The output of companies is what?

The output of companies is what?

Warning: This blog does not refer to any well established economic theory. If you look for some Keynesian economics, comments on Marx or Supply and...
Warning: This blog does not refer to any well established economic theory. If you look for some Keynesian economics, comments on Marx or Supply and Demand - please leave. No behavioral market models. (Although some game theory could be fun...) Nothing of interest here. Go away. Try this one. Actually I am a quite simple minded person. Usually I watch the world turning and rarely I try to understand why certain things are just the way they are. Still, the question "Why do we have companies?" hangs around for a long time. For entities governed by the law of nature...
LED retrofit teardown

LED retrofit teardown

Moving from incandescence lighting to LED is definitely a good idea, at least from an energy point of view. It may look daunting complicated (and...
Moving from incandescence lighting to LED is definitely a good idea, at least from an energy point of view. It may look daunting complicated (and expensive) to change an existing home lighting installation to a genuine LED system. But there are retrofit solutions for every standard you can imagine. Pull the old incandescence or halogen lamp out, push the LED retrofit in and you are done - energy cost cut by 70% or so. Is it so? Well, regarding energy consumption of the LED lamp - yes. But what's about the overall benefit? We may calculate this in terms of...
Patent Nonsense

Patent Nonsense

I found an old blog article in an archive folder of my hard drive. Although I wrote it in August 2011, it seems still valid...
I found an old blog article in an archive folder of my hard drive. Although I wrote it in August 2011, it seems still valid to me. Read yourself: If you have an electronic calculator at hand please turn it around and have a closer look at its back side. Chances are good that you find beside the producer's name and model a list of say 6 to 10 US patents listed. Electronic pocket calculators are in widespread use for more than 50 years. The typical function didn't change much over this time. So, what could be patented in this...