Tasty, bite-sized economics: Fifty things that made the modern economy

A History of the World in 100 Objects was my first foray into books that use something small to describe something big, and I’ve been reading them ever since.

Luckily this has proved to be a popular concept, with topics ranging from Fifty Plants That Changed the Course of History, Swindled: From Poison Sweets to Counterfeit Coffee, to Banana: A Global History. Each book is like a museum exhibition with each chapter a different exhibit, perfect for dipping into and reading aloud interesting facts to your long-suffering friends.

My most recent read was a little out of my comfort zone — Fifty Things That Made the Modern Economy, by Tim Harford.

Cover of Fifty things that made the modern economy by Tim Harford

Hearing the words “modern” and economy” generally gives me an expression similar to my cat after he’s eaten a moth, but luckily the content delivers. Harford writes in an incredibly engaging, conversational style. Often I slog through non-fiction books as the information density can be overwhelming even if fascinating, but Fifty Things That Made the Modern Economy is as readable as a novel. Each section is so short that I found it difficult to stop at the end of one chapter and not just continue on to the next.

Even more mundane-seeming inventions like the plough had far reaching effects on almost every aspect of society, a symptom of a changing life from nomadic to settled, and influencing gender relations as well as our diet (not necessarily for the better). In fact a lot of our steps forward as a species have unintentionally brought us a step back in other ways. We spend a lot less time preparing food due to ready-meals and supermarkets, but our nutrition has suffered as a result. I suppose one good thing is that by constantly creating new problems for ourselves, we’ll never run out of things to do.

Due to the nature of a long list each entry is by necessity relatively brief, but each builds on the previous chapters — Harford points out all the ways in which an invention is reliant on those that came before, or the perfect timing for an invention to take off. Some were invented several times before they caught on, and others it was only a matter of time before it was invented by someone. History is a mess of happy accidents, lucky timing and reinventing the wheel.
If you’re interested in economics, history or want to know why anyone could get excited about double-entry bookkeeping, I’d recommend dipping into Fifty Things That Made the Modern Economy.

Fifty Things That Made the Modern Economy
by Tim Harford
Published by Hachette New Zealand
ISBN: 9781408709115

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