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 Supreme Court and Picasso

    Oct 8, 11 • 350 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 • 534 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 • 400 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 • 373 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 • 1367 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]