Professor Mark J. Perry's Blog for Economics and Finance
Posted 8:17 AM Post Link
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An the pictre on the bottom can do so many things that the one on top can't do!
so the takeaway is that teen haircuts have not gotten any better?:-P
so the takeaway is that teen haircuts have not gotten any better?That's the lesson I got from this
The iphone replaces a boombox?If true, this would take much burden off my shoulders.I app much more likely now to move to a smartphone and flip my flip.How can I measure the value of a smartphone when it replaces so many devices? Probably with a creative destruction value summation app. :>)
"The iphone replaces a boombox?"It won't play any of my cassettes, so when it comes to my Iron Maiden collection, it's worthless.
I know, Mike. It won't play any of my 8-tracks.
The 1980 picture should be dated more like 1985. Some of that gear (e.g., the CD) did not exist in 1980.
At the risk of incurring everyone's wrath: I was born after 8-tracks disappeared and cassettes were on the downfall.
Jon Murphy,You didn't miss much. I do remember the wonder of being able to record all kinds of stuff on a portable cassette recorder, though. And all my records were vinyl. Had to worry about scratching them and I bought 45's at the record store. I remember the miracle of the Apple IIE and punch cards before that. And, of course, the obligatory trudge to school in hip-high snow five miles up a hill both ways:)You kids have it so good!
"At the risk of incurring everyone's wrath: I was born after 8-tracks disappeared and cassettes were on the downfall"Grrr. - Yeah, we know, you whippersnapper. Don't rub it in. :-pIn an age in which music "tracks" are digital files, and even CDs are becoming obsolete, my ten year old grandson recently pointed at my stereo cabinet and asked: "what is that?"He was pointing at my dust covered turntable. It apparently hadn't been used in his lifetime. I dug out a vinyl LP, and demonstrated it to him, actually playing music he knew, all the while explaining the technology involved.He thought it was one of the most bizarre concepts he had ever heard. As his world has always included iPods, he had trouble understanding why anyone would use anything else to play music.So, you just wait, Whippersnapper, your turn will come. :)
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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