Posts Tagged ‘economies of scale’

  • French fries, Adam Smith and restaurant mass production

    Restaurant Economics: How to Make 1500 Meals a Day

    Oct 22, 13 • 1913 Views • No Comments

    At 2 am, converging at the delivery entrance of Balthazar in NY’s SoHo are mussels from New Zealand, russet potatoes from Idaho, steak from the Midwest and chicken breast and bacon from Prince Edward Island while some Little Skookum oysters...  [read more]

  • Robotic arm

    Mass Production: A BMW

    Jun 4, 13 • 404 Views • No Comments

    I wonder if Henry Ford would have been surprised by this 15 minute BMW factory production video tour (below). Few people, lots of robots, the process begins with a colorless shell and ends with the BMW moving off the assembly line. Slow moving and yet...  [read more]

  • bananas...16418_10.30_000008025831XSmall

    Supply and Demand: Banana Economics

    Jun 1, 13 • 1975 Views • No Comments

    At my local supermarket, bananas are 69 cents a pound while Red Delicious apples, grown much closer to home, are $1.49 per pound. As banana writer Dan Koeppel points out, “That bananas have long been the cheapest fruit at the grocery store is...  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 679 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]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Cheesecake Medicine?

    Aug 7, 12 • 325 Views • No Comments

    Could Cheesecake Factory help us fix our healthcare system? Touring the kitchen of a Cheesecake Factory restaurant, you would see arrival, refrigeration and storage areas, and cutting, mixing, chopping and combining zones. Preparing the 308 dinner choices...  [read more]