The Hidden Costs of Innovation
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The Hidden Costs of Innovation
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Welcome to the second episode of Everyone Loves Economics. In this episode, Kate Larkins, a sophomore Computer Engineering major, digs deeper into the true costs of engineering innovations. She analyzes the economic dilemma of whether expensive engineering innovations create costs that outweigh benefits. As part of her exploration, she interviews Dr. Tim Roberson, environmental and energy economist at Tennessee Technological University. Dr. Roberson’s private- and public-sector experience working with electrical engineers makes his insights invaluable. Kate provides historical examples and ample research on major engineering innovations. She recorded this episode originally during the Spring 2025 semester of ECON 2010 Principles of Microeconomics with Dr. Chelsea Dowell.