Tim Harford Quote

Failure's inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out.

Tim Harford

Failure's inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out.

Tags: time, failure, good

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About Tim Harford

Timothy Douglas Harford (born 27 September 1973) is an English economic journalist who lives in Oxford.
Harford is the author of four economics books and writes his long-running Financial Times column, "The Undercover Economist", syndicated in Slate magazine, which explores the economic ideas behind everyday experiences. His column in the Financial Times, "Since You Asked", ran between 2011 and 2014 and offered a sceptical look at the news of the week.
Since October 2007 Harford has presented the BBC Radio 4 programme More or Less. The series segments are also available as podcasts. Subsequently Harford launched his own podcast on the podcast production network Pushkin Industries, called Cautionary Tales.