More or Less

Tim Harford brings you the first episode of his new podcast, Understand the Economy. If you’ve been missing his dulcet tones, here’s a chance for you to have a preview of Tim Harford’s latest podcast, in which he offers really simple explanations to help make sense of the economy today. If you enjoy it, you can find the rest of the series on BBC Sounds or wherever you get your podcasts.

In this episode, inflation. What is inflation, why does it matter, and is someone to blame if it goes up? Understanding inflation will help you understand why your shopping is getting more and more expensive and why prices rarely seem to go down. Tim Harford explains why the inflation figure you see on the TV might not reflect the price rises you’re experiencing and economic historian Victoria Bateman tells us why having a boat load of silver coins isn’t always a good thing.

Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news. Inflation, GDP, Interest rates, and bonds, Tim Harford and friends explain them all. We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills. We’ll also bring you surprising histories, from the war hungry Kings who have shaped how things are counted today to the greedy merchants flooding Spain with Silver coins. So if your eyes usually glaze over when someone says ‘cutting taxes stimulates growth’, fear no more, we’ve got you covered.

Producer: Phoebe Keane

Researcher: Drew Hyndman

Editor: Clare Fordham

Find all the episodes here: https://www.bbc.co.uk/programmes/m001dwr7

A BBC Long Form Audio Production for BBC Radio 4

How can journalists improve their use of statistics in their reporting of the world around us? It’s a question US academics John Bailer and Rosemary Pennington tackle in their new book Statistics Behind the Headlines. They join Tim Harford to talk about how journalism can be improved by asking the right questions about numbers and using them in the wider context of a story.

(Image: Electronic and paper media: scanrail/Getty)

Lula Da Silva has pledged “zero deforestation” in the Amazon as he prepares to become Brazil’s next president, in contrast to the policies of outgoing leader Jair Bolsonaro under whom the destruction of the rainforest has soared. On this edition of More or Less we ask how much of the Amazon has been lost and whether Lula’s aim of zero deforestation can be achieved.

Presenter and producer: Jon Bithrey

(Image: Aerial view of the deforestation of the Amazon: Reuters/Ueslei Marcelino/File Photo)

This week, China released its third quarter GDP figure. At 3.9%, its rate of economic growth is better than many analysts expected, but still significantly short of the 5.5% target the Chinese government had set itself.

There was an unprecedented delay in releasing this particular GDP stat - and that delay coincided with the 20th Chinese Communist Party congress. President Xi Jinping was reappointed for a historic third term at the twice-a-decade gathering.

Some analysts found the delay suspicious. Did President Xi postpone the release of the GDP figures so it wouldn’t tarnish the congress? And can the figure of 3.9 per cent be trusted anyway?

Paul Connolly investigates with the help of John Burn Murdoch, Chief Data Reporter at The Financial Times; Associate Professor of Government at Cornell, Jeremy Lee Wallace and Dr Linda Yueh, Oxford University economist and author.

Presenter and Producer: Paul Connolly

(Image: Chinese President Xi Jinping: Mark R Cristino/EPA-EFE/REX/Shutterstock)

A US government lawyer recently caused a stir in the publishing world when he said during a high profile legal trial that half of all new trade titles – books aimed at a general audience - sell a dozen copies or less. Tim Harford investigates with the help of Kristen McLean from the NPD Books group.

Presenter: Tim Harford

(Image: Stack of books on display at the bookstore: bitterfly/Getty)

The former head of the US Federal Reserve Ben Bernanke is named as one of three winners of the 2022 Nobel Prize in Economic Sciences for his work on how banking collapses were a major factor in the Great Depression of the 1930s. He shares the prize with two fellow US academics, Douglas Diamond and Philip Dybvig. Tim Harford discusses the significance of their work focusing on the role of banks and why their smooth functioning is so important to society.

Presenter: Charlotte McDonald

(Image: Former Federal Reserve chairman Ben Bernanke speaks after he was named among three U.S. economists awarded the 2022 Nobel Economics Prize, during a news conference at the Brookings Institution in Washington, U.S., October 10, 2022. REUTERS/Ken Cedeno)

A cheating scandal is currently rocking the world of chess, as World Champion Magnus Carlsen accuses the young American Hans Niemann of cheating. A bombshell new report has said that Niemann is likely to have cheated in over 100 games online, and uses data to support its argument.

So how is statistics being used to catch cheats in chess - and just how prevalent might cheating be at the highest levels of the game? David Edmonds finds out.

(Image: US international grandmaster Hans Niemann, St. Louis, Missouri, on October 6, 2022: Photo by Tim Vizer /AFP via Getty Images)

A survey from a mental health charity suggested that more than a third of British teenagers had been prescribed antidepressants. We debunk the figure. Also we investigate a tweet from the UK Treasury about how much homebuyers will save in stamp duty. Plus how Mexico has been hit by earthquakes three times on the same day of the year - what are the chances? And how incorrect figures from the government have given a false picture of the number of cars on Britain’s minor roads.

Presenter: Tim Harford

This week NASA slammed a spacecraft into an asteroid in the hope of diverting its course. The Double Asteroid Redirection Test or DART mission will help scientists understand how easy it would be protect Earth if one was headed in our direction. More Or Less first discussed this in 2016 with a little help from the movie Armageddon – with listeners getting in touch once again we ask how many asteroids are really out there and how dangerous they might be to Earth.

(Image: 3D rendering of a swarm of Meteorites or asteroids entering the Earth atmosphere: ratpack223/ Getty)

The value of the pound against other currencies has been incredibly volatile ever since the Chancellor’s ‘mini-budget’. We ask how much we should worry and look at how much taxes will really fall. Also did 4.1 billion people really watch the Queen’s funeral? Gas prices are falling – so why aren’t energy bills? There are early signs that new covid variants could cause another spike in cases over the winter. And with the government lifting a moratorium on fracking, we ask how seismic a number the current limit of 0.5 on the Richter scale actually is.

Presenter: Tim Harford