William Nordhaus Archives - Econlife

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Weekly Economic News Roundup and lighting history

Economic Thinkers

The Light Side of Economic Growth

Looking at William Nordhaus’s study of lighting history, we can see how increasingly cheaper illumination boosted our living standards.

Weekly Economic News Roundup and Nobel Economics Prize

Economic History

The Facts You Never Knew About the Nobel Economics Prize

First awarded more than 70 years after the original Nobel Prizes began, the Nobel Economics Prize is worth some unexpected extras.

Weekly Economic News Roundup and clever stock ticker symbols

Using a Fat Tail to Describe Stock Market Risk

When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.