Like other new goods and services that people invent, the Income Sharing Agreement (ISA) is a financial innovation that pays for college tuition.…
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.
Two Ways to See a New Restaurant
While Kenji Lopez-Alt perceived his new restaurant through a food writer’s lens, an economist would see it somewhat differently.…
When Awards Give Us More or Less Than We Expect
While awards are all about recognition, inspiration, and appreciation, sometimes they are not exactly what we expect them to be.…
The Best (and Worst) Ways to Board an Airplane
Although boarding planes faster is a goal for the major airlines, they have had limited success because of the tradeoffs they are unwilling to make.…
Deciding If Lab-Made Meat Can Be Called Meat
Ranchers and poultry farmers are supporting legislation that requires lab-made meat labels to indicate the product is not real meat.…
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).…