With recreational marijuana causing more car crashes, the police need a device that is comparable to the alcohol breathalyzer.…
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.
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.…
How To Make Kids Smarter
Fifty years ago, when Sesame Street was a new educational idea, it proved that watching TV could make our kids smarter academically and emotionally.…
Astronomically Different Prices for an Apollo 11 Videotape
Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.…
Will We Get a Space Force or a Space Corps?
In addition to disagreeing about the name of a new U.S. Space Force, lawmakers have a long list of military, bureaucratic, and fiscal decisions.…
Why We Want Sneakers Made From Coffee
Whether it relates to coffee grounds or new clothing patterns, zero waste design can optimize economic efficiency in surprising ways.…
When Cars Have To Decide Whether to Kill Grandma
Like people, autonomous vehicles will have moral dilemmas that require ethical decision-making but it could be tough deciding what is ethical.…