logo
episode-header-image
Oct 2019
9m 44s

Vickrey turnstile

Bbc World Service
About this episode

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.

Up next
Jul 2021
Introducing: Season 2 of 30 Animals That Made Us Smarter
How animals make us smarter – we thought you might like to hear our brand new episode. It’s about a robotic arm inspired by an elephant’s trunk.For more, search for 30 Animals That Made Us Smarter wherever you get your podcasts.#30Animals 
18m 4s
Mar 2020
Introducing 13 Minutes to the Moon Season 2
Jump on-board a doomed mission to the Moon. Apollo 13: the extraordinary story, told by the people who flew it and saved it. Search for 13 Minutes to the Moon wherever you get your podcasts. #13MinutestotheMoon 
3m 53s
Mar 2020
Gutenberg press
Johannes Gutenberg's printing press changed the course of human history. It created a new way of doing business, drastically reduced the cost and speed of making books, and enabled texts, ideas and arguments to spread further and faster than ever before. So why did he struggle to ... Show More
10m 10s
Recommended Episodes
Jul 2023
How extreme heat in the US is affecting business
Businesses in South-West of the United States explain how the weather is impacting them. ‘Flying taxis’ could be become a reality in some cities as soon as 2026. And, we discuss Burberry, the 170 year old high-fashion brand built on its British principles. 
27m 15s
Dec 2020
Dave Welling on What Financial Services Should Look Like
Bloomberg Opinion columnist Barry Ritholtz speaks with Dave Welling, CEO of Mercer Advisors, a Denver-based RIA that manages more than $21 billion. Welling's nontraditional career path involves experience in consulting, private equity and technology, which has given him a unique ... Show More
1h 16m
Aug 2022
Business Daily Meets: Pernilla Nyresten
Pernilla Nyrensten made history when she became the first female founding CEO to float a company on the Stockholm stock exchange since the its inception 160 years ago. She started her retail business, RevolutionRace in 2013 just less than $30,000 today the firm was recently value ... Show More
18m 4s
Oct 2022
4 Business Ideas That Changed the World: Disruptive Innovation
In the 1980s, Clayton Christensen cofounded a startup that took over a market niche from DuPont and Alcoa. That experience left Christensen puzzled. How could a small company with few resources beat rich incumbents? It led to his theory of disruptive innovation, introduced in the ... Show More
45m 28s
Jan 2022
Business Weekly
On this edition of Business Weekly, we’re looking at the tech giant Apple. Its value tipped over the $3 trillion mark on the New York stock Exchange at the start of the year. We hear from Dan Ives of Wedbush Securities on possible further avenues of growth for the company. We’ll ... Show More
50m 6s
Jan 2021
Introducing Business Movers
In Wondery’s newest series, Business Movers, host Lindsay Graham dives deep into the inner workings of some of the most successful companies of all time. From the origin stories of their famed leaders to the million-dollar idea that catapulted them to success, how exactly did the ... Show More
6m 57s
Sep 2022
Reinventing an Iconic Independent Bookstore
In 2020, Kwame Spearman made the career-shifting decision to leave a New York City-based consulting job to return to his hometown of Denver, Colorado, and take over an iconic independent bookstore, The Tattered Cover. Spearman saw an opportunity to reinvent the local business to ... Show More
28 m
Jun 2023
Having a million dollars doesn't make you wealthy any more
Rob Williams, managing director of financial planning for Charles Schwab, discusses the firm's 2023 Modern Wealth Survey, which showed that Americans feel they need $2.2 million to actually 'be wealthy,' but just $560,000 to 'feel wealthy,' noting that the difference involves lif ... Show More
1h 4m
Apr 2024
Disruptive Innovation in the Era of Big Tech
In 1995, the late and legendary Harvard Business School professor Clayton Christensen introduced his theory of “disruptive innovation” right here in the pages of the Harvard Business Review. The idea inspired a generation of entrepreneurs and businesses, ranging from small start- ... Show More
47m 39s