Innovation | AEIdeas

Saturday, May 25, 2013

McKinsey report: 12 disruptive tecnologies that will transform life, business, and the global economy

Mark J. Perry | May 25, 2013, 12:01 am

1. Mobile Internet 2. Automation of Knowledge Work 3. The Internet of Things 4. Cloud technology 5. Advanced robotics 6. Autonomous and Near-Autonomous Vehicles 7. Next-generation genomics 8. Energy storage 9. 3-D printing 10. Advanced materials 11. Advanced oil and … read more >

Pethokoukis, Economics, U.S. Economy

Every GOPer should read what McKinsey says about technological unemployment

James Pethokoukis | May 23, 2013, 1:36 pm

By the early 2020s, entitlement spending will likely drive ever larger US budget deficits. In 2023, for instance, so-called mandatory outlays will be 14.1% of GDP, a percentage point higher than today. And another decade out, they could equal nearly … read more >

Pethokoukis, Economics, U.S. Economy

Is ‘Bladerunner with food stamps’ America’s future?

James Pethokoukis | May 22, 2013, 3:06 pm

Walter Russell Mead outlines two possible futures for middle-class Americans: one where most of us lose “the race against the machine,” the other where smart government policies enable an eventual successful transition to an economy where IT and robots do … read more >

Carpe Diem

Markets in everything: 3-D printed food — could it give us 3-D printed pizza… oh, and end world hunger?

Mark J. Perry | May 21, 2013, 3:39 pm

1. “NASA bets 3D-printed food can make you eat bugs“… and 3-D printed pizza? 2. The audacious plan to end hunger with 3-D printed food. “Anjun Contractor, a mechanical engineer with a background in 3D printing, envisions a day when … read more >

Image Credit: Medill DC (Flickr) (CC BY 2.0)

Pethokoukis, Economics, U.S. Economy

The pro-growth Fed chairman

James Pethokoukis | May 20, 2013, 1:11 pm

In my weekly National Review column out today, I wrote about the really great commencement speech Fed Chairman Ben Bernanke gave over the weekend at Bard College at Simon’s Rock. It was a gentle counter to the much-discussed “new normal” stagnationist arguments … read more >

Carpe Diem

Video: An example of how 3D printing is changing the world

Mark J. Perry | May 19, 2013, 12:01 pm

The innovative work of Scott Summit demonstrates how 3D printing and digital scanning can be used to greatly improve prosthetic design.

Pethokoukis

Beyond spending cuts and deficit reduction

James Pethokoukis | May 17, 2013, 1:57 pm

Actual mileage may vary, but if GDP growth and health inflation continue at their historical pace, healthcare spending per capita in 2105 would be $213,000 while all other spending per capita would be $130,000. Health care spending would go from … read more >

Pethokoukis, Economics, Regulation

Why one-size-fits-all patent law is a bad idea

James Pethokoukis | May 16, 2013, 2:02 pm

Alex Tabarrok has argued that patent law should be stronger in business sectors where there are high “innovation-to-imitation costs” such as pharmaceuticals and weaker where costs are lower, such as software. Tabarrok: So, pharmaceuticals are really the classic case of where the … read more >

Pethokoukis

Brain drain to Wall Street: Goldman Sachs hires ‘God particle’ physicist

James Pethokoukis | May 16, 2013, 12:58 pm

Apparently there is a pipeline leading from Europe’s CERN, the world’s largest particle physics laboratory, to Wall Street (via HuffPo): Ryan Buckingham, a particle physicist with a PhD from Oxford University, spent three and a half years at CERN before joining Goldman Sachs in … read more >

Pethokoukis

The power of innovation: Would you rather eat bread or bugs?

James Pethokoukis | May 13, 2013, 4:29 pm

Sometimes reading a headline is all you need. So here are two BBC headlines which, when taken together, demonstrate why innovation makes the world a better place: 1. UN urges people to eat insects to fight world hunger 2. Cambridge-based scientists develop … read more >