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50 Things That Made the Modern Economy - Insurance

Legally and culturally, there’s a clear distinction between gambling and insurance. Economically, the difference is not so easy to see. Both the gambler and the insurer agree that money will change hands depending on what transpires in some unknowable future. Today the biggest insurance market of all – financial derivatives – blurs the line between insuring and gambling more than ever. Tim Harford tells the story of insurance; an idea as old as gambling but one which is fundamental to the way the modern economy works. Producer: Ben Crighton Editors: Richard Knight and Richard Vadon (Image: Lloyds Coffeehouse, Credit: Getty Images)
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the memory palace - Episode 103 (The Rose of Long Island)

The Memory Palace is a proud member of Radiotopia, from PRX, a curated network of extraordinary, story-driven shows.

Music

  • We start and end with Daniel Berenboim playing Lizt's 6 Consolations, S. 172: No. 3 in D flat minor.
  • We hit up Yes But, from Danny Bensi and Saunder Jurriens' score to Christine.
  • We return to the official Memory Palace love theme of William Henry Harrison, The Gentle Softness, Lalo Schiffrin's score to The Last Dragon
  • We cruise on the U.S.S. Princeton to Dispute by Yann Tiersen.
  • Twist comes to Missing Pieces from the Broken City score.

Notes

  • I read quite a bit about the Tylers, but really, one needs only to read "and Tyler Too," by Robert Seager II.