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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    Will We Have Enough Food in 2050?

    Oct 15, 11 • 465 Views • No Comments

    The world is getting richer. And richer people eat more meat. And the animals they eat consume more food. Also, everyday, the world has more people. The bottom line? According to a study from Nature, we have to double the world’s food supply by 2050.......  [read more]

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    Real Food Commercials

    Oct 10, 11 • 340 Views • No Comments

    The place is a Manhattan film studio. The star could be a donut, ice cream, or a chicken nugget. For a spaghetti sauce shoot, the director says, “Lights. Roll. Action. Drip.” Described in this NY Times article, tabletop directing is a......  [read more]

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    The Supreme Court and Picasso

    Oct 8, 11 • 338 Views • No Comments

    This Supreme Court case could affect the music you hear at a concert, the book you can access on Google and the Picasso you might see online. The case is all about copyright protection. The question: If a foreign movie, painting, song, or book is already in......  [read more]

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    Steve Jobs Quotes

    Oct 6, 11 • 503 Views • No Comments

    “I’m one of those people who think that Thomas Edison and the light bulb changed the world a lot more than Karl Marx ever did.” (From Insanely Great, p. 26) “It’s not the consumers’ job to know what they want.” (NY......  [read more]

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    Naming Matters

    Oct 5, 11 • 388 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]