April 27, 2023
Lighting history can remind us that a technology timeline reflects countless incremental steps as progress unfolds.
Lighting history can remind us that a technology timeline reflects countless incremental steps as progress unfolds.
When we look at the world's carbon taxes, as economists we can think of Arthur Pigou and correcting market failure.
Looking at William Nordhaus's study of lighting history, we can see how increasingly cheaper illumination boosted our living standards.
First awarded more than 70 years after the original Nobel Prizes began, the Nobel Economics Prize is worth some unexpected extras.
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.