Posts Tagged ‘economic growth’

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    Idea Incubators and Economic Growth

    Jun 28, 10 • 249 Views • No Comments

    It is so tempting to assume that we get the best results when we tell people what to do. If we want to use less oil, then pass laws that encourage us to invent better batteries. Yes? Using Selman Waksman as an example, retired Harvard professor David S....  [read more]

  • Consumer spending

    Jun 21, 10 • 244 Views • No Comments

    In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable diapers, electricity, television, and “every...  [read more]

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    Transportation Matters

    Jun 17, 10 • 208 Views • No Comments

    Reading about India’s inadequate railway system, I thought about the Erie Canal. Currently, massive freight containers that took four or five days to travel from Singapore to Mumbai will then take 28 days to reach New Delhi because trains and tracks are...  [read more]

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    A Closer Look At Consumer Spending

    May 5, 10 • 336 Views • No Comments

    We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleading us. Yes, the consumer component of GDP is 70% of all...  [read more]

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    Entrepreneur Incubators

    May 4, 10 • 304 Views • No Comments

    Which words do you associate with “entrepreneur”? Risk taker? Ambitious?Creative? Smart? Energized? Henry Ford? Steve Jobs? Clarence Birdseye? The words and names convey a recipe for success. And yet, according to a recent FT article from Tim...  [read more]