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50 Things That Made the Modern Economy

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50 Things That Made the Modern Economy

Clock

There’s no such thing as “the correct time”. Like the value of money, it’s a convention that...

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Google

The words 'clever' and 'death' crop up less often than 'Google' in conversation. That’s according...

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Google

The words "clever" and "death" crop up less often than "Google" in conversation. That’s according...

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Insurance

Legally and culturally, there’s a clear distinction between gambling and insurance. Economically,...

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Paper

The Gutenberg printing press is widely considered to be one of humanity’s defining inventions....

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Antibiotics

In 1928 a young bacteriologist named Alexander Fleming failed to tidy up his petri dishes before...

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Billy Bookcase

Low cost, functional and brilliantly efficient, an Ikea Billy bookcase rolls off the production...

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The Compiler

Tim Harford explains the extraordinary power of the compiler: a remarkable innovation which made...

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M-Pesa

Transferring money by text message is far safer and more convenient than cash. M-Pesa, as it is...

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The Lightbulb

The price of light – once too precious to use, now too cheap to notice – explains the profound...

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The Lightbulb

Once too precious to use, now too cheap to notice – the significance of the lightbulb is...

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The Bank

You might think banks are so central to every economy that they have always existed. And they...

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The Barcode

When in 1948 Joseph Woodland ran his fingers through the sand on a Florida beach, observing the...

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The iPhone

Much has been written and said about the contribution of the late Steve Jobs and other leading...

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Concrete

Love it or loathe it, concrete has a pretty poor reputation. It takes a lot of energy to produce...

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The Shipping Container

Shipping goods around the world was – for many centuries – expensive, risky and time-consuming....

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The Haber-Bosch Process

It has been called the greatest invention of the 20th Century – and without it almost half the...

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The Diesel Engine

Rudolf Diesel died in mysterious circumstances before he was able to capitalise on his...

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