EconAir

FIND POSTS BY CATEGORY The Beginning of the Industrial Revolution The theme of the following four sections of the blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis. Basic Concepts and Theory Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets Corporate Strategies There is beginning a historic change in future populations and their demographics. This will interact with other variables and have a serious, maybe profound, effect on future economic growth. Demographics and Economics China Geopolitics and the Global Economy American Economic History Management The world seems to be in the midst of radical political and social change. Where are we going? Can studying past periods and countries facing disrupting change help us navigate our times? Maybe. History American History World War I:  The Beginning of the 20th Century The Roman Republic and Amer...

  NEWS FROM CYBERSPACE Hi Ho Silver The robots’ favorite streaming video is Botman.   Humanoid robots win all the events at the 2040 Olympics.   To expand their fan base, major league baseball teams are allowed one humanoid robot per team. In the first season, a pitcher named Cyber Young wins 162 games. More humans aged 15-30 marry their AI companions than other humans. Carnival Cruise renames its largest cruise ship the Love Bot. The divorce rate among seniors due to adultery skyrockets, with humanoid caregivers named as the co-respondents. The legal phrase "alienation of affections" takes on a new meaning. The federal government raises new revenue by imposing fees on  autonomous vehicles, called robotaxes. A new, high-paying occupation is created, that of mechanics replacing joints on robots. Most of the mechanics are former orthopedic surgeons. Intel's directors, tired of Intel falling further and further behind Nvidia, fire Intel's entire top management. Man...