Vickrey turnstile - 50 Things That Made the Modern Econom...

What this episode covers

In 1952, economist William Vickrey devised an innovative system of turnstiles to help solve a major problem on New York’s subway network. It never became a reality, but, as Tim Harford explains, the idea behind it has had a major influence on how companies decide what to charge us for goods and services today.

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Frequently Asked Questions

How long is this episode of 50 Things That Made the Modern Economy?

This episode is 9 minutes long.

When was this 50 Things That Made the Modern Economy episode published?

This episode was published on October 21, 2019.

What is this episode about?

In 1952, economist William Vickrey devised an innovative system of turnstiles to help solve a major problem on New York’s subway network. It never became a reality, but, as Tim Harford explains, the idea behind it has had a major influence on how...

Can I download this 50 Things That Made the Modern Economy episode?

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