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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)

Tim Harford tells the fascinating stories of inventions, ideas and innovations which have helped create the economic world.