Tim Harford on the Indiana Jones of economics

Tim Harford continues his series telling an assembled audience short stories about fascinating people and ideas in economics.

The Financial Times' "Undercover Economist" and presenter of Radio 4's "More or Less" weaves together economic ideas with remarkable personal histories in some unusual locations.

This week he tells the story of Bill Phillips, who he argues is the 'Indiana Jones of macroeconomics.'

Phillips worked as a busker, a gold miner and a crocodile hunter before studying at the London School of Economics where he used a system of water pumps to create the first working model of the British economy.