Intellectual Property

Intellectual Property

Author: BBC World Service May 13, 2017 Duration: 9:10

When the great novelist Charles Dickens arrived in America in 1842, he was hoping to put an end to pirated copies of his work in the US. They circulated there with impunity because the United States granted no copyright protection to non-citizens. Patents and copyright grant a monopoly, and monopolies are bad news. Dickens’s British publishers will have charged as much as they could get away with for copies of Bleak House; cash-strapped literature lovers simply had to go without. But these potential fat profits encourage new ideas. It took Dickens a long time to write Bleak House. If other British publishers could have ripped it off like the Americans, perhaps he wouldn’t have bothered. As Tim Harford explains, intellectual property reflects an economic trade-off – a balancing act. If it’s too generous to the creators then good ideas will take too long to copy, adapt and spread. But if it’s too stingy then maybe we won’t see the good ideas at all.

Producer: Ben Crighton Editors: Richard Knight and Richard Vadon

(Image: Copyright stamp, Credit: Arcady/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
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