Planet Money Summer School cover image

Macroeconomics 8: Productivity & Getting Lit

Planet Money Summer School

CHAPTER

Edison Was a Good Innovator

Edison knew that was who he had to be. He spent a lot of time thinking about economics. In fact, if you look at his notebooks, constantly he's going through and comparing the cost of what he's doing to what the cost of the gas system is. To light a square mile of lower manhattan, edison needed a whole financial system. So most of it is actually the structure around it. Edison comes along at a time when all this machinery, patents, corporations, banks is in place.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner