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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    Naming Matters

    Oct 5, 11 • 372 Views • No Comments

    Combine something enjoyable like a strawberry with a color that connects to high tech. Then add the one letter that has a “reliable” sound in most languages and what do you get? Blackberry. Actually, the Blackberry might have been called the......  [read more]

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    Who Are We?

    Sep 29, 11 • 339 Views • No Comments

    Environmental concerns? You might want to look at what the The American Community Survey for 2010 says about who drives alone to work (105 million) and how many of us take public transportation (7 million). If education is your focus, one table in the Survey......  [read more]

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    Moneyball Economics

    Sep 27, 11 • 1171 Views • No Comments

    A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not have. Faced......  [read more]

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    Tweet Rights

    Sep 26, 11 • 337 Views • No Comments

    Does “Nutcracker Tweet” bird seed have the right to Tweet? Is it okay to name your birdhouse firm “Tweet Tweet Home?”  Can your app say Tweet? It all depends on the US Patent and Trademark Office. Twitter wants the tweet......  [read more]

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    Healthcare and Baumol’s Disease

    Sep 11, 11 • 433 Views • 1 Comment

    Asked why healthcare is relatively expensive while cell phones are not, you could answer, “Baumol’s Disease.” Described by New Yorker columnist James Surowiecki, to play Mozart’s String Quartet in G minor in 1787 and now, we need 2......  [read more]