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William D. Nordhaus

William D. Nordhaus

Economist, 2018 Nobel Laureate

Appears in 1 story

Notable Quotes

"The conventional price of light has risen by a factor of about 1000 relative to the true price."

Stories

The affordability debate: Are things getting cheaper or more expensive?

Money Moves

Original academic proponent of time-based price measurement

For decades, economists have argued over whether life is getting more affordable. A new analysis of Bureau of Labor Statistics data from 2000 to 2025 shows that while the Consumer Price Index rose 92.6%, average hourly wages climbed 131.1%.

Updated May 23