Cautionary Tales | 19 June 2020 | 0h 24m | Listen Later | iTunes
Tim Harford uses the example of the Fukushima nuclear disaster to highlight the pitfalls of ignoring longer-term ills when taking action against urgent dangers.
Cautionary Tales | 22 November 2019 | 0h 33m | Listen Later | iTunes
Galileo tried to teach us that adding more and more layers to a system intended to avert disaster often makes catastrophe all the more likely to happen. His basic lesson has been ignored in nuclear power plants, financial markets and at the Oscars… all resulting in chaos.
50 Things That Made the Modern Economy | 30 September 2019 | 0h 10m | Listen Later | iTunes
When the US outlawed the manufacture and sale of alcoholic beverages, it inadvertently created one of the most successful black markets in the world. Tim Harford considers how much it costs to make something illegal, and what a failed law reveals about the way criminals make their money.