Innovation

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.

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    Sole Rights?

    Aug 12, 11 • 395 Views • 2 Comments

    Suddenly, a red sole has become much more than the bottom of a shoe. The trademark of designer Christian Louboutin, his red soles are supposed to represent glamour, luxury and hidden status. Or, as stated by Mr. Louboutin, “A shoe has so much more to...  [read more]

  • Human capital helps GDP Grow

    GDP Solutions

    Aug 2, 11 • 346 Views • No Comments

    It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in the past. With...  [read more]

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    Do We Need Area Codes?

    Aug 1, 11 • 391 Views • No Comments

    What if the 3 digits that precede your phone number no longer related to a place? Known as “number depletion,” phone companies use area codes because we are running out of numbers. But need the numbers have geographical significance? Calls outside...  [read more]

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    Changing Times

    Jun 26, 11 • 363 Views • No Comments

    Not so long ago, the NY Times depended on ads, help wanted, real estate revenue. Now we have craigslist and monster.com. An Op-Ed Column could be read only on the Op-Ed page. Now, anyone can copy and share an article. And, in those multiple newspaper holders...  [read more]

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    Happy 100th Birthday IBM!

    Jun 16, 11 • 448 Views • No Comments

    Imagine the challenge of implementing the first Social Security system in 1937. 27 million employees and their employers had to be taxed. The basic idea was to collect the money and then redistribute it to current retirees. So everyone got an ID number....  [read more]