Posts Tagged ‘air conditioning’

  • Everyday economics and air conditioning as an innovation

    What It Means to be Cool

    Nov 2, 14 • 215 Views • No Comments

    As a technological innovation, air conditioning led to a ripple of positive externalities. Affecting how we live and work, it had private and social return....  [read more]

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    Temperature Matters

    Jul 12, 12 • 358 Views • No Comments

    Shot on July 2, 1881, President Garfield lay dying in a room with the first air conditioner.  Naval engineers, whose primary expertise was ventilating mining shafts, had been called in to help the ailing leader. The cooling device they assembled was composed...  [read more]

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    Tricky Oil Questions

    Jun 17, 12 • 232 Views • No Comments

    1. Asked to list the world’s biggest oil consumers, most of us would be correct if we started with the US and China. With the US at 20.5% and China, 11.4% for 2011, we are almost at one-third of world consumption. 2. But then, it gets a bit tricky....  [read more]