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How does science fiction influence the real world? | The Economist

Steven Spielberg’s new film “Ready Player One” imagines a future where people live much of their lives in virtual reality. Do science fiction’s predictions of the future ever come true? Yes. And it’s no surprise, given that the tech industry is led by sci-fi fans turning their visions into reality.

If you’re watching this on your phone it is partly thanks to Captain Kirk.

In Star Trek, first broadcast in 1966 he used a pocket-sized device to communicate with his crew.

The rise of the refugee startup | The Economist

Refugee camps are unlikely hotbeds of untapped entrepreneurial talent. The UN estimates that there are 3,000 businesses inside the Zaatari camp in Jordan, generating $13m per month, even though refugees there are not in theory allowed to start their own businesses.

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Daily Watch: mind-stretching short films throughout the working week.

Premature Deindustrialization

How do countries go from developing to developed? Economic development is an issue often debated by economists. Historically, export-oriented growth, driven by manufacturing, has been key to development. But we’re seeing less and less manufacturing in many developing countries. So where do we go from here?

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An Economist's Halloween: Guess the Costume!

Happy Halloween from the MRU team! Guess the economic concepts in our costumes to win one of our business cycle t-shirts.

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What Is the Factor Income Approach?

The factor income approach, or simply income approach, measures gross domestic product (GDP) by adding up employee compensation, rent, interest, and profit.

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