This event was recorded on 6 October 2009 in Old Theatre, Old Building For six years, Tim Harford has been answering readers’ personal problems in the pages of The Financial Times, using the latest economic research to provide advice on dating, etiquette, parenting and even personal hygiene. In a light-hearted but thoughtful lecture, Tim explains what he has learned about whether economics really can bring us personal happiness. Tim Harford is a columnist for the Financial Times, presenter of Radio 4’s More or Less, and author of The Undercover Economist and The Logic of Life. His new book is Dear Undercover Economist.
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Tim Harford, author and journalist, talks with EconTalk host Russ Roberts about Adapt, Harford’s book on the virtues of failure and the trial and error process. Harford argues that success is more likely when there is experimentation and trial and error followed by adapting, rather than following a top-down, ex ante plan driven by expertise. The conversation looks at the what war can teach us about information, knowledge, and planning, the challenge of admitting mistakes, and the implications of trial and error for our daily lives.
In this podcast, we are joined by the Financial Times’ undercover economist and presenter of Radio Four’s More or Less, Tim Harford. Tim tells us about his new book, Adapt, in which he argues that in order to succeed we have to learn how to fail. He sees applications for this approach in fields as diverse as business, warfare and climate change mitigation.
Episode 3. Tim Harford tells the story of Thomas Schelling, an economist who helped America and the Soviet Union to avoid nuclear war.