Innovation Toronto

photo credit: shoehorn99
A basic tenet of economics is that people always behave selfishly, or as the 18th century philosopher economist David Hume put it, “every man ought to be supposed to be a knave.”
But what if some people aren’t always knaves?
Sam Bowles argues in Science June 20 that economics will get it wrong then, [...]

photo credit: ekai
Nine years ago The Economist ran a big story on oil, which was then selling for $10 a barrel. The magazine warned that this might not last. Instead, it suggested, oil might well fall to $5 a barrel.
Last week, oil hit $117.
It’s not just oil that has defied the complacency of a [...]

There’s less to Facebook and other social networks than meets the eye
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“A CRISIS is a terrible thing to waste,” Vinod Khosla laments to Larry Page. The two Silicon Valley luminaries are chatting one evening at the Googleplex, the quirky Californian headquarters of Google. The crisis which Mr Khosla is concerned about is caused by carmakers’ addiction to oil and the consequent warming of the planet. “The [...]