Both of the world’s greatest economists, Irving Fisher and John Maynard Keynes, thought they could see into the future and make a killing on the stock market - and then both were wiped out by the Wall Street Crash. One died a pauper, the other millionaire. What does it take to bounce back from ruin? Oh... and UFOs.

Read more about Tim's work at http://timharford.com/

 Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Both of the world’s greatest economists, Irving Fisher and John Maynard Keynes, thought they could see into the future and make a killing on the stock market - and then both were wiped out by the Wall Street Crash. One died a pauper, the other millionaire. What does it take to bounce back from ruin? Oh... and UFOs.Read more about Tim's work at <a href="http://timharford.com/">http://timharford.com/</a> Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective”) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

We tell our children unsettling fairy tales to teach them valuable lessons, but these Cautionary Tales are for the education of the grown ups &ndash; and they are all true. Tim Harford (Financial Times, BBC, author of &ldquo;The Data Detective&rdquo;) brings you stories of awful human error, tragic catastrophes, and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

Cautionary Tales with Tim Harford

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups – and they are all true. Tim Harford (Financial Times, BBC, author of “The Data Detective” and “The Undercover Economist”) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

We tell our children unsettling fairy tales to teach them valuable life lessons, but these Cautionary Tales are for the education of the grown ups &ndash; and they are all true. Tim Harford (Financial Times, BBC, author of &ldquo;The Data Detective&rdquo; and &ldquo;The Undercover Economist&rdquo;) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They'll delight you, scare you, but also make you wiser. New episodes every Friday.

Buried by the Wall Street Crash

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/263548bf-4319-4487-aaeb-ae39003fbd27/transcript

The Herald of Free Enterprise is a new class of ferry that allows cars to drive directly into the ship. The doors must be closed before every departure, or the ship sails with a gaping hole at one end. One black night in 1987, on the freezing waters off Zebrugge, Belgium, a single crew member falls asleep at the worst possible time. 

For the sources, see the show notes at timharford.com

The Herald of Free Enterprise is a new class of ferry that allows cars to drive directly into the ship. The doors must be closed before every departure, or the ship sails with a gaping hole at one end. One black night in 1987, on the freezing waters off Zebrugge, Belgium, a single crew member falls asleep at the worst possible time.&nbsp;
For the sources, see the show notes at <a href="https://timharford.com/">timharford.com</a>

The Doors of Death: The Herald of Free Enterprise 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ff7ffcab-7b9e-497d-a542-b490013f1e6d/transcript

Windscale is supposed to be Britain's big leap into the nuclear age, bringing science fiction to life in 1950s Northern England. But in the race to catch up with America's nuclear program, scientists are tinkering with forces they don't fully understand. When the reactor catches fire, no-one knows how bad it could be, or how to put it out. As the reactor workers scramble to save lives, other eyes on Windscale are much more concerned with containing the political fallout and burying the truth.  

See the show notes at timharford.com.

Windscale is supposed to be Britain's big leap into the nuclear age, bringing science fiction to life in 1950s Northern England. But in the race to catch up with America's nuclear program, scientists are tinkering with forces they don't fully understand. When the reactor catches fire, no-one knows how bad it could be, or how to put it out. As the reactor workers scramble to save lives, other eyes on Windscale are much more concerned with containing the political fallout and burying the truth.&nbsp;&nbsp;
See the show notes at <a href="https://timharford.com/">timharford.com</a>.

"What a Bloody Mess we're in" - Britain's [REDACTED] Accident 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ff9ee0f6-539c-4c8c-a21c-b489013196a4/transcript

If you tuned in to late-night WOR radio in 1950s New York, you'd enter the secret world of Jean Shepherd. Shepherd's nonconformist style, off-beat humor and love of pranks gathered a small but loyal following. These "Night People" loved being in on the joke, while the oblivious "Day People" were often the butt of it. Shepherd's show is long gone, but his spirit lives on in corners of the internet. Today, though, Night People go by a different name.

For a list of sources, see the show notes at timharford.com.

If you tuned in to late-night WOR radio in 1950s New York, you'd enter the secret world of Jean Shepherd. Shepherd's nonconformist style, off-beat humor and love of pranks gathered a small but loyal following. These "Night People" loved being in on the joke, while the oblivious "Day People" were often the butt of it. Shepherd's show is long gone, but his spirit lives on in corners of the internet. Today, though, Night People go by a different name.
For a list of sources, see the show notes at <a href="https://timharford.com/">timharford.com</a>.

Attack of the Night People 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/905efddf-dc6f-4707-b911-b48201109d87/transcript

Buried by the Wall Street Crash

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