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105. Light Bulbs

The Economics of Everyday Things

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The Evolution of Light: From Candles to Cartels

This chapter explores the significant transformation of light sources, tracing the journey from simple candlelight to the groundbreaking invention of electric light bulbs. It details Thomas Edison's pivotal role in developing practical lighting solutions and the impact of electricity on American households. The chapter also discusses the controversial practices of the Phoebus Cartel, which manipulated bulb lifespans to drive consumer demand and maintain market control.

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