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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    Euro Deal Primer

    Oct 28, 11 • 470 Views • No Comments

    To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept a 50% haircut. That means you will get new Greek bonds worth half the old ones. The catch? It’s voluntary. A......  [read more]

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    Innovation and (Steve) Jobs

    Oct 27, 11 • 602 Views • No Comments

    From the iPhone and iPod to a…thermostat? At a Silicone Valley start-up, a former Apple design leader has switched his focus to diminishing carbon emissions, decreasing electric bills, and moderating energy usage. He has changed from iPhones and iPods......  [read more]

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    Innovation and Jobs

    Oct 26, 11 • 3101 Views • No Comments

    Just say, “More productivity, R & D and economies of scale,” and you are talking about large firms. New Yorker financial columnist James Surowiecki reminds us that too often we glorify small businesses and forget how A&P, Walmart and their......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Babies and the Elderly

    Oct 24, 11 • 487 Views • No Comments

    The beginning of life and the end of life are becoming more expensive. The number of premature babies in the U.S. has soared by 36% during the past 25 years. Caused partially by twins, triplets, (and more) from older mothers and by advances in......  [read more]

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    Millionaire Inventors

    Oct 21, 11 • 460 Views • No Comments

    Assume you have $1.4 million dollars that you want to give away. Your goal is to spur the development of new technology, but just not any innovation–something that you want people to invent. Which technology would you choose? The people at the X Prize......  [read more]