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Nicholas Muller
Lester and Judith Lave Professor of Economics, Engineering, and Public Policy at Carnegie Mellon. Author of the paper, "Firewood in the American Economy: 1700 to 2010."
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Jul 25, 2025
• 42min
What 300 Years of Firewood Prices Say About the Economy
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Nicholas Muller, a Carnegie Mellon economist and author of the paper on firewood in America's economy, joins to delve into the overlooked significance of firewood pricing. He discusses how firewood served as a dominant energy source from the 1700s until industrialization. The conversation reveals how 19th-century railroads boosted demand and how historical pricing trends relate to today’s economic indicators. Muller also highlights modern shifts back to wood as a renewable energy source, emphasizing its relevance in contemporary economic discussions.
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