Contraceptive Pill

Contraceptive Pill

Author: BBC World Service April 8, 2017 Duration: 9:14

The contraceptive pill had profound social consequences. Everyone agrees with that. But – as Tim Harford explains – the pill wasn’t just socially revolutionary. It also sparked an economic revolution, perhaps the most significant of the late twentieth century. A careful statistical study by the Harvard economists Claudia Goldin and Lawrence Katz strongly suggests that the pill played a major role in allowing women to delay marriage, delay motherhood and invest in their own careers. The consequences of that are profound.

Producer: Ben Crighton Editors: Richard Knight and Richard Vadon

(Image: Oral contraceptive pill, Credit: Areeya_ann/Shutterstock)


Behind every price tag, spreadsheet, and market fluctuation lies a human story of curiosity, accident, and sometimes sheer stubbornness. In 50 Things That Made the Modern Economy, the BBC World Service presents a journey through the seemingly ordinary objects and concepts that quietly built the world we live in. Host Tim Harford goes far beyond dry economic theory, digging into the surprising origins of things like the plow, the bar code, or the limited liability company. Each episode unpacks how a single invention or idea rippled out, reshaping work, society, and global power structures in ways we rarely stop to consider. You’ll hear how the humble receipt fueled commerce, how the shipping container erased distances, and how double-entry bookkeeping enabled empires. This isn't just a history lesson; it's a series of detective stories that connect the dots between a tangible thing and the abstract forces that govern our daily lives. The podcast makes the invisible architecture of our world visible and compelling, revealing the economic fingerprints on everything from your smartphone to your supermarket shelf. Harford’s engaging storytelling transforms complex topics into accessible and genuinely fascinating narratives, reminding us that the modern economy wasn't built by abstract forces alone, but by concrete things dreamed up by people. Tune in to understand not just how the economy works, but how it came to be.
Author: Language: English Episodes: 100

50 Things That Made the Modern Economy
Podcast Episodes
The Plough [not-audio_url] [/not-audio_url]

Duration: 9:59
The plough was a simple yet transformative technology. It was the plough that kick-started civilisation in the first place – that, ultimately, made our modern economy possible. But the plough did more than create the und…
Cold Chain [not-audio_url] [/not-audio_url]

Duration: 9:23
The global supply chain that keeps perishable goods at controlled temperatures has revolutionised the food industry. It widened our choice of food and improved our nutrition. It enabled the rise of the supermarket. And t…
Welfare State [not-audio_url] [/not-audio_url]

Duration: 9:47
The same basic idea links every welfare state: that the ultimate responsibility for ensuring people don’t starve on the street should lie not with family, or charity, or private insurers, but with government. This idea i…
Property Register [not-audio_url] [/not-audio_url]

Duration: 10:01
Ensuring property rights for the world's poor could unlock trillions in ‘dead capital’. According to Peruvian economist Hernando de Soto, the value of extralegal property globally exceeds 10 trillion dollars. Nobody has…
Searching for 51 [not-audio_url] [/not-audio_url]

Duration: 9:09
The extra “thing” – what should it be? Shortlist: the credit card, glass, GPS, irrigation, the pencil and the spreadsheet. Voting for the 51st Thing has now closed. The winning “thing” will be revealed on Saturday 28 Oct…
Management Consulting [not-audio_url] [/not-audio_url]

Duration: 10:33
Managers often have a bad reputation. What should we make of the people who tell managers how to manage? That question has often been raised over the years, with a sceptical tone. The management consultancy industry batt…
Double-entry Bookkeeping [not-audio_url] [/not-audio_url]

Duration: 9:18
Luca Pacioli was a renaissance man – he was a conjuror, a master of chess, a lover of puzzles, a Franciscan Friar, and a professor of mathematics. But today he’s celebrated as the most famous accountant who ever lived, t…
S-Bend [not-audio_url] [/not-audio_url]

Duration: 10:15
If you live in a city with modern sanitation, it’s hard to imagine daily life being permeated with the suffocating stench of human excrement. For that, we have a number of people to thank – not least a London watchmaker…
Radar [not-audio_url] [/not-audio_url]

Duration: 10:33
How the high-tech ‘death ray’ led to the invention of radar. The story begins in the 1930s, when British Air Ministry officials were worried about falling behind Nazi Germany in the technological arms race. They correctl…
Market Research [not-audio_url] [/not-audio_url]

Duration: 10:38
US car makers had it good. As quickly as they could manufacture cars, people bought them. By 1914, that was changing. In higher price brackets, especially, purchasers and dealerships were becoming choosier. One commentat…