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Radio 4,30 Mar 2020,14 mins

Series Series 2

Vickrey Turnstile

Things That Made the Modern Economy

Available for over a year

Subways get crowded, aeroplanes over-booked and roads congested. Back in the 1950s, a future Nobel laureate suggested a solution to these problems that worked well in theory but was unpalatable to the decision-makers of the day. Was he impractical, asks Tim Harford, or was he ahead of his time? Producer: Ben Crighton Editor: Richard Vadon

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