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Who profits from iPhones?
26 Nov 2016 Leave a comment
in development economics, industrial organisation Tags: creative destruction, entrepreneurial alertness, iPhones, smart phones
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Back in 1984, computers were going to help us do away with paper
03 Nov 2016 Leave a comment
in economic history, economics Tags: creative destruction, PCs
Econ Duel: Will Machines Take Our Jobs?
02 Nov 2016 Leave a comment
in applied price theory, economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
ALL Obsolete Industries Deserve The Taxi Bailout!
25 Oct 2016 Leave a comment
in economic history, industrial organisation, survivor principle Tags: creative destruction
Creative destruction in the 5 largest companies
24 Oct 2016 Leave a comment
in economic history, entrepreneurship, fisheries economics Tags: Apple, creative destruction, Microsoft
Speaking of #GMO dangers @GreenpeaceNZ @NZGreens
21 Oct 2016 Leave a comment
in economics of regulation, environmental economics, health economics Tags: agricultural economics, antiscience left, creative destruction, GMOs, Greenpeace, New Zealand Greens
#Uber and creative destruction in The Knowledge
21 Sep 2016 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, taxi regulation, Uber
I used Uber for the first time over the weekend. My car was towed away and a friend had the app on his phone. We used it to go to the tow away yard to pay the $275 release fee.
One of the things I noticed was the the driver could immediately use his GPS because it was pre-programmed by the booking.
When you book a regular cab, they do not know where you are going until they arrive. This is to stop drivers avoiding picking up short trips. It also means that they must know where they are going rather than waste time programming the GPS. Prior to the GPS, they simply had to know where everything was.
The Knowledge, knowledge of London streets necessary to qualify for a black cab License is so difficult that neurologists study the brains of black cabdrivers to see how they are different from others in memory capacity.
Uber destroyed the Knowledge in a wave of creative destruction by linking the app booking request to GPSs. No diver needs to know where anything because the destination and pickup points are both pre-programmed into their GPS.
Creative destruction in print media
22 Aug 2016 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: creative destruction, legacy media
BP predicted drone technology being used for deliveries
21 Aug 2016 Leave a comment
in economics, economics of media and culture Tags: creative destruction, drones
This plane could cross the Atlantic in 3.5 hours. Why did it fail? – Vox
21 Jul 2016 Leave a comment
in transport economics Tags: creative destruction
Labor, Jobs, and the Modern Economy | Becker Friedman Institute
20 Jul 2016 Leave a comment
in economics, industrial organisation, Joseph Schumpeter, labour economics, politics - USA, population economics, technological progress Tags: creative destruction
Creative destruction in movie ticket sales
06 Jul 2016 Leave a comment
in industrial organisation, movies, survivor principle Tags: creative destruction
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Average top incomes in New Zealand
05 Jul 2016 Leave a comment
in human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: creative destruction, entrepreneurial alertness, top 1%
The average top income in New Zealand is that of a professional, executive or entrepreneur.
Source: The World Wealth and Income Database.
Utopia, you are standing in it! 
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