Short stories of human inventions
Economic
Economic Invention
Can’t Launch Your Invention During A Recession?
Jun 24th
“Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.” – John Kenneth Galbraith
You might think that during times of economic recession consumers are in no mood to experiment with, or purchase inventive products. Counter-intuitively, starting a business or launching an invention during a recession can be one of the smartest moves to make- depending of course, on if you take certain factors into account. Looking at past recessions and consumer psychology can give us ideas on the types of inventions that can succeed during an economic downturn. Let’s More > What Will the Next Economic Drivers Be?
Apr 14th
From 1982 to 2007 the U.S. economy had an unprecedented expansion. The twenty five year period was driven by innovation, economic global expansion, favorable economic policy, increase in population and expansion of debt. During this period most of the current professional started their careers. The resulting concern is the current professionals are not trained to offer advice in anything other than a near perfect economic environment.
Briefly, let’s review the 5 aforementioned economic drivers from 1982 to 2007 Dr. Albert Niemi, Jr. Dean of the Edwin L Cox School of Business at the Southern Methodist University. The first driver was innovation. More >
Ideas For New Products And Inventions
Apr 8th
How many new products and inventions can you dream up with in thirty minutes? At least a few if you know the techniques of innovation and creative problem solving. The following are thirty minute’s worth, with some notes at how they were arrived at.
New Products and Inventions From Old
A fast way to invent new things is to start with existing concepts and find new applications. With the concept of inflatable things, the first thing that comes to my mind is inflatable shelters for emergency situations, such as after earthquakes or hurricanes. Such shelters could be transported easily, and erected quickly More >
Sacrificing to the Minotaur
Apr 4th
In the current economic crisis people are tempted to fall back to conservative ideologies affirming the existing capitalist system. With the fall of the Stalinism any ideological alternative has evaded people’s imagination. People suffered the consequences from the greatest economic crisis since World War II, in which global banks, the flag ships of world capitalism, collapsed and governments had to intervene with unprecedented measures using public funds to prevent a total economic downfall. And as people fear the threats of economic downfall, politicians within the social-economic status quo advertise two responses. The first Keynesian reflex is to spend money and More >
Business Aviation in Hard Times
Jul 25th
Business Aviation Headlines.
Bombardier Aerospace said business jet cancellations and a difficult economic environment continue to take their toll as the manufacturer reported its second quarter results. The decrease is mainly due to a decrease in manufacturing revenues due to lower deliveries and selling prices for business aircraft. Cancellations for business jets outnumbered new orders, with 80 cancellations and 27 new orders. Increased prices for commercial aircraft partially offset the fall off in the business jet sector. Commercial aircraft deliveries in the quarter increased and in Bombardier’s own particular case, the CSeries aircraft is a cause for optimism longer term, bringing More >
Dubai as a Future Economic Power in Middle East
Jul 24th
It is one thing to create a flourishing economic state. But it is quite another daunting task to keep the flag high in spirits years later. As the current rulers in UAE are basking in the glory of oil rich reserves, the same may not be the case for ever. Like every other natural reserve, even oil will vanish. Then what? Will the economic dream run end? Will the riches become obsolete? Will the expatriates look for more lucrative pastures? There are too many questions to be answered if Dubai has to remain a leader for long in the Middle More >
Protecting Your Invention When Using a Chinese Supplier
Jul 4th
Introduction
You want to find a Chinese supplier because you need the price advantage that China offers, but you are worried that the supplier you will work with will start selling your invention to other people or that others will start producing and selling your invention. Basically, someone might start competing against you with your own invention.
What you need is a strategy that will do the following:
- select a supplier that is more likely to be trustworthy - motivate the supplier to stay trustworthy and - remove any opportunity for the supplier that would come from being untrustworthy.
The strategy
A trustworthy supplier
In More >
Economic Recessions – Benefits and Causes
Jun 19th
Recessions are often said to be caused by natural variations in the business climate referred to as the “business cycle” or the “economic cycles.” These are said to occur either for no known reason, or as a result of relatively rapid growth or stagnation due to technology, invention, emotional or perceptive climate, and other factories.
More concretely, though, recessions are often caused by rapid growth, followed by a rapid decline of that growth – such as in the housing market in 2008 (huge growth, irrational growth in many ways – a side effect of rapidity – for the preceding decade, followed More >
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