Posts Tagged ‘innovation’

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    Aging Trends

    Oct 12, 10 • 106 Views • Economic Debates, Economic History, Government, Households, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Baseball’s MVPs are typically younger than 30 and rarely over 35. Office workers and salespeople tend to be most productive in their early to mid-40s. Most Nobel prize winners in physics and chemistry did their innovative work before they were 50....

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    Innovative Thoughts

    Oct 10, 10 • 120 Views • Businesses, Government, Innovation, Labor, Macroeconomic MeasurementNo Comments

    Saying we need “More (Steve) Jobs, Jobs, Jobs” journalist Tom Friedman reminded us that economic “stimulation” is more important than economic stimulus. Using the creative, successful, and competitive co-founder and current CEO of...

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    Popcorn Margins

    Sep 28, 10 • 135 Views • Businesses, Demand, Supply, and MarketsNo Comments

    Higher quality film? Better projectors? Online ticketing? No. The “most important technological innovation since sound” was the armrest cup holder (according to a movie theater owner). Please think about a cup holder. The cup holder makes huge...

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    Light Bulb Start-Ups

    Sep 18, 10 • 102 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Government, Innovation, International Trade and Finance, LaborNo Comments

    Does it matter where a start-up ends up? One new energy efficient light bulb was developed in Florida, its inventor lives in Florida, and the bulbs are assembled in Florida. Soon to be sold at Home Depot, however, the state-of-the-art LED bulb is destined for...

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    Netflix and Buggy Whips

    Aug 14, 10 • 120 Views • Businesses, Economic Thinkers, Innovation, Tech1 Comment

    After reading this NY Times article about Netflix, you might begin to think about buggy whips. I know it sounds distant but here is the connection. Entrepreneurs make an existing product or process obsolete. Netflix and Blockbuster. Amazon and Barnes &...