Fifty Things that Made the Modern Economy

Fifty Things that Made the Modern Economy (2017) by Tim Harford is a history of fifty very important technologies that have had a huge impact on the modern economy. It’s a bit like James Burke’s superb TV shows Connections and the Day the Universe changed but for the loyal listener set. Chapters from the book were first put into a podcast series that is also very interesting and well done.

Harford was a professional economist before becoming a writer for the Financial Times and then a presenter on BBC radio. He’s written a number of books on economics and has now written this one looking at a range of technologies. He hasn’t tried to pick the most important items, like the wheel, or light, because so many other people have looked at them. Instead it’s an inspired list of varying items and the tales behind them.

The items include : The Plough, Barbed Wire, Robots, The Welfare State, Infant Formula, TV Dinners, The Pill, Video Games, Market Research, Air Conditioning, Department Stores, The Dynamo, The Shipping Container, The Barcode, Tradable Debt and the Tally Stick, The Billy Bookcase, The Elevator, Cuneiform, Public Key Cryptography, Double-Entry Bookkeeping and the Light Bulb. They vary considerably.

Each chapter is very interesting on its own and the whole is even greater than the sum of the parts. The chapters are also quite short and so the book can be read in nice short chunks if desired. Each chapter has extensive references as well so anyone who wants to go into more depth can easily go off and read books about the inventions.

It’s really a great read and something that is really informative. Even if you have listened to the podcasts you’ll also find more in the book. It’s definitely one of Harford’s best books and for anybody at all interested in technology or the impacts of technology it’s highly recommended.

 

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