Prosperity is becoming increasingly concentrated as talent attracts talent and highly educated workers are moving to the same innovation centers.…
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.
What Outer Space Adds to the GDP
When we hear about a red Tesla with a Starman inside orbiting the sun, we can think of a growing space economy that is adding to the GDP.…
The Toilet That is Supposed to Boost Productivity
A less mentioned source of worker productivity can take us off the job to the recent attempts to diminish the amount of time spent on bathroom breaks.…
How to Develop a New Apple
Like iPhones and iPads, Cosmic Crisp apples were developed and tested and patented by scientists during many years of research.…
The One Way That Apple and Pizza Hut Are Alike
Propelled by Apple and Pizza Hut, new pizza box design could bring us takeout pizza whose taste and temperature weather a journey.…
When Marijuana Causes a Car Crash
With recreational marijuana causing more car crashes, the police need a device that is comparable to the alcohol breathalyzer.…
How U.S. Labor Productivity Relates to Nike’s Vaporflys
Whether looking at the marathon runners that wear Nike’s Vaporfly sneakers or U.S. labor productivity, we can see the importance of capital innovation.…
The Inventions That Mattered Most
Through a new look at invention history, we can identify the waves of innovation and see which ones were most influential.…
Throwback Thursday: When We Got Amazon Prime
#TBT: Looking back to the creation of Amazon Prime, we see we’ve come a long way from what we used to expect when we ordered online.…
When Netflix Became the Designated Survivor
Continuing today, the Netflix effect began in 1997 when it began the creative destruction that eliminated some companies and produced others.…