Cautionary Tales with Tim Harford

Last week, Cautionary Tales described the rise and fall of General Magic, the startup with too much money and too few constraints. Was General Magic really doomed from the start, and what does its fate tell us about AI, drug discovery and our love lives? David Epstein, author of Inside the Box: How Constraints Make Us Better, joins Tim to make the case for loving limitations.
For a list of sources, see the show notes at timharford.com
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It's 1990. A new company called General Magic is going to build its vision of the future: the smart phone. They have talent, almost unlimited cash, and a 15 year head start on the iPhone. What could go wrong?
This episode was based, with permission, on David Epstein's book Inside the Box: How Constraints Make us Better. For a list of sources, see the show notes.
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See omnystudio.com/listener for privacy information.

Evel Knievel, the world-famous daredevil, is planning his greatest ever stunt. In 1974, he wants to leap over Snake River Canyon in Idaho. The chasm is almost a third of a mile wide, much bigger than any jump he's done before. To make it work, he'll need a custom-made rocket-powered "Skycycle," TV camera crews and - most importantly - a very positive attitude.
For a list of sources, see the show notes at timharford.com.
Join our Cautionary Club to get episodes ad-free, hear bonus interviews and get an extra Cautionary Tale every month.
See omnystudio.com/listener for privacy information.

In 1942, eight men are sent from Nazi Germany to infiltrate America. Their mission: to sabotage critical infrastructure. Their problem: they're idiots. Operation Pastorius soon devolves into one of the most baffling failures of World War II.
For a list of sources, see the show notes at timharford.com
See omnystudio.com/listener for privacy information.

This is a special crossover episode with Business History.
John DeLorean was a visionary who wanted to create a futuristic new sports car - a stainless steel marvel with distinctive gull-wing doors. The British Government agreed to finance the project, provided he built his factory in a troubled part of Northern Ireland. Production stumbled, sales fizzled and DeLorean liked to fiddle with the numbers. As the company approached ruin, a neighbour offered DeLorean a lifeline, if he'd only come in on a cocaine deal.
See the show notes at timharford.com
See omnystudio.com/listener for privacy information.