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50 Things That Made the Modern Economy
BBC
4.8 β’ 2.6K Ratings
ποΈ 10 December 2016
β±οΈ 9 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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| 0:00.0 | 50 Things That Made The Modern Economy With Tim Harford |
| 0:12.2 | There are two ways to tell this story. |
| 0:18.0 | One of them describes that classic flash have been ventive insight. |
| 0:22.0 | In 1948, Joseph Woodland, a graduate student in Philadelphia, was pondering a challenge |
| 0:27.7 | that had been thrown down by a local Philly retailer. |
| 0:31.8 | Was there any way to speed up the process of checking out in his stores by automating |
| 0:36.6 | the tedious process of recording the transaction? |
| 0:40.5 | Woodland was a smart young man. |
| 0:42.8 | He'd worked on the atomic bomb during the war. |
| 0:45.6 | At the other end of the spectrum, he'd also designed an improved system for playing elevator |
| 0:50.0 | music. |
| 0:51.0 | But now he was stumped. |
| 0:53.8 | One of his parents, in Miami Beach, sat and pondered and idly combed his fingers in a circle, |
| 1:01.7 | letting the sand slide between his fingertips. |
| 1:08.1 | But then, as he looked down at the ridges and furrows, the thought struck him. |
| 1:14.0 | Just like Moore's code used dots and dashes to convey a message, he could use thin lines |
| 1:19.5 | and thick lines to encode information. |
| 1:23.1 | The Zebra Striped Bulls Eye could describe a product and its price in a code that a |
| 1:28.7 | machine might be able to read. |
| 1:31.8 | The idea was workable, though with the technology of the time it was costly. |
| 1:36.5 | But as computers advanced and lasers were invented, it became more realistic. |
| 1:41.7 | The Striped Scan system was independently rediscovered and refined several times over the years. |
... |
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