Posts

Showing posts from January, 2011

Jimmy John and the Illinois tax-hike

Image
According to the Wikipedia , " After founder Jimmy John Liautaud graduated second to last in his class ... [his] father lent him $25,000 to start his own hot dog business. If the business was successful, Liautaud would own 52% of it and his father would own 48%. If it failed, he would join the Army. ]..., he decided to open a sandwich shop... He started baking bread in his mother's kitchen, bought the most expensive meats from Dominick's, and had family members vote on the best four sandwiches (out of six) he created. The first Jimmy John's opened in a garage in Charleston, Illinois on January 13, 1983 with used equipment and no menu or outdoor advertisement, simply selling the four sandwiches and 25-cent Cokes. After giving samples out around town, his business began to thrive. He especially catered to college students at Eastern Illinois University; and part of that success came from his willingness to deliver to dorms, which many other local establishment

Family Tree of Economists

Image
Studying the history of a subject gives one a deeper perspective on the subject. The NOT PC blog has a nice graphic, showing the " Family Tree of Economists (click here) " A good book on the subject is "The making of Modern Economics"