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We tell our children unsettling fairy tales to teach them valuable life 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 Messy and The Undercover Economist) brings you stories of awful human error, tragic catastrophes, daring heists and hilarious fiascos. They’ll delight you and scare you, but also make you wiser.

Most Recent Episode

The Final Illusion of the Great Lafayette

Golden sparks are raining down on the Great Lafayette’s famous vaudeville show, “The Lion’s Bride”. They look like they’re part of the performance. They aren’t — and soon the theater…

LIVE: The Myth of the Million Dollar Tulip Bulb

RECORDED BEFORE AN AUDIENCE AT THE BRISTOL FESTIVAL OF ECONOMICS (11/17/2022) The Dutch went so potty over tulip bulbs in the 1600s that many were ruined when the inflated prices…

The Company That Cancelled Christmas

More than 100,000 families - many of them amongst the poorest in Britain - put money aside for Christmas gifts and other seasonal treats in a savings club called Farepak.…

The Wild Turkeys of Schleswig

There are eight American turkeys painted on the walls of Schleswig's Cathedral of St Peter - which is odd... since the frescoes were created two centuries before Columbus even crossed…

The Inventor Who Almost Ended the World

Thomas Midgley's inventions caused his own death, hastened the deaths of millions of people around the world, and very nearly extinguished all life on land. Midgley and his employers didn't…

The Halloween Poisoner

Candy laced with cyanide and needles in marshmallows, we've long been warned to be suspicious of the sweet treats handed out by strangers at Halloween. But it seems that most…

Cautionary Conversation: The Conspiracy Theorist Who Changed His Mind

Charlie Veitch was certain that 9/11 was an inside job. The attack on the World Trade Center wasn't the work of Al-Qaeda, but an elaborate conspiracy. He became a darling…

The Online Date That’s Too Good to be True

Single and looking for love, Dr. Robert Epstein found himself chatting with a slim, attractive brunette online. She seemed perfect... perhaps even too good to be true. Dr. Epstein is…

A Leap of Faith From the Eiffel Tower

Inventor Franz Reichelt wants to test his novel "parachute suit" from as tall a structure as possible - and the Eiffel Tower seems ideal. Previous trial runs used a mannequin…

Cautionary Conversation: Flying on Empty

A meter is longer than a yard. An ounce is heavier than a gram. We harmlessly mix them up sometimes, but a "unit conversion error" when you're filling up the…

“You’re not Howard Hughes!”

By the 1970s Howard Hughes was the "invisible billionaire”. A business tycoon, a daring aviator and Hollywood Lothario, Hughes had an amazing life story... but hiding away in luxury hotels…

South Pole Race: When the Limeys Get Scurvy

Polar exploration is dangerous... but trudging hundreds of miles in subzero temperatures isn't made any easier if you're suffering from scurvy. The deadly vitamin deficiency destroys the body and will…

South Pole Race: “Mummy, is Amundsen a good man?”

Roald Amundsen beat Captain Scott to the South Pole. The Norwegian - using dog sleds and skis - made it look easy... fun, even. He was heading home to safety,…

South Pole Race: David and Goliath on Ice

1910: Two men are racing to be the first to reach the South Pole. Captain Robert Falcon Scott heads a well-financed, technologically-advanced expedition - aiming to reach the pole in…

Chicago When It Sizzles

July 1995. A deadly heat wave gripped Chicago - bridges buckled; the power grids failed; and the morgue ran out of space - but some neighborhoods saw more deaths than…

The French Knight’s Guide to Corporate Culture

France 1346: The army of King Philip VI is Europe's pre-eminent killing machine. It's accustomed to crushing any force stupid enough to oppose it, and now fully expects to annihilate…

Frankenstein Versus the Volcano

When Mount Tambora erupted it spewed ash across the globe; blotting out the sun; poisoning crops; and bringing starvation, illness and death to millions. It may also have helped inspire…

Bless the Coal-Black Hearts of the Broadway Critics

When Billy Joel agreed to let dance legend Twyla Tharp turn his songs into a Broadway musical it seemed like a surefire hit. But in previews, Movin’ Out was panned…

When the Autopilot Switched Off

An airline captain thought he was giving his children a harmless thrill by letting them "fly" his packed airplane - the young cockpit visitors weren't really in control... the autopilot…

The False Dawn of the Electric Car

Sir Clive Sinclair was a computer whizz and business mogul to rival Steve Jobs or Bill Gates. He was a visionary who could do no wrong... until he tried to…

Death on the Dance Floor

With its splendid modern architecture, the Hyatt Regency was the place to be seen in Kansas City in 1981. Beneath space-age walkways, guests drank, laughed and danced... not realizing that…

The Balloons That Ate Cleveland (A Cautionary Tales Short)

When Disneyland released one million helium balloons to set a new world record, Cleveland, Ohio looked on in envy. Could it top the Magic Kingdom? What did citizens hope to…

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