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 other 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 – 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 other 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.

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.

Buried by the Wall Street Crash

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

“Evacuate the airport, we’ve planted bombs,” a terrorist tells the telephone operator at the airport in Gran Canaria, in 1977. By the end of that day, 583 people will have lost their lives – but not to a bomb explosion.

The planes are diverted to the neighboring island of Tenerife. Loaded with passengers, they’re forced to sit on the hot tarmac for hours. Meanwhile, the flight crews rely on air traffic control to keep them updated.

Two Boeing 747s are waiting for thick fog to lift so that they can begin the journey home; they're anxious to receive clearance to take off. One of them has just taken on a hefty 15,000 gallons of fuel. What unfolds next is the most deadly aviation accident in history.
For a full list of sources see the show notes at timharford.com.

&ldquo;Evacuate the airport, we&rsquo;ve planted bombs,&rdquo; a terrorist tells the telephone operator at the airport in Gran Canaria, in 1977. By the end of that day, 583 people will have lost their lives &ndash; but not to a bomb explosion. The planes are diverted to the neighboring island of Tenerife. Loaded with passengers, they&rsquo;re forced to sit on the hot tarmac for hours. Meanwhile, the flight crews rely on air traffic control to keep them updated. Two Boeing 747s are waiting for thick fog to lift so that they can begin the journey home; they're anxious to receive clearance to take off. One of them has just taken on a hefty 15,000 gallons of fuel. What unfolds next is the most deadly aviation accident in history. For a full list of sources see the show notes at&nbsp;<a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1735932766318000&amp;usg=AOvVaw3uKb3q2Amz1y_uZCbAkPbc">timharford.com</a>.

Cleared For Take-Off? (Tenerife Air Disaster 1)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1b579531-5d4b-473a-b789-b25901485416/transcript

Cautionary Tales returns with new episodes on January 10th.

Lizzie J. Magie (played by Helena Bonham Carter) should be celebrated as the inventor of what would become Monopoly. But, even though she had a patent, her role in creating the smash hit board game was cynically ignored.

Discrimination has marred the careers of many inventors and excluded others from the innovation economy entirely. Could crediting forgotten figures such as Lizzie Magie help change that?

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

Cautionary Tales returns with new episodes on January&nbsp;10th.
Lizzie J. Magie (played by Helena Bonham Carter) should be celebrated as the inventor of what would become Monopoly. But, even though she had a patent, her role in creating the smash hit board game was cynically ignored.
Discrimination has marred the careers of many inventors and excluded others from the innovation economy entirely. Could crediting forgotten figures such as Lizzie Magie help change that?
For a full list of sources, see the show notes at&nbsp;<a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1734609554460000&amp;usg=AOvVaw3mPOQdpbfuJvgNSRZF7d7g">timharford.com</a>.&nbsp;

Do NOT Pass GO! (Classic)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97d37b79-3cf1-4314-8535-b24a01091098/transcript

When James Dallas Egbert III was reported missing from his college dorm in 1979, one of America's most flamboyant private detectives was summoned to solve the case. "Dallas" faced the same problems as many teenagers, but P.I. William Dear stoked fears that he might have fallen under the evil spell of a mysterious and sinister game: Dungeons & Dragons...

Tim Harford returns with brand new episodes of Cautionary Tales on January 10th. In the meantime, Merry Christmas from the Cautionary Tales team!

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

When James Dallas Egbert III was reported missing from his college dorm in 1979, one of America's most flamboyant private detectives was summoned to solve the case. "Dallas" faced the same problems as many teenagers, but P.I. William Dear stoked fears that he might have fallen under the evil spell of a mysterious and sinister game: Dungeons &amp; Dragons...
Tim Harford returns with brand new episodes of Cautionary Tales on January&nbsp;10th. In the meantime, Merry Christmas from the Cautionary Tales team!
For a full list of sources, see the show notes at&nbsp;<a href="http://timharford.com/" data-saferedirecturl="https://www.google.com/url?q=http://timharford.com/&amp;source=gmail&amp;ust=1734126103280000&amp;usg=AOvVaw0xGp6rdYTHPMrJdxAjlqYn">timharford.com</a>.&nbsp;

Demonizing Dungeons & Dragons (Classic)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3a052bed-603c-4ae8-aca4-b245012e9417/transcript

Buried by the Wall Street Crash

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