Posts Tagged ‘Joseph Schumpeter’

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    Another Amazing Entrepreneur

    Oct 17, 11 • 284 Views • No Comments

    From this WSJ description of Jeff Bezos, you can tell he is an amazing entrepreneur. The article is wonderful. Here are some of the facts: Named Cadabra until someone accidentally called it “cadaver,” Amazon was launched in Seattle on July 16,...  [read more]

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    Moneyball Economics

    Sep 27, 11 • 705 Views • No Comments

    A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not have. Faced...  [read more]

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    Steve Jobs and Joseph Schumpeter

    Aug 27, 11 • 524 Views • No Comments

    Henry Ford once said that consumers would have requested “a better horse” if he had asked them what to produce. Similarly, Steve Jobs told a reporter, “It’s not the consumers’ job to know what they want.” The result? For...  [read more]

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    Do We Need Area Codes?

    Aug 1, 11 • 319 Views • No Comments

    What if the 3 digits that precede your phone number no longer related to a place? Known as “number depletion,” phone companies use area codes because we are running out of numbers. But need the numbers have geographical significance? Calls outside...  [read more]

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    Changing Times

    Jun 26, 11 • 316 Views • No Comments

    Not so long ago, the NY Times depended on ads, help wanted, real estate revenue. Now we have craigslist and monster.com. An Op-Ed Column could be read only on the Op-Ed page. Now, anyone can copy and share an article. And, in those multiple newspaper holders...  [read more]