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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    The Blackberry Disruption

    Oct 18, 11 • 327 Views • No Comments

    Last week’s Blackberry blackout saved lives. In Dubai, traffic accidents dipped 20%. For Abu Dhabi, the decrease was 40%. Considering that there is approximately 1 traffic accident every 3 minutes in Dubai and a traffic fatality every 2 days in Abu......  [read more]

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    Another Amazing Entrepreneur

    Oct 17, 11 • 440 Views • No Comments

    From this WSJ description of Jeff Bezos, you can tell he is an amazing entrepreneur. The article is wonderful. Here are some of the facts: Named Cadabra until someone accidentally called it “cadaver,” Amazon was launched in Seattle on July 16,......  [read more]

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    Will We Have Enough Food in 2050?

    Oct 15, 11 • 483 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 • 355 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 • 348 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]