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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (736004)8/30/2013 12:32:17 PM
From: combjelly  Read Replies (1) | Respond to of 1577900
 
Not all innovation leads to lower costs. In some cases it leads to new goods and services that result in higher costs, albeit often enriching lives.

Here is a good paper about concentrations of wealth.

ncbi.nlm.nih.gov



To: i-node who wrote (736004)8/30/2013 1:33:56 PM
From: bentway  Read Replies (2) | Respond to of 1577900
 
What innovation has Kim Kardashian given us?



To: i-node who wrote (736004)8/30/2013 3:24:57 PM
From: J_F_Shepard  Respond to of 1577900
 
"
The point is that investment leads to innovation, and innovation leads to consumption that makes the lives of the poor better.
Necessity is the mother of invention which may lead to investment which may lead to consumption....


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