20 years ago, a book called Freakonomics became an instant bestseller and worldwide sensation. Tim Harford got his hands on the first copy that Steve Levitt ever signed... and promptly sold it on eBay. In this Cautionary Conversation, the pair are reunited to discuss the Freakonomics phenomenon, why Levitt left the hostile world of academia, and how simple changes could revolutionise everything from education to organ donation.

*Cautionary Tales has been nominated for a Webby Award*

To vote for us, head to:  https://vote.webbyawards.com/PublicVoting#/2025/podcasts/features/original-music-score-sound-design

For a full list of sources, see the show notes at timharford.com.

Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks exclusive binges, and bonus content for all Pushkin shows.

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When Britain entered its first Covid-19 lockdown in March 2020, many found comfort in evoking the British wartime spirit. A timely hero emerged - Captain Tom Moore, a WWII veteran who walked up and down his garden to raise money for frontline nurses. But when the fundraising switched to a new charity, did anyone think to check where was the money was going?

*Cautionary Tales has been nominated for a Webby Award* If you can spare a moment to give us a vote, head to: https://vote.webbyawards.com/PublicVoting#/2025/podcasts/features/original-music-score-sound-design

For a full list of sources, see the show notes at timharford.com.

Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks exclusive binges, and bonus content for all Pushkin shows.

Subscribe on Apple: apple.co/pushkin
Subscribe on Pushkin: pushkin.fm/plus

See omnystudio.com/listener for privacy information.

Fearing for his life, Harry Houdini leaves secret codes with his loved ones, promising to use them in any post-mortem messaging. In 1926, Houdini's death shocks the world, but the news that follows is even more astounding. A report of the impossible: contact has been made.

For a full list of sources, see the show notes at timharford.com.

Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks exclusive binges, and bonus content for all Pushkin shows.

Subscribe on Apple: apple.co/pushkin
Subscribe on Pushkin: pushkin.fm/plus

See omnystudio.com/listener for privacy information.

Harry Houdini finds an ally in his fight against spiritualism, a brilliant detective called Rose Mackenberg, who'll do whatever it takes to expose a fake. Together, the two head to Washington to try and get lawmakers to criminalise mediums. The hearing that follows will be violent, sensational and leave Houdini fearing for his life.

This is the second of a three-part series.

For a full list of sources, see the show notes at timharford.com.

Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, full audiobooks exclusive binges, and bonus content for all Pushkin shows.

Subscribe on Apple: apple.co/pushkin
Subscribe on Pushkin: pushkin.fm/plus

See omnystudio.com/listener for privacy information.

Harry Houdini is remembered today for his legendary escapes and illusions, but he also had a lifelong obsession with the paranormal. After dabbling in fake seances himself, Houdini made it his mission to uncover frauds and expose mediums. This would put him on a collision course with his spiritualist friend, Arthur Conan Doyle, and leave him fearing for his life.

This is the first of a three-part series.

For a full list of sources, see the show notes at timharford.com.

Get ad-free episodes, plus an exclusive monthly bonus episode, to Cautionary Tales by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Pushkin+ subscribers can access ad-free episodes, exclusive audiobook binges, and bonus content for all Pushkin shows. 

Subscribe on Apple: apple.co/pushkin
Subscribe on Pushkin.fm: pushkin.fm/plus

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Today we’re sharing an episode from another Pushkin Industries show that we think you’ll enjoy: How Trump is Getting the Game Theory Wrong from Risky Business.

This week, Nate and Maria discuss Trump’s tariffs and analyze his strategy from a game theory perspective. They get into the difference between zero-sum and cooperative games, speculate on how Trump would act in the dictator game, and discuss the rationality of revenge. Then, they talk about the reboot of the infamous Fyre Festival, and why con artists so rarely reform.

For more from Nate and Maria, subscribe to their newsletters:

The Leap from Maria Konnikova

Silver Bulletin from Nate Silver 

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Do we trust our fitness trackers too much? How do fraudsters gain our faith? Why do people trust podcasters? And would you trust a drug dealing nanny with a tambourine? Tim Harford is joined by trust expert Rachel Botsman to answer your questions.

Rachel lectures in trust at Oxford University and her new audiobook How To Trust and Be Trusted is available via Pushkin.fm and wherever audiobooks are sold.

We love hearing from you, so please keep your questions coming: [email protected].

See omnystudio.com/listener for privacy information.

When Ernest Borgnine gets his big break in Hollywood, he can hardly believe his luck. But soon he discovers his supposed star vehicle, Marty, is not the dream gig he thought it was.

In this episode of Cautionary Tales, recorded live at the Bristol Festival of Economics, Tim Harford examines what happens when the murky world of tax avoidance collides with the glitz and glamour of Hollywood.

For a full list of sources, see the show notes at timharford.com.

See omnystudio.com/listener for privacy information.

"Down Under" was huge. This jokey ode to legendary Australian wanderlust helped Men at Work win a Grammy and was a key part of the band's creative legacy. By 2007, it had been earning Men At Work a steady stream of royalties for nearly 30 years. That was when a quiz show pointed out the song's subtle connection with an Australian nursery rhyme...

Tim Harford examines one of the most controversial copyright battles in music history. Where does inspiration end and infringement begin?

For a full list of sources, see the show notes at timharford.com.

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Tim Harford is joined by Ben Walter, CEO of Chase for Business and the host of "The Unshakeables" podcast, to explore the story of the trailblazing Widow Clicquot. Her namesake brand Veuve Clicquot revolutionized the champagne industry in the 19th century. Tim and Ben look at how she defied expectations and built one of the most iconic businesses in history. 

This episode is sponsored by Chase for Business. For a full list of sources, see the show notes at timharford.com. 

See omnystudio.com/listener for privacy information.