The Economics of Everyday Things
The Economics of Everyday Things

3. My Sharona

January 7, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: Narrative podcast episode blending storytelling, interviews, and economic analysis.
  • The Key Players:
    • Host: Zachary Crockett from Freakonomics Radio, guiding the economic breakdown.
    • Guests: Burton Aver (Knack's guitarist/co-writer), Sharona Alperin (song's muse, now realtor), Michael Kloster (music publisher), with archival insights from late Doug Fieger (singer/songwriter).
  • The Vibe: Fun and educational—rock 'n' roll nostalgia meets money talk, with carefree 70s anecdotes and surprising payday reveals.

🗝️ Key Themes & Topics

The episode traces the economic immortality of The Knack's 1979 hit "My Sharona," from garage riff to six-figure annual royalties decades later.

  • Topic 1: Origin Story. A 17-year-old clerk (Sharona) catches Doug Fieger's eye at a clothing store; he pursues her obsessively, inspiring the song's stuttering riff written in "one golden hour" channeling Elvis Costello and The Who.
  • Topic 2: Recording & Launch Economics. The Knack records their debut Get the Knack for just $17,500 (vs. industry $400k norm), signs a rare 13% royalty deal with Capitol, sells 2M copies in year one after celeb jams boost buzz.
  • Topic 3: Royalty Streams. Songwriters (Fieger/Aver) reap performance, mechanical, sync (e.g., Reality Bites), and streaming ro

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What you'll learn

  • 1 (00:00) **🎙️ Introduction: Sharona Alperin**
  • 2 (02:46) **Origin of "My Sharona" with Burton Aver**
  • 3 (05:19) **The Knack's Rise and Record Deal**
  • 4 (06:24) **Thrifty Album Recording**
  • 5 (08:51) **Performance and Mechanical Royalties**
  • 6 (10:21) **Parodies and Samples**
  • 7 (13:25) **90s Decline and Revival**

+ Full timestamped outline available in the app

Show Notes

Can a hit single from four decades ago still pay the bills? Zachary Crockett f-f-f-finds out. This episode was originally published on February 2nd, 2023.


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The Economics of Everyday Things