Posts Tagged ‘technology’

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    The Crawler

    Jun 1, 11 • 118 Views • Businesses, Demand, Supply, and Markets, Economic History, Government, Innovation, Macroeconomic MeasurementNo Comments

    The fuel economy window sticker for this vehicle would say 1 gallon per 32 feet. Called the crawler, it travels on a roadway 3.5 miles long, could carry 18 million pounds, and moves no faster than 2 mph. The crawler takes the space shuttle to its launchpad....

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    Innovative Challenges

    Feb 25, 11 • 80 Views • Businesses, Economic Debates, Government, Innovation, Labor, Macroeconomic Measurement, Regulation, Thinking EconomicallyNo Comments

    Is it likely that, with each new discovery, innovation gets tougher? It might have been easier to identify an asteroid a century ago because the undiscovered ones were very big. It might have been simpler to find a new human organ; the last one, the...

  • Uncertainty can slow economic growth.

    Watson Wins

    Feb 18, 11 • 113 Views • Innovation, Macroeconomic MeasurementNo Comments

    Playing against Jeopardy champs Ken Jennings and Brad Rutter, Watson, the IBM computer won. Imagine three podiums. One is labeled Ken, the middle one Watson, and the third one, Brad. IBM assured everyone that Watson had no internet access and all three...

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    What’s Cooking?

    Feb 4, 11 • 107 Views • Economic History, Households, InnovationNo Comments

    The kitchen that my mother used 50 years ago is really not that different from the one we use today. Electricity, a mechanical refrigerator, and hot and cold running water have been here for a long time. But 60 years before that, the kitchen was a very...

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    Random Technology Notes

    Jan 13, 11 • 97 Views • Economic History, Innovation, Macroeconomic MeasurementNo Comments

    In 1810, Nicholas Appert, a cook and bottler, inserted some food in a Champagne bottle, sealed it, and placed it in boiling water. Described by James Burke in Circles: Fifty Roundtrips Through History, Technology, Science, Culture, a French newspaper said...