Code Curiosities

The Spreadsheet That Broke Europe's Economy

Episode Summary

In 2010, two Harvard economists published a paper that became the intellectual backbone of austerity policies affecting millions of lives across Europe — and it contained a basic Excel formula error. We dig into how a highlighted cell range that stopped too early helped justify wage cuts, pension slashes, and unemployment spikes across an entire continent. It's the Mars Orbiter problem all over again, except this time the unit mismatch was between economic theory and human reality.