Posts Tagged ‘Joseph Schumpeter’

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    Creative Destruction and the Independent Bookstore

    Dec 26, 11 • 492 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]

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    Innovation and (Steve) Jobs

    Oct 27, 11 • 686 Views • No Comments

    From the iPhone and iPod to a…thermostat? At a Silicone Valley start-up, a former Apple design leader has switched his focus to diminishing carbon emissions, decreasing electric bills, and moderating energy usage. He has changed from iPhones and iPods......  [read more]

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    Another Amazing Entrepreneur

    Oct 17, 11 • 488 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 • 1490 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 • 863 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]