Murderers in early 19th century London feared surviving their executions. That’s because their bodies were often handed to scientists for strange anatomical experiments. If George Foster, executed in 1803, had woken up on the lab table, it would have been in particularly undignified circumstances. In front of a large London crowd, an Italian scientist with a flair for showmanship was sticking an electrode up Foster’s rectum. This is how the story of the battery begins – a technology which has be...
Mar 18, 2017•9 min•Transcript available on Metacast Take a very large prime number – one that is not divisible by anything other than itself. Then take another. Multiply them together. That is simple enough, and it gives you a very, very large “semi-prime” number. That is a number that is divisible only by two prime numbers. Now challenge someone else to take that semi-prime number, and figure out which two prime numbers were multiplied together to produce it. That, it turns out, is exceptionally hard. Some mathematics are a lot easier to perform...
Mar 11, 2017•9 min•Transcript available on Metacast Robots threaten the human workforce, but their ubiquity and growing competence make them crucial to the modern economy. In 1961 General Motors installed the first Unimate at one of its plants. It was a one-armed robot resembling a small tank that was used for tasks like welding. Now, as Tim Harford explains, the world’s robot population is expanding rapidly (the robot “birth rate” is almost doubling every five years) and, coupled with rapid advances in artificial intelligence, robots are changin...
Mar 04, 2017•9 min•Transcript available on Metacast King Camp Gillette came up with an idea which has helped shape the modern economy. He invented the disposable razor blade. But, perhaps more significantly, he invented the two-part pricing model which works by imposing what economists call “switching costs”. If you’ve ever bought replacement cartridges for an inkjet printer you experienced both when you discovered that they cost almost as much as the printer itself. It’s also known as the “razor and blades” model because that’s where it first dr...
Feb 25, 2017•9 min•Transcript available on Metacast There’s no such thing as “the correct time”. Like the value of money, it’s a convention that derives its usefulness from the widespread acceptance of others. But there is such a thing as accurate timekeeping. That dates from 1656, and a Dutchman named Christiaan Huygens. In the centuries since, as Tim Harford explains, the clock has become utterly essential to almost every area of the modern economy. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: A wall clock. Credit: S...
Feb 18, 2017•9 min•Transcript available on Metacast The words 'clever' and 'death' crop up less often than 'Google' in conversation. That’s according to researchers at the University of Lancaster in the UK. It took just two decades for Google to reach this cultural ubiquity. Larry Page and Sergey Brin – Google’s founders – were not, initially, interested in designing a better way to search. Their Stanford University project had a more academic motivation. Tim Harford tells the extraordinary story of a technology which might shape our access to kn...
Feb 11, 2017•9 min•Transcript available on Metacast Legally and culturally, there’s a clear distinction between gambling and insurance. Economically, the difference is not so easy to see. Both the gambler and the insurer agree that money will change hands depending on what transpires in some unknowable future. Today the biggest insurance market of all – financial derivatives – blurs the line between insuring and gambling more than ever. Tim Harford tells the story of insurance; an idea as old as gambling but one which is fundamental to the way th...
Feb 04, 2017•9 min•Transcript available on Metacast The Gutenberg printing press is widely considered to be one of humanity’s defining inventions. Actually, you can quibble with Gutenberg’s place in history. He wasn’t the first to invent a movable type press – it was originally developed in China. Still the Gutenberg press changed the world. It led to Europe’s reformation, science, the newspaper, the novel, the school textbook, and much else. But, as Tim Harford explains, it could not have done so without another invention, just as essential but ...
Jan 28, 2017•9 min•Transcript available on Metacast In 1928 a young bacteriologist named Alexander Fleming failed to tidy up his petri dishes before going home to Scotland on holiday. On his return, he famously noticed that one dish had become mouldy in his absence, and the mould was killing the bacteria he’d used the dish to cultivate. It’s hard to overstate the impact of antibiotics on medicine, farming and the way we live. But, as Tim Harford explains, the story of antibiotics is a cautionary one. And unhelpful economic incentives are in large...
Jan 20, 2017•9 min•Transcript available on Metacast Low cost, functional and brilliantly efficient, an Ikea Billy bookcase rolls off the production line every three seconds. There are thought to be over 60 million of them already in service. Few could find the Billy bookcase beautiful. They are successful because they work and they are cheap. And – as Tim Harford explains in this fascinating story – brilliantly boring efficiency is essential to the modern economy. The humble Billy bookcase epitomises the relentless pursuit of lower costs and acce...
Jan 14, 2017•9 min•Transcript available on Metacast Installing Windows might take 5,000 years without the compiler, a remarkable innovation which made modern computing possible. Tim Harford tells a compelling story which has at its heart a pioneering woman called Grace Hopper who – along the way – single-handedly invented the idea of open source software too. The compiler evolved into COBOL – one of the first computer languages – and led to the distinction between hardware and software. Producer: Ben Crighton Editors: Richard Knight and Richard V...
Jan 07, 2017•9 min•Transcript available on Metacast Transferring money by text message is far safer and more convenient than cash. M-Pesa, as it is known, first took off in Kenya. The idea was to make it easier for small businesses to repay micro-finance loans. But, almost immediately, M-Pesa exploded into something far bigger - there are now 100 times more M-Pesa kiosks than ATMs in Kenya – and with far-reaching consequences, in many developing economies. Tim Harford describes how money transferred this way is easy to trace, which is bad news fo...
Dec 31, 2016•9 min•Transcript available on Metacast Once too precious to use, now too cheap to notice – the significance of the lightbulb is profound. Imagine a hard week’s work gathering and chopping wood, ten hours a day for six days. Those 60 hours of work would produce light equivalent to one modern bulb shining for just 54 minutes. The invention of tallow candles made life a little easier. If you spent a whole week making them – unpleasant work – you would have enough to burn one for two hours and twenty minutes every evening for a year. Eve...
Dec 24, 2016•9 min•Transcript available on Metacast Warrior monks, crusaders and the mysterious origins of modern banking. You might think banks are so central to every economy that they have always existed. And they have, sort of. But the true story of the origins of modern banking is – as Tim Harford explains – as surprising and mysterious as the plot of Dan Brown’s Da Vinci Code. (Photo: Temple Church in London. Credit: Kiev Victor/Shutterstock)
Dec 17, 2016•9 min•Transcript available on Metacast How vast mega-stores emerged with the help of a design originally drawn in the sand in 1948 by Joseph Woodland as he sat on a Florida beach, observing the furrows left behind, an idea came to him which would – eventually – become the barcode. This now ubiquitous stamp, found on virtually every product, was designed to make it easier for retailers to automate the process of recording sales. But, as Tim Harford explains, its impact would prove to be far greater than that. The barcode changed the b...
Dec 10, 2016•9 min•Transcript available on Metacast Surprisingly, Uncle Sam played an essential role in the creation and development of the iPhone - of course, much has been written about the late Steve Jobs and other leading figures at Apple and their role in making the modern icon, and its subsequent impact on our lives. And rightfully so. But who are other key players without whom the iPhone might have been little more than an expensive toy? Tim Harford tells the story of how the iPhone became a truly revolutionary technology. (Photo: Steve Jo...
Dec 03, 2016•9 min•Transcript available on Metacast It's improved health, school attendance, agricultural productivity and farm worker wages, but concrete has a poor reputation. It takes a lot of energy to produce and releases a great deal of CO2 in the process. However, architects appreciate its versatility and there are few more important inventions. Tim Harford tells the remarkable hidden story of a ubiquitous, unloved material. (Image: Masons hands spread concrete, Credit: APGuide/Shutterstock)
Nov 26, 2016•9 min•Transcript available on Metacast The boom in global trade was caused by a simple steel box. Shipping goods around the world was – for many centuries – expensive, risky and time-consuming. But, as Tim Harford explains, 60 years ago the trucking entrepreneur Malcolm McLean changed all that by selling the idea of container shipping to the US military. Against huge odds he managed to turn 'containerisation' from a seemingly impractical idea into a massive industry – one that slashed the cost of transporting goods internationally an...
Nov 19, 2016•9 min•Transcript available on Metacast Saving lives with thin air - by taking nitrogen from the air to make fertiliser, the Haber-Bosch Process has been called the greatest invention of the 20th Century – and without it almost half the world’s population would not be alive today. Tim Harford tells the story of two German chemists, Fritz Haber and Carl Bosch, figured out a way to use nitrogen from the air to make ammonia, which makes fertiliser. It was like alchemy; 'Brot aus Luft', as Germans put it, 'Bread from air'. Haber and Bosch...
Nov 14, 2016•9 min•Transcript available on Metacast Rudolf Diesel died in mysterious circumstances before he was able to capitalise on his extraordinary invention: the eponymous engine that powers much of the world today. Before Diesel invented his engine in 1892, as Tim Harford explains, the industrial landscape was very different. Urban transport depended on horses and steam supplied power for trains and factories. Incredibly, Diesel’s first attempt at a working engine was more than twice as efficient as other engines which ran on petrol and ga...
Nov 05, 2016•9 min•Transcript available on Metacast