Posts Tagged ‘Joseph Schumpeter’

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    Moneyball Economics

    Sep 27, 11 • 1178 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 • 732 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 • 481 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 • 435 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]

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    Happy 100th Birthday IBM!

    Jun 16, 11 • 551 Views • No Comments

    Imagine the challenge of implementing the first Social Security system in 1937. 27 million employees and their employers had to be taxed. The basic idea was to collect the money and then redistribute it to current retirees. So everyone got an ID number.......  [read more]