Cautionary Tales with Tim Harford

Before he became Muhammad Ali, Cassius Clay was known as the "Louisville Loud-mouth", as famous for his sharp taunts and poetic put-downs as he was for his skills in the ring. In 1963, Clay arrived in England to take down beloved British Heavyweight, Henry Cooper. Clay is the clear favourite, but the showdown will be remembered as one of boxing history's most shocking battles, changing both men forever and showing what it really means to win.  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.

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 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.

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. 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.

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.comSee omnystudio.com/listener for privacy information.