Innovation is a source of economic growth. Including the impact of new technology and the incentives that stimulate creativity, innovation is important for a market system. Depending on current events, econlife considers the impact and source of past and present innovation that includes the industrial revolution, the transportation revolution, the information revolution and people like Steve Jobs and Andrew Carnegie who made it possible.

  • 1st Apple Macintosh Computer

    A Macintosh with a Byte

    May 10, 12 • 660 Views • 2 Comments

    Did you ever wonder who created the trash can icon on your computer? It came from a designer working on the first Macintosh. The year was 1981. No one really knew what a computer should look like and what it should do. Steve Jobs told the team developing the......  [read more]

  • Large planetoid in empty space

    Asteroids and the Wild West

    May 3, 12 • 441 Views • No Comments

    I’ve been wondering who should own an asteroid. This takes me back, for a moment, to colonial Massachusetts. When many of the first colonists arrived, they farmed communal fields where some got less and others got more. Soon though, unhappy sharing,......  [read more]

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    Coin Matters

    Apr 27, 12 • 675 Views • No Comments

    Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess we take change for......  [read more]

  • Santa hat isolated on white

    Coke’s “‘Delicious! Refreshing! Exhilarating!’” Marketing Strategy

    Apr 18, 12 • 2240 Views • No Comments

    By Mira Korber, guest blogger. Imagine Coca-Cola for a moment. Polar Bears, Santa Claus, a time when soda still came in refillable glass bottles…perhaps, for the health-conscious, high fructose corn syrup? And if you live in Singapore, you might even......  [read more]

  • tacos

    Tacos Meet Helicopters

    Mar 27, 12 • 458 Views • No Comments

    By Mira Korber, guest blogger. Hunger strikes. You desperately scan Main Street for any sign of your favorite food: tacos. There’s nothing in sight and your handy UrbanSpoon iPhone app has failed miserably in finding restaurants that serve food from......  [read more]