50 Things That Made the Modern Economy

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

http://www.bbc.co.uk/programmes/p04b1g3c

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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.


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 October 21, 2019  9m