Posts Tagged ‘technology’

  • Uncertainty can slow economic growth.

    Watson Wins

    Feb 18, 11 • 411 Views • No 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......  [read more]

  • 16171_1.4_000009409425XSmall

    What’s Cooking?

    Feb 4, 11 • 362 Views • No 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......  [read more]

  • 16128_canningSmall

    Random Technology Notes

    Jan 13, 11 • 437 Views • No 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......  [read more]

  • 15729_5.4a_000002321349XSmall

    Idea Incubators and Economic Growth

    Jun 28, 10 • 416 Views • No Comments

    It is so tempting to assume that we get the best results when we tell people what to do. If we want to use less oil, then pass laws that encourage us to invent better batteries. Yes? Using Selman Waksman as an example, retired Harvard professor David S.......  [read more]

  • Consumer spending

    Jun 21, 10 • 417 Views • No Comments

    In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable diapers, electricity, television, and “every......  [read more]