's farm, learning about dressage, and even riding a horse himself.
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