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Another Amazing Entrepreneur
October 17, 2011
Defrosting the Doughnut Hole
October 19, 2011
Last week’s Blackberry blackout saved lives.
In Dubai, traffic accidents dipped 20%. For Abu Dhabi, the decrease was 40%. Considering that there is approximately 1 traffic accident every 3 minutes in Dubai and a traffic fatality every 2 days in Abu Dhabi, safety soared.
A fascinating, unintentional experiment.
The Economic Lesson
The implications of the Blackberry outage are multiple. Municipal expense, insurance, regulation and privacy are only several of the issues touched by how we use smartphones.
All though take us to the economic definition of cost. When we choose to use our smartphones everywhere, what are we sacrificing?
An Economic Question: Listing costs and benefits, assess the impact of smartphones on our lives.
Elaine Schwartz
I am Elaine Schwartz, an economics writer, teacher, and the founder of econlife®. In so many places and ways, I have tried to make economics interesting and accessible so we could be personally, professionally, and politically knowledgeable.
