Cautionary Tales with Tim Harford

Lise Meitner has fought for her entire life to be seen as a scientist, slowly building a career as a nuclear physicist in Berlin. When Adolf Hitler rises to power, the small gains she's made are snatched away. As a Jewish woman, Lise has a critical decision to make: is her passion for science worth her life?

An earlier version of this podcast mistakenly gave the wrong date for the bombing of Hiroshima. We apologize for the error.

Can game theory be used to win a world cup? Can you pay the way out of political corruption? And are there winning strategies in life we don't use because we're too embarrassed? Tim teams up with Nate Silver and Maria Konnikova, poker connoisseurs and the hosts of podcast Risky Business to answer your questions, tackling everything from sports, to tariffs, to the evils of smartphones.

For a full list of sources, see the show n...

Sixteen years have passed since Ferdinand De Lesseps' catastrophic failure in Panama and the dramatic collapse of the French Panama Canal company. Now, President Theodore Roosevelt has picked up the task. “No single great material work,” Roosevelt tells Congress, “is of such consequence to the American people.”

The Americans have their work cut out. Enter chief engineer John Stevens. How does he spot ...

Ferdinand De Lesseps, "the Great Frenchman", is convinced that he is the man to build the Panama Canal. No, he isn't an engineer and, no, he's never actually been to Panama before. But he managed to dig the Suez Canal, and everyone said that would be impossible too. How hard can it be?

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

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In 1978 the world is on the brink of declaring victory over smallpox. No cases have been seen for months, and it looks like the end for a deadly, painful disease. When a photographer in Birmingham begins to feel ill, doctors are mystified: it looks like smallpox, but how could she have caught it? As they try to contain the outbreak, questions about blame and lab safety erupt in a media frenzy, questions that remain today.

For ...

In 1900, two friends in the flourishing Arts and Crafts Movement in London share a vision: to print the ultimate edition of the Bible. Together they create The Doves Press, and its unique font, Doves. But in their quest to make something beautiful, the friends spiral towards an act of incredible ugliness.

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

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Cautionary Tales returns with a new episode on May 2nd.

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.

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Here's a special episode from our friends at You Must Remember This. Hitchcock’s most iconic decade— a decade of Technicolor grandeur and peril inflicted on famous blondes—came to an end in 1964 with Marnie, a critical and box office flop which wounded Hitchcock’s ego and left him unsure how to move forward in a changing world. His four final films—Torn Curtain, Topaz, Frenzy, Family Plot—are the...

20 years ago, a book called Freakonomics became an instant bestseller and worldwide sensation. Tim Harford got his hands on the first copy that Steve Levitt ever signed... and promptly sold it on eBay. In this Cautionary Conversation, the pair are reunited to discuss the Freakonomics phenomenon, why Levitt left the hostile world of academia, and how simple changes could revolutionise everything from education to organ donation.

When Britain entered its first Covid-19 lockdown in March 2020, many found comfort in evoking the British wartime spirit. A timely hero emerged - Captain Tom Moore, a WWII veteran who walked up and down his garden to raise money for frontline nurses. But when the fundraising switched to a new charity, did anyone think to check where was the money was going?

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

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Fearing for his life, Harry Houdini leaves secret codes with his loved ones, promising to use them in any post-mortem messaging. In 1926, Houdini's death shocks the world, but the news that follows is even more astounding. A report of the impossible: contact has been made.

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

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Harry Houdini finds an ally in his fight against spiritualism, a brilliant detective called Rose Mackenberg, who'll do whatever it takes to expose a fake. Together, the two head to Washington to try and get lawmakers to criminalise mediums. The hearing that follows will be violent, sensational and leave Houdini fearing for his life.

This is the second of a three-part series.

For a full list of sources, see the show ...

Harry Houdini is remembered today for his legendary escapes and illusions, but he also had a lifelong obsession with the paranormal. After dabbling in fake seances himself, Houdini made it his mission to uncover frauds and expose mediums. This would put him on a collision course with his spiritualist friend, Arthur Conan Doyle, and leave him fearing for his life.

This is the first of a three-part series.

For a full list of ...

Do we trust our fitness trackers too much? How do fraudsters gain our faith? Why do people trust podcasters? And would you trust a drug dealing nanny with a tambourine? Tim Harford is joined by trust expert Rachel Botsman to answer your questions.

Rachel lectures in trust at Oxford University and her new audiobook How To Trust and Be Trusted is available via Pushkin.fm and wherever audiobooks are sold.

We love hearin...

When Ernest Borgnine gets his big break in Hollywood, he can hardly believe his luck. But soon he discovers his supposed star vehicle, Marty, is not the dream gig he thought it was.

In this episode of Cautionary Tales, recorded live at the Bristol Festival of Economics, Tim Harford examines what happens when the murky world of tax avoidance collides with the glitz and glamour of Hollywood.

For a full list of sources, see th...

"Down Under" was huge. This jokey ode to legendary Australian wanderlust helped Men at Work win a Grammy and was a key part of the band's creative legacy. By 2007, it had been earning Men At Work a steady stream of royalties for nearly 30 years. That was when a quiz show pointed out the song's subtle connection with an Australian nursery rhyme...

Tim Harford examines one of the most controversial copyright battles in music his...

Tim Harford is joined by Ben Walter, CEO of Chase for Business and the host of "The Unshakeables" podcast, to explore the story of the trailblazing Widow Clicquot. Her namesake brand Veuve Clicquot revolutionized the champagne industry in the 19th century. Tim and Ben look at how she defied expectations and built one of the most iconic businesses in history. 

This episode is sponsored by Chase for Business. For a full list of ...

Leah Washington and her new boyfriend Joe Pugh are on their first day out together. They're at Alton Towers theme park, where they've chosen to ride the "Smiler" rollercoaster: a terrifying tangle of track that loops and swoops through a world-record 14 inversions. Leah and Joe are seated right at the front of the train and, as they reach the highest point of the ride, they steel themselves for the drop. But then, quite sudden...

Cautionary Conversation: In the 1920s, a conman convinced America that goat testicles were the secret to male virility. Tim Harford and Dr Kate Lister (Betwixt the Sheets: The History of Sex, Scandal & Society) dive into the bizarre and grisly tale of "Doctor" John Brinkley. This snake oil salesman mobilised the power of radio marketing to build an empire on goat gland transplants and other quack "cures". And Brinkley migh...