Cautionary Tales with Tim Harford

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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.

The Village of Heroes July 3, 2020
In 1665, the people of Eyam went into lockdown to halt the spread of the plague. Have we failed to follow their example?
The Village of Heroes July 3, 2020
In 1665, the people of Eyam went into lockdown to halt the spread of the plague. Have we failed to follow their example?
The Village of Heroes July 3, 2020
It looked like any ordinary roll of cloth, but it brought the dreaded plague to the village of Eyam. First it killed the tailor, then resident after resident succumbed. To stop the spread of the disease to neighbouring towns the people of Eyam agreed to isolate themselves and let the …
How much would the government pay to save your life? Well... it depends.
Clive had a deadly form of cancer, but fortunately there was a new drug to treat it. Imagine his anger when he was told the treatment was too expensive. He’d entered a world where unique human lives are given a value in a mathematical formula. So how much should we …
A Tsunami of Misery June 19, 2020
Saving people from an urgent threat can cause their lives to be blighted in profound, yet hidden ways.
A Tsunami of Misery June 19, 2020
A monstrous wave and then a nuclear disaster forced Mikio and Hamako Watanabe from their home. But being saved from the potential dangers of a radiation leak destroyed their lives in a different way. Why do we overlook the fact that taking action against an urgent danger can also cause …
Why did audience members fail to flee a deadly fire... despite being told to escape?
Flames are spreading through a Cincinnati hotel. The staff know it, the fire department is coming, and the people in the packed cabaret bar have been told to evacuate… and yet they hesitate to leave. Why don’t we react to some warnings until it’s too late? Read more about Tim's …
In this special episode of Cautionary Tales, we feature Tim Harford's TED Talk Daily from 2018.
In this special episode of Cautionary Tales, we feature Cautionary Tales host Tim Harford's TED Talk Daily from 2018. What can we learn from the world's most enduringly creative people? They "slow-motion multitask," actively juggling multiple projects and moving between topics as the mood strikes -- without feeling hurried. Tim …
If you rely on fortune tellers, GPS or clever forecasting algorithms to guide you through live... you may end up in a bad place.
We may mock our ancestors for seeking the advice of oracles, soothsayers and psychics, but today we rely heavily on computer programs and math formulas to help us navigate our world. If we continue to follow them unthinkingly, should we be surprised when we end up in unexpected and dangerous …
Sometimes we do our best work not when things are going well, but when a wrench has been thrown in the works.
It was the biggest concert of Keith Jarrett's career - but the pianist was in for a shock when he entered Koln's opera house. The only piano at the venue was a broken-down wreck. Should he risk humiliation and play anyway or simply walk out? The collaboration between pop superstar …
Why big and successful organisations can't always see a brilliant idea that's staring them in the face.
In 1917, a brilliant British officer developed a way to use an emerging military technology: the tank. The British army promptly squandered the idea – but the Germans did not. Blitzkrieg, the devastating advance of German tanks across Europe in 1940, was invented by the British. This is a common …
A tale of two men who faced ruin because they thought they could predict the financial future... and how one bounced back.
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 …
The Deadly Airship Race Nov. 29, 2019
Competition can makes things better, but when two airships were pitted against one another the result was disaster.