There is a lot of talk around 3d printing these days, and what it will do for manufacturing. How it can democratize the creation of products and move innovation back into a cottage industry alongside big R&D departments. Once again, individuals will be a key creation of inventions, holding patents and other forms of intellectual [...]
Archives for Economics
Lessons of a Failed Startup(s)
A couple of months ago, I finished reading Eric Ries’ The Lean Startup. It got me to thinking about startups and small projects I’ve been a part of in the past. Every time you sit down to put more into the project, you’re saying that you will get that back in cash on the other [...]
Deming on the Financial Crisis From Beyond the Grave
Tell me these aren’t relevant. Tell me it isn’t like a summation of Wall Streets mistakes leading up to 2008. Deming died in 1993. Deming’s 7 Deadly Diseases of Management* Lack of constancy of purpose Emphasis on short term profits Evaluation of performance, merit rating or annual review Mobility of top management Running a company [...]
On Commuting and The Economy
Yesterday, I left downtown Cleveland at 3:45 headed to a 4 o’clock meeting. I was probably going to be 5-10 minutes late. Instead I ended up calling to reschedule, and still didn’t make it home till 6:15. Two and half hours, for a drive that usually takes me 45-55 minutes. Google maps says 38 minutes, [...]
Drop What You Are Doing…
And read this now
Pizza, Lebron, and Economics
Papa John’s in the Northeast Ohio had 23 cent pizzas yesterday. People waited in line 5 hours to get these pizzas. Keep in mind, you were limited to one pizza per household. So let’s say that it would have cost you $10.23 for that same pizza, without the special. You saved $10 by waiting in [...]
