The Impact of a Robot Queue

Seeing a robot queue at an Apple store in New Zealand, we can begin to imagine how they will transform our land, labor and capital.

Why E-Commerce Is More Than a Package

Cheaper laundry detergent, Victoria’s Secret, a deserted downtown and a stressed UPS are all a part of the e-commerce impact on rural American towns.

Why a Piggly Wiggly Birthday is Special

Called Piggly Wiggly, the first supermarket that opened 100 years ago destroyed the general store and forever changed how we shop.

Why Department Stores Are Dying

Reflected by Macy’s and Walmart’s store closings, the death of the department store is an example of the impact of Joseph Schumpter’s creative destruction.

Why We Have Peach Problems

Today we have some bad news and good news about the supply of peaches. A Peach Massacre They called it the Valentine’s Day Massacre…of peaches. During February and then again in April, New Jersey, New York, and New England were…

Why Razor Blades Have Always Been Cutting Edge

Cutting edge razor blade competition during the beginning of the 20th century and now reveals how innovative selling strategies can change markets.

Is Your Self-Driving Car Ethical Enough?

Assume for a moment that you are driving a car and suddenly see some debris in the road. If you veer to the side into a crowd of pedestrians, you can avoid injuring yourself. Harm yourself or someone else? As the debris approaches, the…

The Impact of Financial Innovation

We could say that two events in 1973 changed financial markets. The CBOE (Chicago Board Options Exchange) starts trading. The Black-Scholes Model for pricing options (most simply the right to buy or sell a security at a future date) was published.…

Why a Laundry Folding Robot is About More Than a Chore

In 2020, a Laundroid might be folding your laundry. The size of a refrigerator, the Laundroid has a bottom bin in which you can place a crumpled t-shirt. Five minutes later when you return, neatly folded, it awaits you. We could save 9,000 hours–maybe…

A Closer Look at Self-Driving Cars

Demonstrated by its mapping needs, self-driving cars will unleash creative destruction through a long list of new technologies and social norms.