What valuable company is nobody building? This question is harder than it looks, because your company could create a lot of value without becoming very valuable itself. Creating value isn’t enough—you also need to capture some of the value you create. Continue
As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. Continue
In the last ten years, what’s gotten more expensive? And what’s gotten less expensive?
Here’s a fascinating snapshot of the last decade in American prices…
We recently posted the latest slide deck from JPMorgan Asset Management, which has a number of charts relating to both the market and the economy. It’s a useful thing to flip through as Q2 gets under way.
As more and more startups like Airbnb, Etsy and Kickstarter crowd into the space of the collaborative economy, big brands are starting to get in on the action, too. Staples sells products developed on Quirky; Avis has acquired Zipcar; Walgreens has partnered with TaskRabbit for delivery.
BRUSSELS (AP) — Economic growth across the eurozone was stronger than expected at the end of 2013, according to official figures released Friday, raising hopes the recovery is gaining a foothold. Gross domestic product grew by 0.3 percent in the
Federal Reserve Chair Janet Yellen said Tuesday the central bank remains on course to pare its extraordinary stimulus program despite a recent slowdown in job growth.
A report finds health care law will mean 2 million fewer workers, but job decline will be caused by worker’s “choice.”
James Pethokoukis points us to a new working paper about economic growth released by the San Francisco Fed this month. Here’s a piece:
Even more speculatively, artificial intelligence and machine learning could allow computers and robots to increasingly replace labor in the production function for goods….In standard growth models, it is quite easy to show that this can lead to a rising capital share — which we intriguingly already see in many countries since around 1980 (Karabarbounis and Neiman, 2013) — and to rising growth rates. In the limit, if capital can replace labor entirely, growth rates could explode, with incomes becoming inﬁnite in ﬁnite time.
China is experiencing an economic slowdown. The government released GDP figures on Monday showing growth of 7.7 percent for 2013. That was the slowest in 14 years and may be a sign of things to come. Al Jazeera’s Craig Leeson reports
Interest rates could be set to rise earlier than expected as new figures reveal UK unemployment is now at a near five-year low.
Figures released by the Office for National Statistics (ONS) show that the UK jobless rate falling to 7.1% in the quarter to November, with an additional 280,000 people finding work during the same period. …
They say there are two certainties in life: death and taxes, but what is even more certain is that our current tax code is hated by pretty much everyone. …
Is the U.S. consumer tapped out? If so, how in the world will the U.S. economy possibly improve in 2014? Most Americans know that the U.S. economy is heavily dependent on consumer spending. If average Americans are not out there spending money,…