Ranchers and poultry farmers are supporting legislation that requires lab-made meat labels to indicate the product is not real meat.…
Innovation
Innovation is a source of economic growth. Including the impact of new technology and the incentives that stimulate creativity, innovation is important for a market system. Depending on current events, econlife considers the impact and source of past and present innovation that includes the industrial revolution, the transportation revolution, the information revolution and people like Steve Jobs and Andrew Carnegie who made it possible.
The Mystery of the Missing Jobs
To understand why certain cities have more dog walkers, scientists, and pastry chefs, we just need to look at the geography of jobs.…
Why the Sports Bra Is so Much More Than an Undergarment
Far more than an undergarment, the sports bra helped to spread the Title IX mandate through physics, power, and psychology.…
Why Songs Are Shorter
As music industry technology has shifted to streaming, so too have the incentives that are multiplying shorter song tracks.…
When Pay-What-You-Want Does Not Quite Work Out
Unexpectedly, Panera’s pay-what-you-want cafes couldn’t bring together the normal lunch crowd and people who could not afford a meal.…
The New Tech We Cannot Resist
Like all new technology, the three innovations I most liked from CES 2019 could boost economic growth by making life easier (and more fun).…
Remembering Herb Kelleher and His Southwest Effect
The discount airline was just an idea when Herb Kelleher became the Texas entrepreneur who created what became known as the Southwest Effect.…
The New Meaning of Fast Delivery
From the nineteenth century to the twenty-first, our expectations for fast letter and package delivery have changed considerably.…
How a Sock Puppet Created a Bubble
Ranging from sock puppets in 2000 to the spread of the automobile in the 1920s, the causes of market bubbles are different and yet similar.…
How the World Eats Chocolate
From China to Switzerland, and Oreos to chocolate bars and mousse, global chocolate consumption depends on where you look.…