When the Robots Take Over... - Cautionary Questions
Tim Harford is joined by Jacob Goldstein to answer your questions. Does winning the lottery make you unhappy? Is Bitcoin bad for the economy? When does correlation imply causation? And what will Tim and Jacob do when the robot overlords come for their jobs? We love hearing from you, so please keep your questions coming: tales@pushkin.fm.See omnystudio.com/listener for privacy information.
24 Maj 202439min
WW2: How Britain Ignored the Mother of All Secrets
Neatly dressed in his suit, Hans Ferdinand Mayer was every inch the unassuming corporate executive. So, when he asked to borrow a typewriter from his hotel in Oslo, nobody could have guessed he would use it for one of the most extraordinary intelligence leaks in history. Mayer's gloved fingers punched out the details of Nazi Germany's most sensitive military operations and, when he had finished, he immediately dispatched his documents to the British — who did nothing. Why did the British ignore Mayer? Did they fail to pick out a crucial signal amid the noise of detail — or was something else going on? This episode of Cautionary Tales is based, with permission, on Tom Whipple’s book The Battle of the Beams, which is available from all good booksellers. For a full list of sources, see the show notes at timharford.com.See omnystudio.com/listener for privacy information.
10 Maj 202442min
The Fraudster's Guide to Magic Money
Sam Israel had a problem. The investors in his hedge fund, Bayou Capital, were expecting spectacular returns. Sam himself had spent years proclaiming the fund's brilliant results. But in reality, Sam had been marking his own homework, publishing fraudulent accounts and using these to lure in new investors. What to do? Well, the logical thing of course: wait around for an extraordinary profitable streak, and in the meantime keep up the ruse... This episode of Cautionary Tales was recorded live at the Bristol Festival of Economics and studies three incredible investment scams. How do pyramid and ponzi schemes snowball out of control, flattening victim and fraudster alike? For a full list of sources, see the show notes at timharford.com.See omnystudio.com/listener for privacy information.
26 Apr 20241h
Blood and Gold (with Dan Snow)
Bonus: When Spanish conquistadors arrived in Peru in 1526, it was the beginning of the end for the Inca. Their bloody pursuit of gold, fame and fortune was rife with treachery and deceit. Within a few short years, the once-thriving Inca empire had been decimated. Tim Harford is joined by Dan Snow for a special crossover episode of Cautionary Tales and Dan Snow's History Hit. Tim and Dan first recap the spectacular defeat of the French knights at the Battle of Crécy in 1346, and then draw surprising parallels with the fall of the Inca Empire two centuries later.See omnystudio.com/listener for privacy information.
23 Apr 202440min
The Rise and Fall of a Megalomaniac
Nicolae Ceaușescu was not beloved. His regime was vicious and he treated Romania as his personal wallet: while Ceaușescu emptied the coffers to construct a vast, ornate palace, his people starved. He imposed disastrous population control policies on his country, too, which saw hundreds of thousands of unwanted children left to rot in squalid orphanages. Ceaușescu's rule endured for a quarter of a century - then crumbled overnight. How do dictatorships unravel? In a second episode, Tim Harford partners with HBO's new series "The Regime" to investigate real-life dictatorships and the social science that explains them. For a full list of sources, see the show notes at timharford.com.See omnystudio.com/listener for privacy information.
12 Apr 202458min
Inside the Bizarre World of Dictators
Why are so many autocrats germaphobes? Why was the truth so dangerous for Soviet engineers? And what can salami reveal to us about the mind of Vladimir Putin? This is the first of two special episodes in partnership with HBO's new series "The Regime". Tim Harford investigates real-life dictatorships and the social science that explains them, drawing on insights from game theory and psychology. For a full list of sources, see the show notes at timharford.com.See omnystudio.com/listener for privacy information.
29 Mars 202442min
Do Nothing, Then Do Less
Chuck Yeager's plane pitched and rolled as it plummeted from the sky. He grappled with the controls inside the cockpit, but to no avail: he couldn't steady the aircraft. The test pilot was known for his nerves of steel but, as the barren Mojave Desert hurtled towards him, even he was afraid. What to do? It's tempting to think that adding to our lives - more action, more work, more possessions - will lead to greater success and happiness. But sometimes doing less is the better option, as Chuck Yeager was to learn the hard way. In their second crossover episode, Tim Harford teams up with Dr Laurie Santos (host of The Happiness Lab) to examine why subtraction can be so challenging and so helpful.See omnystudio.com/listener for privacy information.
15 Mars 202435min
Buried Evil: V2 Rocket (Part 3)
As US troops approached a Nazi prison camp, they could hear agonized wailing. The stench of rotting flesh filled their nostrils. Moments later they discovered a pile of smoldering corpses, alongside emaciated survivors. Next to the concentration camp they found something else: tunnels filled with tools — and partially assembled rockets. The soldiers had hit upon the evil heart of the V2 manufacturing program: enslaved laborers, imprisoned underground. And the rocket program's director? Wernher von Braun had already fled. He now had just one concern: persuading the Americans to let him switch sides… For a full list of sources, see the show notes at timharford.com. Do you have a question for Tim? Send it to tales@pushkin.fm and we'll do our best to answer it in a Q&A episode.See omnystudio.com/listener for privacy information.
1 Mars 202439min
