Posts Tagged ‘innovation’

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    Start-up stories

    Aug 10, 10 • 187 Views • Businesses, Economic History, Innovation, LaborNo Comments

    During 1939, in a garage, Bill Hewlett and Dave Packard started a new firm. Also in a garage, several decades later Steve Wozniak and Steve Jobs started Apple. Yes, Walt Disney worked in his uncle’s garage and Mattel, the toy company that makes Barbie

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    A Free Ride For Electric Cars?

    Jul 13, 10 • 164 Views • Environment, Macroeconomic Measurement, RegulationNo Comments

    Imagine a world filled with electric cars. In private homes, people could install their own charging devices. Others could be built in apartment building garages and on city streets. Some envision restaurants, department stores, and movie theaters offering a

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    Lessons for a Rainy Day

    May 20, 10 • 146 Views • Businesses, Demand, Supply, and Markets, International Trade and FinanceNo Comments

    Last Tuesday was a bad day for most umbrellas. In New York City, it poured, it was windy, and most umbrellas were flipping out, blowing sidewards, and doing everything except what they were supposed to do.  It makes sense that someone should have

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    Icemen and Pinsetters

    Mar 12, 10 • 217 Views • Innovation, Labor, Macroeconomic Measurement, TechNo Comments

      In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy

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    The Economic Significance of BRIs

    Mar 7, 10 • 149 Views • Thinking EconomicallyNo Comments

    When slicing a bagel, most people use a knife.  Others prefer the bagel guillotine or the Brooklyn Bagel Slicer.  With annual sales near 80,000, the bagel guillotine has been described as “history’s most successful bagel-controlling