CCT109H5 Lecture Notes - Lecture 9: Kodak, Externality, Celluloid

• School: UTM
• Department: Communication, Culture and Technology
• Course: CCT109H5
• Professor: Brett Caraway

Document Summary

Innovation: to do something new in a distinct way. You tell someone that laptops are bad for the environment and it releases carcinogens but no innovation. Innovation is not a happy thing, yes there are good people, but in economic terms we need to be real about this. Coercive effects of competition;: the first way to get rid of costs is to get rid of workers, most of it is by changing the production progress, Pursuit of rent: chasing after rent, rent is a fixed cost, it doesn"t vary with your production ex. Innovation is about chasing after patents and in economics this is called inefficiency. 100% renewable energy, just because you"re good at renewing your energy, that doesn"t mean you don"t have a carbon footprint. Apple has a carbon foot print of several billion tons. (but no! its all about water, innovation! Canada has one of the third largest oil reserve in the world.