50 Things That Made The Modern Economy
Vickrey turnstile
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:09:44
- More information
Informações:
Synopsis
In 1952, economist William Vickrey devised an innovative system of turnstiles to help solve a major problem on New York’s subway network. It never became a reality, but, as Tim Harford explains, the idea behind it has had a major influence on how companies decide what to charge us for goods and services today.
