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Friedrich Neuser

👤 Person
171 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The great German land lottery

After the break, the Ossing Verlosung allows Friedrich one more shot at getting those good plots of soil.

Planet Money
The great German land lottery

After the break, the Ossing Verlosung allows Friedrich one more shot at getting those good plots of soil.

Planet Money
The great German land lottery

After the break, the Ossing Verlosung allows Friedrich one more shot at getting those good plots of soil.

Planet Money
The great German land lottery

Like Friedrich. He got a few pieces of land he doesn't want because they're far from his other plots and they're not great for growing potatoes. And that's bad for Friedrich. That would mean half as many crops in a year on those plots. But that's also bad for the economy because this land would be great for farming corn or wheat. And so Friedrich getting this land is kind of a waste.

Planet Money
The great German land lottery

Like Friedrich. He got a few pieces of land he doesn't want because they're far from his other plots and they're not great for growing potatoes. And that's bad for Friedrich. That would mean half as many crops in a year on those plots. But that's also bad for the economy because this land would be great for farming corn or wheat. And so Friedrich getting this land is kind of a waste.

Planet Money
The great German land lottery

Like Friedrich. He got a few pieces of land he doesn't want because they're far from his other plots and they're not great for growing potatoes. And that's bad for Friedrich. That would mean half as many crops in a year on those plots. But that's also bad for the economy because this land would be great for farming corn or wheat. And so Friedrich getting this land is kind of a waste.

Planet Money
The great German land lottery

So the lottery's fair, but maybe not efficient. That's why the people of the Ossing have a second part to the Ossing Fair Lausanne. The celebratory tent has turned into a trading pit. Farmers like Friedrich can go to another farmer and outright trade for a better plot. There are more than 600 other plots, hundreds of potential deals.

Planet Money
The great German land lottery

So the lottery's fair, but maybe not efficient. That's why the people of the Ossing have a second part to the Ossing Fair Lausanne. The celebratory tent has turned into a trading pit. Farmers like Friedrich can go to another farmer and outright trade for a better plot. There are more than 600 other plots, hundreds of potential deals.

Planet Money
The great German land lottery

So the lottery's fair, but maybe not efficient. That's why the people of the Ossing have a second part to the Ossing Fair Lausanne. The celebratory tent has turned into a trading pit. Farmers like Friedrich can go to another farmer and outright trade for a better plot. There are more than 600 other plots, hundreds of potential deals.

Planet Money
The great German land lottery

A secondary market has emerged because even though the lottery is designed and executed to be totally, completely random, after the plots are assigned, the new landowners can all trade with each other. Essentially, Marcus says, it's like this game we all kind of know.

Planet Money
The great German land lottery

A secondary market has emerged because even though the lottery is designed and executed to be totally, completely random, after the plots are assigned, the new landowners can all trade with each other. Essentially, Marcus says, it's like this game we all kind of know.

Planet Money
The great German land lottery

A secondary market has emerged because even though the lottery is designed and executed to be totally, completely random, after the plots are assigned, the new landowners can all trade with each other. Essentially, Marcus says, it's like this game we all kind of know.

Planet Money
The great German land lottery

The goal of trade is to maximize what lots we get in life. And that is precisely what everyone here in the osing is doing. Farmers can trade a plot for a plot, but they can also add money to a deal.

Planet Money
The great German land lottery

The goal of trade is to maximize what lots we get in life. And that is precisely what everyone here in the osing is doing. Farmers can trade a plot for a plot, but they can also add money to a deal.

Planet Money
The great German land lottery

The goal of trade is to maximize what lots we get in life. And that is precisely what everyone here in the osing is doing. Farmers can trade a plot for a plot, but they can also add money to a deal.

Planet Money
The great German land lottery

Yeah. Is that wrong? Friedrich and his son start trying to make some trades. They want to get rid of their bad, schlumpy plots.

Planet Money
The great German land lottery

Yeah. Is that wrong? Friedrich and his son start trying to make some trades. They want to get rid of their bad, schlumpy plots.

Planet Money
The great German land lottery

Yeah. Is that wrong? Friedrich and his son start trying to make some trades. They want to get rid of their bad, schlumpy plots.

Planet Money
The great German land lottery

Did a deal happen?

Planet Money
The great German land lottery

Did a deal happen?