Posts Tagged ‘economies of scale’

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    Supply and Demand: Banana Economics

    Jun 1, 13 • 1494 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 • 554 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 • 261 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]

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    When Are Potato Chips Good For Us?

    Aug 26, 11 • 244 Views • No Comments

    Potato chip manufacture is a technological marvel. During one year, in one typical factory, the chips in 80 million bags of Lay’s Potato Chips started as potatoes that were picked and plunked into railroad cars, funneled out for washing and processing...  [read more]