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This episode explores the deep economic history of artificial light, using Yale economist Bill Nordhaus's historical pricing research to illustrate how productivity growth expands the economic pie. For thousands of years, obtaining light after dark required immense human labor, from rendering animal fat into foul-smelling candles to burning whale oil, leaving most people living in darkness and poverty. The introduction of kerosene in the nineteenth century and Thomas Edison's electric power plants, backed by financiers like JP Morgan, dramatically lowered the cost and increased the efficiency of light. Today, technological advancements like LEDs allow a day's wages to purchase tens of thousands of hours of light, demonstrating how continuous innovation and market structures drive long-term economic progress.
The episode opens with sponsor messages and the hosts introduce themselves and the theme of light history.
Jacob recounts his homemade cow‑fat candles and the challenges of early lighting methods.
The hosts discuss ancient and medieval techniques for producing light, from animal fat to whale oil.
Economist Bill Nordhaus calculates the cost of light over millennia, revealing how expensive early illumination was.
The narrative shifts to the 19th‑century breakthroughs of kerosene and electric lighting, highlighting scientific and financial drivers.
The story details Edison’s first central power plant, the role of JP Morgan, and the economic infrastructure that enabled electric light.
The hosts connect the evolution of light to broader economic progress, discussing productivity, pollution, and future limits.
The episode concludes with host reflections, additional podcast recommendations, and sponsor messages.
Making candles from scratchstory
The host describes the grueling process of making homemade tallow candles from cow fat and twine, noting it took nearly an hour of dipping to produce a few smelly, crooked candles.
Measuring ancient lamplightstory
Yale economist Bill Nordhaus recreated ancient lighting in his dining room and used a university light meter to measure its brightness for his historical pricing study.
Ten minutes of daily lightdata
Data shows that in ancient Babylon, working a full day would earn enough to buy only ten minutes of light equivalent to a dim modern bulb.
Kerosene saves the whalesinsight
The introduction of kerosene in the mid-nineteenth century provided an oil that was five times more efficient than whale oil, lighting the world while reducing pressure on whale populations.
Turning on Lower Manhattanstory
On September 4, 1882, Thomas Edison flicked the switch at JP Morgan's office, successfully illuminating about a square mile of Lower Manhattan with the world's first central power station.
The importance of economic structuresinsight
When asked how much economic growth comes from eureka moments versus surrounding structures, an Edison scholar explains that most growth comes from patents, corporations, and financial systems.
Twenty thousand hours of lightdata
By the 1990s, a day's wages bought roughly 20,000 hours of light, completely saturating homes and streets with brightness compared to historical scarcity.
Physical limits on growthinsight
An LED bulb manufacturer warns that while incremental gains will continue, constant economic doubling has physical limits and will eventually plateau.
How do you measure human progress? Light is the answer. For thousands of years, getting light was a huge hassle. You had to make candles from scratch. This is not as romantic as it sounds. You had to get a cow, raise the cow, feed the cow, kill the cow, get the fat out of the cow, cook the fat, dip wicks into the fat. All that — for not very much light. Now, if we want to light a whole room, we just flip a switch. Nobel-winning economist Bill Nordhaus passed away last week. He was known for his work on the economics of climate change, but he also came up with this idea that the history of light explains reveals why the world today is the way it is. It explains why we aren't all subsistence farmers, and why we can afford to have artists and massage therapists and plumbers. (And, yes, people who make podcasts about the history of light.) The history of light is the history of economic growth — of things getting faster, cheaper, and more efficient. It shows us the pie can get bigger, sometimes, there can be a type of progress where everyone is better off. On today's show, one of our all time favorites: How we got from dim little candles made out of cow fat, to as much light as we want at the flick of a switch, and how that is a measure of what economic progress means. (Note: This episode originally ran in 2014 https://www.npr.org/sections/money/2014/04/25/306862378/episode-534-the-history-of-light.) Read: Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life https://lnk.to/i3AukBdD Our weekly longform Planet Money newsletter https://n.pr/3zrFvUBOur weekly Indicator round-up newsletter https://www.npr.org/newsletter/indicator Follow: Instagram https://n.pr/3FqLuwsTikTok https://n.pr/3sGZdrqYouTube https://lnk.to/iCVDaW3CFacebook https://n.pr/3h92GwS Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include bonus episodes and sponsor-free listening. Learn more atplus.npr.org http://plus.npr.org/. Today's show was hosted by Jacob Goldstein and David Kestenbaum. It was originally produced by Caitlin Kenney and Damiano Marchetti. Today's rerun was produced by Sam Yellowhorse Kesler. Alex Goldmark is Planet Money's executive producer. See pcm.adswizz.com https://pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy https://www.npr.org/about-npr/179878450/privacy-policy
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