Moykr: Technological Creativity

There are many reasons for innovating the methods of creating goods or for innovating the goods themselves. There are also many reasons to prevent or discourage innovation. Joel Moykr described 15 different explanations for why innovation would be averted. This posting will focus on the roles of “Institutions and Property Rights” and “Resistance to Innovation.” Read more…

via http://www.lite3d.com/blog/top-10-questions-about-lite-intellectual-property-rights
via http://www.lite3d.com/blog/top-10-questions-about-lite-intellectual-property-rights

Landes: Wealth & Poverty of Nations

In the middle ages, Europe started to grow with its many kings, nobleman, and warriors, while having fewer poor and middle class citizens. But after the  ravaging escapade the  Vikings, Mores, and Hungarians had through Europe, the upper echelon was in trouble. The power began to transition from the upper class to the merchants. Read more…

via https://www.quora.com/What-are-the-best-books-on-economic-history
via https://www.quora.com/What-are-the-best-books-on-economic-history

Guns, Germs & Steel

Jared Diamond’s show, Guns, Gems & Steel, and book by the same name explores how geography and the environment shaped the way our world has evolved. From the Fertile Crescent to Africa to South America to Europe, Diamond studies the migration and humanization patterns of early civilizations that created the foundation for the development of nations. Read more…

via http://api.ning.com/files/hpf*xOTebDt9I6hzv2RZo3my201RzQJKSUm-7fByjhTqpMToMZnEscRQctOJoCQ-JyHlcWs0rdJ4gkeEtP6j5g__/DiamondJaredGunsGermsSteel18parts.jpeg
via http://api.ning.com/files/hpf*xOTebDt9I6hzv2RZo3my201RzQJKSUm-7fByjhTqpMToMZnEscRQctOJoCQ-JyHlcWs0rdJ4gkeEtP6j5g__/DiamondJaredGunsGermsSteel18parts.jpeg

Solow Growth Model: Technology and Productivity

Capital, both physical and human, is not enough information to explain the output differences between countries. Technology is the other factor of the Solow growth model that helps us understand how different countries utilize their capital. Two countries could have the same number of workers in the labor force and same amount of accumulated capital stock, but if one country is more productive at using technology than the other country, then the former may be closer to their steady state than the latter. Read more…

morpheus
via http://i.imgur.com/a2jBmuT.png