An accidental innovation, Post-it Notes had a massive economic impact through the private and social returns that they created.
Accidentally inventing the Post-it Note, two scientists and one large corporation demonstrated where an innovation can take us.
A small innovation that made a big difference, the teabag has remained pretty much the same for more than a century.
Propelled by Apple and Pizza Hut, new pizza box design could bring us takeout pizza whose taste and temperature weather a journey.
Whether about cows or chicken nuggets, sometimes seemingly insignificant new food technology can have an unexpectedly massive impact.
Because of their new delivery partnership with UberEats, McDonald’s has a soggy French fries problem that they need to solve.
An August release, The Shape of Water could be in theaters during hot summer weather because of the invention of air conditioning.
As a technological innovation, air conditioning led to a ripple of positive externalities. Affecting how we live and work, it had private and social return.
Should a state subsidized college charge less tuition for science, technology, engineering, and math (STEM) courses? For individuals and for society, we could say that college is all about ROI–a return on an investment. Pay to go, sacrifice what you…
What is 68 feet long, has a giant blade in front for plowing, massive sweeper brushes in the middle, and a 452 MPH wind blowing capacity in the rear? A Vammas. Imported from Finland, the Vammas is used by Logan…
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Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
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