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Fifty Things that Made the Modern Economy by Tim Harford Details

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…

Fifty Things that Made the Modern Economy synopsis

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 humble data table 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 puzzling system on which our lives depend? From the Cascade to the Pitcairn, and locking the channel to the jumbo jet, every invention in Tim Harford's wonderful new book has his amazing and unforgettable story that is memorable, the short article on a big background. Step by step, readers will begin to understand where we are, how we got here, and where we'll go next.

Hidden connections will appear: How the barcode destroys family 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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