economics

Momofuko Ando and the Secret of Instant Noodles

Momofuko Ando and the Secret of Instant Noodles

On March 5, 1910, Taiwanese–Japanese inventor and Businessman Momofuku Ando was born. Ando is known as one of the inventors of instant noodles, instant ramen, and Cup Noodles. He founded Nissin Food Products Co., Ltd. Ramen – the Student Super Food Poor college students around the globe know that every day is a good day for instant (ramen) noodles. They are filling, incredibly cheap as well as fast and easy to prepare.…
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Steve Jobs – American Businessman, Inventor, and Industrial Designer

Steve Jobs – American Businessman, Inventor, and Industrial Designer

On February 24, 1955, American businessman, inventor, and industrial designer Steve Jobs was born. Jobs is widely recognized as a pioneer of the microcomputer revolution of the 1970s and 1980s, along with Apple co-founder Steve Wozniak. “What a computer is to me is it’s the most remarkable tool that we have ever come up with. It’s the equivalent of a bicycle for our minds.” — Steve Jobs, as quoted in Memory and…
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Bernard Mandeville and the Fable of the Bees

Bernard Mandeville and the Fable of the Bees

On November 15, 1670, Dutch philosopher, political economist and satirist Bernard Mandeville was born. He became famous for The Fable of the Bees, a satire that suggests many key principles of economic thought, including division of labor and the “invisible hand“, seventy years before these concepts were more thoroughly elucidated by Adam Smith. “They that examine into the Nature of Man, abstract from Art and Education, may observe, that what renders him…
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