9 min listen
Vickrey turnstile
ratings:
Length:
10 minutes
Released:
Oct 21, 2019
Format:
Podcast episode
Description
In 1952, economist William Vickrey devised an innovative system of turnstiles to help solve a major problem on New York’s subway network. It never became a reality, but, as Tim Harford explains, the idea behind it has had a major influence on how companies decide what to charge us for goods and services today.
Released:
Oct 21, 2019
Format:
Podcast episode
Titles in the series (100)
Barcode: How vast mega-stores emerged with the help of a design originally drawn in the sand by 50 Things That Made the Modern Economy