Tim Harford




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Tim Harford

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About this author

Tim Harford is a member of the Financial Times editorial board. His column, “The Undercover Economist”, which reveals the economic ideas behind everyday experiences, is published in the Financial Times and syndicated around the world. He is also the only economist in the world to run a problem page, “Dear Economist”, in which FT readers’ personal problems are answered tongue-in-cheek with the latest economic theory.

--from the author's website



We cannot rely on correlation alone. But insisting on absolute proof of causation is too exacting a standard


It is said that there is a correlation between the number of storks’ nests found on Danish houses and the number of children born in those houses. Could the old story about babies being delivered by storks really be true? No. Correlation is not causation. Storks do not deliver children...

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Published on April 14, 2015 01:40 • 14 views
Average rating: 3.77 · 20,312 ratings · 1,217 reviews · 11 distinct works · Similar authors
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Tim Harford wrote a new blog post

We cannot rely on correlation alone. But insisting on absolute proof of causation is too exacting a standard

It is said that there is a correlation... Read more of this blog post »
More of Tim's books…
“Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we cannot simply treat life as a psychedelic trip through a series of novel sensations.”
Tim Harford, Adapt: Why Success Always Starts with Failure

“Hours are long. Wages are pitiful. But sweatshops are the symptom, not the cause, of shocking global poverty. Workers go there voluntarily, which means—hard as it is to believe—that whatever their alternatives are, they are worse. They stay there, too; turnover rates of multinational-owned factories are low, because conditions and pay, while bad, are better than those in factories run by local firms. And even a local company is likely to pay better than trying to earn money without a job: running an illegal street stall, working as a prostitute, or combing reeking landfills in cities like Manila to find recyclable goods.”
Tim Harford, The Undercover Economist

“There is much more to life than what gets measured in accounts. Even economists know that.”
Tim Harford, The Undercover Economist

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