9 min listen
Limited Liability Company
ratings:
Length:
9 minutes
Released:
Jul 22, 2017
Format:
Podcast episode
Description
Nicholas Murray Butler was one of the great thinkers of his age: philosopher; Nobel Peace Prize-winner; president of Columbia University. When in 1911 Butler was asked to name the most important innovation of the industrial era, his answer was somewhat surprising. “The greatest single discovery of modern times,” he said, “is the limited liability corporation”. Tim Harford explains why Nicholas Murray Butler might well have been right.
Producer: Ben Crighton
Editors: Richard Knight and Richard Vadon
(Image: LLC. Credit: Getty Images)
Producer: Ben Crighton
Editors: Richard Knight and Richard Vadon
(Image: LLC. Credit: Getty Images)
Released:
Jul 22, 2017
Format:
Podcast episode
Titles in the series (100)
Shipping Container: The boom in global trade was caused by a simple steel box by 50 Things That Made the Modern Economy