Tim Harford’s long-running column in the Financial Times, “The Undercover Economist,” reveals the economic ideas behind everyday experiences. His first book, The Undercover Economist, was published in 30 languages and sold…
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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 60 tons of of glass, concrete and steel hanging above their heads was about to come crashing down.
One hundred and fourteen people died. But why? Was it cheap materials? Shoddy construction? Or a tiny error that seemed so insignificant that no one paid it any attention?