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Fifty Things that Made the Modern Economy by Tim Harford Details

Based on the series produced for the BBC World Service by the author of The Undercover Economist who thought of paper money? How did you change the face of the…

Fifty Things that Made the Modern Economy synopsis

Based on the series produced for the BBC World Service by the author of The Undercover Economist who thought of paper money? How did you change the face of the legal profession? Why was the horse's collar important to human progress as a steam engine? How about a modest spreadsheet world of finance upside down? The global economy defies understanding. An ever-evolving system of enormous complexity, it offers more than 10 billion unique products and services, doubling every 15 years and linking nearly every one of the planet's seven inhabitants.

Offers an amazing luxury of hundreds of millions. It also leaves hundreds of millions behind, puts enormous pressure on the ecosystem, and usually has an annoying stop.

No one is responsible for that. In fact, no individual understands more than a part of what is going on.

How can we understand this bizarre system on which our lives depend? From the cascade to the Pitcairn, and locking the channel to the jumbo jet, every invention in the wonderful new Tim Harford book has its own amazing and unforgettable story, a short story in front of a large background. Step by step, readers will begin to understand where we are, how we got here, and where we'll go next.

Bare hidden connections will be developed: how the barcode has undermined the corner shops. Why the stellar footnotes widened to inequality; how barbed wire shaped America.

We will meet with personalities who have developed, benefited from, or destroyed some of these inventions. We will follow economic principles that help to explain their transformative effects.

We will explore the lessons we can learn for the judicious use of future inventions, in a world where innovation is only accelerating.



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