The British-French supersonic airplane Concorde soared through the skies at Mach 2 in the years 1976 to 2003. Its history illuminates several important economic and business lessons. Is a supersonic airplane simply uneconomic or will commercial passengers fly supersonic again? Show host Gene Tunny and fellow economist Arturo Espinoza Bocangel discuss.
The British-French supersonic airplane Concorde soared through the skies at Mach 2 in the years 1976 to 2003. Its history illuminates several important economic and business lessons. Is a supersonic airplane simply uneconomic or will commercial passengers fly supersonic again? Show host Gene Tunny and his fellow economist Arturo Espinoza Bocangel discuss.
EP129 which mentioned the Concorde:
https://economicsexplored.com/2022/03/07/top-10-insights-from-economics-ep129-show-notes-transcript/
Economist article on the Concorde with good summary of what went wrong:
https://www.economist.com/business/2003/10/16/after-concorde
Conversation article on future of supersonic air travel:
AP article on Concorde being “unexpected success” in 1986:
https://apnews.com/article/fa1e281d544267a8afe77afceaf3f03f
Early seventies cost-benefit analysis of the Concorde mentioned in the episode:
http://www.bath.ac.uk/e-journals/jtep/pdf/Volume_V1_No_3_225-239.pdf
Other websites consulted:
https://daily.jstor.org/the-rise-and-fall-of-the-supersonic-concorde/
https://www.businessinsider.com/concorde-supersonic-jet-history-2018-10?r=AU&IR=T
https://theadaptivemarketer.com/2012/01/14/a-pricing-lesson-from-the-concorde/
https://www.heritageconcorde.com/who-built-concorde
https://www.historyhit.com/facts-about-concorde/
https://science.howstuffworks.com/transport/flight/modern/concorde2.htm
https://en.wikipedia.org/wiki/Concorde
https://ultimateclassicrock.com/phil-collins-live-aid/
https://www.economist.com/1843/2018/09/03/when-concorde-was-the-future
Thanks to the show’s audio engineer Josh Crotts for his assistance in producing the episode.
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