Cover image of 50 Things That Made the Modern Economy

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.

Ranked #1

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Tulips

Tulips

In the 1630s, the Netherlands experienced 'tulip mania' - a surge in demand for tulips from wealthy buyers, with some in... Read more

27 Jan 2020

10mins

Ranked #2

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Shipping Container

Shipping Container

The boom in global trade was caused by a simple steel box. Shipping goods around the world was – for many centuries – ex... Read more

19 Nov 2016

8mins

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Ranked #3

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Concrete

Concrete

It's improved health, school attendance, agricultural productivity and farm worker wages, but concrete has a poor reputa... Read more

26 Nov 2016

8mins

Ranked #4

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Barcode

Barcode

How vast mega-stores emerged with the help of a design originally drawn in the sand in 1948 by Joseph Woodland as he sat... Read more

10 Dec 2016

8mins

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Ranked #5

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Banking

Banking

Warrior monks, crusaders and the mysterious origins of modern banking. You might think banks are so central to every eco... Read more

17 Dec 2016

8mins

Ranked #6

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Canned food

Canned food

Developed for the military, dodging bureaucracy and fuelled by venture capital: canned food blazed a trail many of today... Read more

16 Sep 2019

9mins

Ranked #7

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Solar PV

Solar PV

Solar power has been harnessed by civilisations since the days of the ancient Greeks, but it's now on the verge of being... Read more

19 Aug 2019

9mins

Ranked #8

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Index Fund

Index Fund

Warren Buffett is the world’s most successful investor. In a letter he wrote to his wife, advising her how to invest aft... Read more

17 Jan 2019

9mins

Ranked #9

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Blockchain

Blockchain

Billions are being poured into startups working on blockchain, the technology behind Bitcoin. Supporters say it could be... Read more

24 Jun 2019

10mins

Ranked #10

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Retirement

Retirement

As populations age, pension systems around the world are coming under strain. Governments, employers and economists are ... Read more

23 Dec 2019

10mins

Ranked #11

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SWIFT

SWIFT

The Society for Worldwide Interbank Financial Telecommunication - SWIFT - solved some big problems with international fi... Read more

11 Nov 2019

10mins

Ranked #12

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Number 51

Number 51

Revealed – the winning 51st Thing! What won the vote to be added to our list of 50? We asked for ideas for an extra “thi... Read more

28 Oct 2017

9mins

Ranked #13

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Chatbot

Chatbot

It's claimed that some computers can now pass the Turing test: convincing people that they are human. Tim Harford asks h... Read more

26 Aug 2019

10mins

Ranked #14

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RFID: The tech you’ve never heard of – but use every day

RFID: The tech you’ve never heard of – but use every day

Radio frequency identification - RFID - is the foundation on which many contactless technologies are built. But is it ge... Read more

29 Jul 2019

10mins

Ranked #15

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Wedgwood

Wedgwood

Josiah Wedgwood is arguably the best-known name in the history of pottery - but it's not just his pots that made their m... Read more

4 Nov 2019

9mins

Ranked #16

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Sewing machine

Sewing machine

Women's lives were transformed by sewing machines, which made a "never-ending, ever-beginning task" far less arduous and... Read more

9 Dec 2019

9mins

Ranked #17

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Cold Chain

Cold Chain

The global supply chain that keeps perishable goods at controlled temperatures has revolutionised the food industry. It ... Read more

14 Oct 2017

9mins

Ranked #18

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Glasses

Glasses

Spectacles have been around for centuries, and have a huge impact on many people's quality of life. So why is it estimat... Read more

28 Oct 2019

10mins

Ranked #19

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Limited Liability Company

Limited Liability Company

Nicholas Murray Butler was one of the great thinkers of his age: philosopher; Nobel Peace Prize-winner; president of Co... Read more

22 Jul 2017

9mins

Ranked #20

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QWERTY

QWERTY

The QWERTY keyboard layout has stood the test of time, from the clattering of early typewriters to the virtual keyboard ... Read more

15 Apr 2019

8mins

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