The Economics of Everyday Things
The Economics of Everyday Things

6. T. rex Skeletons

January 18, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: Narrative radio documentary blending host narration, expert interviews, and archival auction audio for an engaging explainer on the economics of dinosaur fossils.
  • The Key Players:
    • Zachary Crockett: Host/narrator from Freakonomics Radio Network, guiding the economic angle with wit.
    • Peter Larson: President of Black Hills Institute, veteran commercial fossil hunter who's unearthed 13 T-Rexes; gritty, no-nonsense voice of the trade.
    • Clayton Phipps ("Dinosaur Cowboy"): Amateur-turned-pro hunter from Montana; folksy rancher stories add charm.
    • Thomas Carr, PhD: Paleontology expert decrying commercial sales; represents scientific side.
    • Mentions of collectors like Nathan Myhrvold (ex-Microsoft CTO, funds digs) and celebs (Dwayne Johnson, Nicolas Cage).
  • The Vibe: Fun and educational—mixes jaw-dropping auction drama, Wild West fossil hunts, and ethical debates with quirky facts like dinosaur vomit research.

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What you'll learn

  • 1 (00:55) **Record-Breaking Auction of Stan the T-Rex**
  • 2 (02:19) **Where T-Rex Fossils Are Found**
  • 3 (03:19) **Public Land Fossils: Science Over Profit**
  • 4 (04:43) **Private Land: The Commercial Fossil Market**
  • 5 (05:56) **The Grueling Excavation Process**
  • 6 (07:24) **Sue: The Most Complete T-Rex and Market Boom**
  • 7 (08:39) **Clayton Phipps: From Cowboy to Fossil Hunter**

+ Full timestamped outline available in the app

Show Notes

How do they emerge from the Upper Cretaceous period to end up in natural-history museums and private collections? Zachary Crockett digs for answers. This episode was originally published on June 18th, 2023.


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The Economics of Everyday Things