Planet Money SUMMER SCHOOL 8: Productivity & Getting Lit
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Aug 31, 2022 Jacob Goldstein, an NPR journalist known for his insights on economics, dives into the world of productivity and its evolution. He examines how technological advancements, like the shift from candles to electric light, have shaped our economy and personal lives. Discover how innovations have made tasks easier yet raised questions about work hours. Goldstein also critiques capitalist notions of endless growth and discusses sustainability, automation, and the need for adaptability in our fast-paced world.
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DIY Candle-Making
- Jacob Goldstein attempted to make candles using beef fat and twine, like in ancient times.
- The process proved difficult and smelly, highlighting the labor intensity of early light sources.
Cost of Ancient Light
- Ancient light sources, like animal fat candles, were labor-intensive and costly.
- People used various materials like dried salmon, fireflies, and even oily seabirds for light.
Nordhaus Light Study
- Economist Bill Nordhaus studied the cost of light over time.
- He found that in ancient Babylon, a day's wages bought only 10 minutes of dim light.
