Capitalism and competition are opposites

Number of words: 350 The airlines compete with each other, but Google stands alone. Economists use two simplified models to explain the difference: perfect competition and monopoly. “Perfect competition” is considered both the ideal and the default state in Economics 101. So called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand. Every … Read more

Revolutionizing Battery Production: The All-Polymer Approach

Number of words: 1,027 Lithium-ion batteries play a central role in the world of technology, powering everything from smartphones to smart cars, and one of the people who helped commercialize them says he has a way to cut mass production costs by 90% and significantly improve their safety. Hideaki Horie, formerly of Nissan Motor Co., … Read more

The Rise of Social Media Commentary

Number of words: 929 Nathan Tankus, 28, hasn’t finished his bachelor’s degree at New York City’s John Jay College of Criminal Justice. He has, however, mastered enough knowledge of economics and finance to become a widely followed commentator on the Federal Reserve. A newsletter he launched this year has followers at the Fed, the Securities … Read more

Echoes of the Wild: The Science of Birdsong

Number of words: 1,286 Laura Molles is so attuned to birds that she can tell where birds of some species are from just by listening to their song. She’s not a real-world Dr Doolittle. She’s an ecologist in Christchurch, New Zealand, who specializes in a little-known area of science: bird dialects. While some birds are … Read more