This year’s Nobel for economics is a technology prize!

admin Tech Note 0 Comments

On Tuesday, the Royal Swedish Academy awarded the 2018 Nobel Prize in economic sciences to two American economists, William Nordhaus of Yale University and Paul Romer of New York University’s Stern School of Business. Romer is well-known for his work on innovation, and although the committee focused on Nordhaus’ research on climate change, this year’s prize is really all about …

Energy Industry Shows How Infotech Can Boost Productivity

admin Tech Note

America’s oil and gas boom has been one of the biggest economic stories of the past decade. The doubling of daily US oil output and the 50 percent increase in natural gas production have transformed energy markets and are altering the geostrategic landscape. Russia, for example, is desperately lashing out, while Saudi Arabia is showing signs of an ambitious political, …

The $12-million iPhone

admin Tech Note

Several years ago, I had a bit of fun estimating how much an iPhone would have cost to make in the 1990s. The impetus was a story making the rounds on the web. A journalist had found a full-page newspaper ad from RadioShack dating back to 1991. He was rightly amazed that all 13 of the advertised electronic gadgets — computer, camcorder, …