Posts Tagged ‘innovation’

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    Creative Destruction and the Independent Bookstore

    Dec 26, 11 • 336 Views • No Comments

    The buggy whip, the typewriter, and now, maybe the independent bookstore? In a NY Times Op-Ed, author Richard Russo criticized Amazon for business tactics that would harm independent bookstores.  He cited friends who said, “They don’t win unless...  [read more]

  • Everyday economics and Shake Shack

    Fast (and Slow) Food

    Dec 23, 11 • 378 Views • No Comments

    Wendy’s is about to pull ahead of Burger King in the U.S. The reason? People care about their lettuce and the shape of their burgers. Led by new ownership, Wendy’s now has 11 different greens (not just iceberg), a slightly rounded bun...  [read more]

  • Equality or Efficiency, the Size of the Pie and Each Slice

    A Plymouth Plantation Reprise

    Nov 24, 11 • 291 Views • No Comments

    Perhaps even more relevant today, this was our blog for last Thanksgiving: In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever...  [read more]

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    An Apple’s Patent

    Nov 22, 11 • 330 Views • No Comments

    This apple has bites rather than bytes but like its namesake it was patented and took years to develop. When its U.S. patent expired in 2008, it had generated close to $6 million for the University of Minnesota and is still producing royalties in...  [read more]

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    Stagnation or Education?

    Nov 19, 11 • 296 Views • No Comments

    Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us that a long list of innovations including cars, antibiotics and refrigerators...  [read more]