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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    Asteroids and the Wild West

    May 3, 12 • 483 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 • 744 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]

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

    Apr 18, 12 • 2391 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]

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    Tacos Meet Helicopters

    Mar 27, 12 • 506 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]

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    A Top Selling Artist

    Mar 24, 12 • 605 Views • No Comments

    At a Christie’s auction, a painting of a candle by German artist Gerhard Richter sold for $16.5 million. A recent documentary on this 80-year-old artist shows him painting in his studio and attending gallery and museum exhibitions of his work. Neither......  [read more]