Cautionary Tales with Tim Harford
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 Friday.
Episodes (53)
True Lies and Genuine Fakes
In 1998, an art gallery gets a mysterious phone call. The caller claims they have been fooled by a master forger and that many of their prized paintings are fakes. Or are they? This is the story of...
Stalling for Survival - A Lonely Fight Against a Deadly Medicine
In 1960, FDA scientist Frances Oldham Kelsey is tasked with approving an application for a mild sedative to be sold in America. The drug is popular across Europe and is touted to be free of side...
Announcing: The Cautionary Club
Do you want more Cautionary Tales episodes in your life? Do you want access to behind the scenes stories and bonus conversations with Tim? Do you want to support us in making the show? We're excited...
Disaster Favours the Daring: Shipwreck at Honda Point
In 1923, legendary navigator Captain Dolly Hunter led a squadron of warships into America’s worst peacetime naval catastrophe. The mission was supposed to be a speed trial, a display of the...
Paradise Poisoned: How Utopias Fall Apart
Dore Strauch and Friedrich Ritter make an unconventional couple, united by their contempt for shoes, root vegetables and, above all, society. In 1929 they leave Germany and begin anew on the deserted...
"Genius Still Unrecognised" - The Worst Poet in the World
William McGonagall's poems are something else. The jarring meter, the banal imagery, the awkward rhymes: they made him a laughing stock in 19th Century Scotland and are still derided to this day. How...
Office Hell: The Demise of the Playful Workspace (Classic)
In the early 90s, cutting-edge advertising agency Chiat/Day announced a radical plan, aimed at giving the company a jolt of creative renewal. They would sweep away corner offices and cubicles and...
Number Fever: How Pepsi Nearly Went Pop (Classic)
Pepsi twice ended up in court after promotions went disastrously wrong. Other big companies have fallen into the same trap - promising customers rewards so generous that to fulfil the promise might...
Fire at The Beverly Hills Supper Club (Update)
It's been five years since Cautionary Tales ran a mini-series about the Covid-19 pandemic, exploring the lessons we were learning in real time as the crisis unfolded. 'Fire at The Beverly Hills Supper...
"Captain Kirk Forgot to put the Machine on Stun"
Lying on the cold metal table, Voyne Ray Cox knew the drill. This was his ninth round of cancer treatment - which is why he was certain that what happened next couldn't be right. He heard a sizzling...
"I get in trouble when I say things like this" - Michael Lewis on Sam Bankman-Fried
Acclaimed author Michael Lewis discusses his time with Sam Bankman-Fried and why he thinks both high finance and Effective Altruism shaped the 'Crypto King's' worldview, ultimately landing him in...
Grand Theft Automated: How to Save a Trillion Lives
A radical thought experiment transforms the lives of a new breed of philanthropists, as they follow the logic of altruism to extraordinary lengths. The most famous convert to the Effective Altruism...
The Man who Solved Kindness
George Price is on a mission to prove that human kindness is real. He's seen the latest research suggesting any altruism is ultimately selfish and finds it deeply depressing. George decides to learn...
The Shark That Ate Hollywood: Jaws at 50
Steven Spielberg thought his career was finished. He was behind schedule, his actors were fighting, the crew were mutinous and worst of all, his shark was broken. It looked like Jaws was destined for...
Le Mans 55: The Deadliest Race
The annual Le Mans 24 Hour race brings in hundreds of thousands of spectators to watch the giants of motor racing put their endurance to the ultimate test. Every year, technology improves and the cars...
The Nazis, the Bomb, and the Woman that Science Forgot
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...
Give Politicians a Raise, Smuggle Smartphones into School, and go Full Donk! Cautionary Questions with Risky Business
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...
Roosevelt and the Renegade (Panama Disaster 2)
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...
The Great Frenchman's Folly (Panama Disaster 1)
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...
Lab Leak: Could Smallpox Come Back?
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...
"Dangerously Near to Absolute Perfection"
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....
Buried by the Wall Street Crash (Classic)
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...
Presenting: You Must Remember This - Alfred Hitchcock
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...
“I love being the person who doesn’t know anything” - Why Steven Levitt has swapped academia for podcasting
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...
The Old Man and the Wrecking Crew
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...
Houdini: The Phone Call from the Coffin (Part 3)
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...
Houdini's Detective and her 1500 Dead Husbands (Part 2)
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...
Houdini: A Message from the Spirits (Part 1)
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...
Would You Trust a Gangster Nanny? - Cautionary Questions with Rachel Botsman
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...
Lights, Camera, Tax Break
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...
The Nursery Rhyme That Ruined a Rock Band
"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...
The Widow Who Disrupted Champagne (with Ben Walter)
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...
The Thrill and the Drop: A First Date Rollercoaster
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...
Dr. Brinkley's Miracle Cure For Impotence (with Betwixt The Sheets)
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...
The Night of the Mugger
Winston Trew has just been arrested for mugging. It's 1972 and the crime has recently made its way to Britain from the United States. Dangerous thugs, replicating their American counterparts, have...
Missing on "Dead Mountain": A Cold War Cold Case
In the bleak Russian winter of 1959, nine experienced hikers led by Igor Dyatlov set out on an expedition. None of them made it back alive. When their campsite was finally discovered, it told a...
Frozen in a Burning 747 (Tenerife Air Disaster 2)
Two airplanes have just collided on the runway at Tenerife Airport. While no one on the Amsterdam-bound KLM plane survives the resulting fireball, 71 Pan-Am passengers and crew make it off their...
Cleared For Take-Off? (Tenerife Air Disaster 1)
“Evacuate the airport, we’ve planted bombs,” a terrorist tells the telephone operator at the airport in Gran Canaria, in 1977. By the end of that day, 583 people will have lost their...
Do NOT Pass GO! (Classic)
Cautionary Tales returns with new episodes on January 10th. Lizzie J. Magie (played by Helena Bonham Carter) should be celebrated as the inventor of what would become Monopoly. But, even though...
Demonizing Dungeons & Dragons (Classic)
When James Dallas Egbert III was reported missing from his college dorm in 1979, one of America's most flamboyant private detectives was summoned to solve the case. "Dallas" faced the same problems as...
Captain Coward and the Blame Game
Off the coast of an Italian island, an enormous cruise ship - seventeen floors high, three soccer pitches long - is tilting noticeably to one side. The local mayor is horrified: there are thousands of...
Get Happier, Help Others: Some Good Ideas About Giving
It's the season of giving: colorful paper and shiny bows, sure, and charitable giving, too. In this special episode, Jacob Goldstein, the host of What's Your Problem, gets smart about donating. Did...
RoboPod and the Perpetual Money Machine - Cautionary Questions 2
What really drove the 2008 financial crash? What’s a shadow bank? And what’s the connection between NIMBYs and BANANAs? Tim Harford and Jacob Goldstein answer more of your questions. Do you have a...
Darwin's Grandpa and the Art of Sex Appeal
Charles Darwin was stumped by peacocks. According to his theory of evolution, some creatures were better equipped to survive in their particular environment than others. It explained a lot - but it...
The Edinburgh Body Snatchers: Murder at Halloween
In 1827, Edinburgh, Scotland was a world centre for anatomical study, but there was a shortage of cadavers for medical students to dissect. Two men, William Burke and William Hare, spotted a grim...
Cautionary Tales Presents: Death Fraud and Other Risky Business
Tim Harford joined Nate Silver and Maria Konnikova on their podcast Risky Business to discuss two of history’s most compelling swindlers: Sam Israel III and John Law. We hope you enjoy this episode of...
The Poet Who Toppled The British Empire
India, 1930. Sarojini Naidu is marching towards a British-controlled saltwork; behind her is a long column of protestors all dressed in white. The great campaigner for India's Independence, Gandhi, is...
Reason, Wrath and Rebellion on the High Seas
Early morning, April 1789. Captain Bligh is abruptly dragged from his cabin. Wrists bound, bayonet pressed to his chest, he and a few loyal sailors are forced into a tiny launch and set adrift on the...
Steel and Kindness: Clash of the Skyscrapers
Paul Starrett has just won a major building contract. If everything goes according to plan, this will be the tallest building in the world. But will everything go according to plan? This prestigious...
The Nice Guy, the Bully and the Kiss
Leo Durocher would stop at nothing to win. The baseball player-turned-manager was a skilled tactician and famously tough. But he also cheated, intimidated umpires and was violent; he was even known to...
Tim's Tolkien Obsession & Amazon Prime's The Rings of Power
Tim Harford's life has been building up to this moment. In this Cautionary Conversation, he discusses the works of his favorite author J.R.R. Tolkien and the social science at play in Amazon Prime's...
The Human Guinea Pigs of Camp Lazear
Young doctor Jesse Lazear has deadly Yellow Fever. He thrashes around and convulses in his sick bed, and his vomit is black. He is just 34 when he dies. Curiously, mosquito expert Lazear was...
Embracing the Escape Fire (with Adam Grant)
Cautionary Conversation: Steve Jobs hated his phone so much that he smashed it against a wall. He also referred to mobile carriers as "orifices". Yet he went on to invent the world's most popular...
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