This Is What Happened to the Price of Nails Over the Last 330 Years
Odd Lots7 Feb 2022

This Is What Happened to the Price of Nails Over the Last 330 Years

We're in a period of elevated inflation right now. But at least there's some good news: The price of nails is lower than it was in 1695. But how do we know what the price of nails was back then? And what can such a long-term look tell us about innovation in such a seemingly simple product? To learn more, we spoke with Dan Sichel, an economist at Wellesley College, who has recently published a paper on exactly this topic. We discussed how he did it and his overall approach to the project.

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