
50 Things That Made the Modern Economy
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Sewing machine
Women's lives were transformed by sewing machines, which made a "never-ending, ever-beginning task" far less arduous and time-consuming. But Isaac Singer, who made his fortune from these devices, was far from a champion of women's rights. Tim Harford tells a story of how self-interest can sometimes be a powerful driver for social change.

Hollerith punch card
Data is a hugely profitable commodity - if you know how to process it. Tim Harford tells the story of Herman Hollerith, and how his 19th-century machine for processing census data laid the foundations for some of the world's most valuable companies.

Stock option
In theory, stock options should motivate executives to perform better by tying their pay to their company's performance. So why do some argue the practice has just become a way for the highest earners to boost their salaries even further? Tim Harford turns to ancient Greek philosophy and Bill Clinton's presidency in search of the answer.

Fundraising appeal
Tim Harford goes back to the 1900s to tell the story of how charity fundraising became big business. But in the social media age, what's the most effective way to get people to give?

SWIFT
The Society for Worldwide Interbank Financial Telecommunication - SWIFT - solved some big problems with international financial transfers, making them more secure and reliable than ever before. However, as Tim Harford explains, the global political climate means it might now be facing its greatest challenge.

Wedgwood
Josiah Wedgwood is arguably the best-known name in the history of pottery - but it's not just his pots that made their mark on history. Tim Harford explains how a business model Wedgwood devised in the 18th Century still underpins the modern fashion industry.

Glasses
Spectacles have been around for centuries, and have a huge impact on many people's quality of life. So why is it estimated that more than two billion people aren't aware that they need them? Tim Harford considers the difference that seeing clearly makes to the world.

Vickrey turnstile
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.

GPS
How dependent is the world on GPS - and what would happen if it stopped working? Tim Harford explains why it's not just our ability to navigate that would be affected.

Bonsack machine
In 1881, James Bonsack developed a machine that made it far easier to mass-produce cigarettes. But at the time, other tobacco products were much more popular – so manufacturers had to find new ways of getting people’s attention. Tim Harford explains why the methods they devised are still working on consumers today.


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Latest Episodes
Sewing machine
Women's lives were transformed by sewing machines, which made a "never-ending, ever-beginning task" far less arduous and time-consuming. But Isaac Singer, who made his fortune from these devices, was far from a champion of women's rights. Tim Harford tells a story of how self-interest can sometimes be a powerful driver for social change.

Hollerith punch card
Data is a hugely profitable commodity - if you know how to process it. Tim Harford tells the story of Herman Hollerith, and how his 19th-century machine for processing census data laid the foundations for some of the world's most valuable companies.

Stock option
In theory, stock options should motivate executives to perform better by tying their pay to their company's performance. So why do some argue the practice has just become a way for the highest earners to boost their salaries even further? Tim Harford turns to ancient Greek philosophy and Bill Clinton's presidency in search of the answer.

Fundraising appeal
Tim Harford goes back to the 1900s to tell the story of how charity fundraising became big business. But in the social media age, what's the most effective way to get people to give?

SWIFT
The Society for Worldwide Interbank Financial Telecommunication - SWIFT - solved some big problems with international financial transfers, making them more secure and reliable than ever before. However, as Tim Harford explains, the global political climate means it might now be facing its greatest challenge.

Wedgwood
Josiah Wedgwood is arguably the best-known name in the history of pottery - but it's not just his pots that made their mark on history. Tim Harford explains how a business model Wedgwood devised in the 18th Century still underpins the modern fashion industry.

Glasses
Spectacles have been around for centuries, and have a huge impact on many people's quality of life. So why is it estimated that more than two billion people aren't aware that they need them? Tim Harford considers the difference that seeing clearly makes to the world.

Vickrey turnstile
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.

GPS
How dependent is the world on GPS - and what would happen if it stopped working? Tim Harford explains why it's not just our ability to navigate that would be affected.

Bonsack machine
In 1881, James Bonsack developed a machine that made it far easier to mass-produce cigarettes. But at the time, other tobacco products were much more popular – so manufacturers had to find new ways of getting people’s attention. Tim Harford explains why the methods they devised are still working on consumers today.

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