Posts Tagged ‘economic growth’

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 873 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single......  [read more]

  • Human capital helps GDP Grow

    The Supreme Court, Starbucks and Human Capital

    Oct 12, 12 • 377 Views • No Comments

    Saying affirmative action was the reason she was rejected from the University of Texas, Abigail Fisher sued. The University responded that it was okay for race to be a part of their admissions process. And Starbucks, Wal-Mart and 55 other prominent US......  [read more]

  • Everyday economics and U.S. GDP

    Job Creators or Robber Barons?

    Oct 3, 12 • 591 Views • 2 Comments

    I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally. On the......  [read more]

  • Chinese Consumers and Fresh Apples

    Coach and the Chinese Consumer

    Aug 1, 12 • 680 Views • No Comments

    Reporting their 4th quarter earnings yesterday, Coach, the handbag and accessories retailer, disappointed investors when they said that US department store and factory outlet sales had slowed. They did report, though, that sales of their handbags and......  [read more]

  • justice...scale...16871_scale

    Remembering Milton Friedman

    Jul 31, 12 • 499 Views • No Comments

    Split down the middle, opinion about the US economy puts private initiative or government first. Those who place individual enterprise first believe most private income belongs to those who generate it. By contrast, government’s advocates see a......  [read more]