The Razor Blade’s Creative Destruction

Contracting because of online competition, Gillette’s dominance of the men’s shaving product market shows the creative destruction that e-commerce creates.

Weekly Roundup: From Shopping More to Driving Less

Our everyday economics includes tradeoffs, debt ceiling, fiscal policy, GDP, productivity, entitlements, regulation, autonomous vehicles, and innovation.

How the Driverless Car is About More Than Driving

Related to customization, sharing, software dominance, job losses, and ripples of disrupting the status quo, the driverless car is an innovation prototype.

Why We Want New iPhones

A competitive strategy, planned obsolescence is controversial. It can spur innovation and growth or represent corporate waste and consumer manipulation.

Why Apple Deserves the AT&T Slot in the Dow

For their innovation, association with telephone development, their Dow slot and perhaps creative destruction, Apple and AT&T have followed parallel paths.

Weekly Roundup: From Fed Humor to the Wisdom of Warren Buffett

Our Posts Roundup Sunday 3.01.15 Handy notes from Warren Buffett…more Monday 3.02.15 The basics of Greek tax evasion…more Tuesday 3.03.15 Insight about airline queues…more Wednesday 3.04.15 Why we subsidize Brazilian farmers…more Thursday 3.05.15 What an ATM can teach us…more  …

How an ATM is More Than a Money Machine

A banking innovation that is more than a money machine, the ATM’s impact on bank tellers shows the impact of Joseph Schumpeter’s creative destruction.

Weekly Roundup: From Burgers to Boomer Demographics

Our everyday economics includes disposable income,competition,externalities, standardization,entrepreneurs,federal budget, R&D, labor and dependency ratios.

How Uber Upsets the Status Quo

Labor market innovations are examples of why the people who started Uber can be called high impact entrepreneurs who fuel creative destruction.

Why Didn’t I Think of That?

A person whose goal is growth and innovation, the founder of Parcel is an example of Joseph Schumpeter’s high impact entrepreneur and creative destruction.