Gravitational wave detectors capable of making astronomical observations could begin to operate within the next year, and over the next 10 years they will extend their reach out to cosmological distances, culminating in the space mission LISA. A prime target of these observatories will be binary systems, especially those whose orbits shrink measurably during an observation period. These systems are standard candles, and they offer independent ways of measuring cosmological parameters. LISA in particular could identify the epoch at which star formation began and, working with telescopes making electromagnetic observations, measure the Hubble flow at redshifts out to 4 or more with unprecedented accuracy.

19 pages, for conference proceedings Lighthouses of the Universe, Garching, August 2001