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June 16, 2026 

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KILLER APPLICATION: A computer program that is so incredibly useful, popular, and profitable that the company responsible for development achieves enormous growth in a relatively short time period. Several computer companies developed killer applications during the 1980s and 1990s, which contributed greatly to the computer revolution. The Lotus 1-2-3 spreadsheet program was among the first, and perhaps most noted, killer applications. This program motivated millions of businesses and consumers in the early 1980ds to purchase personal computers.

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TYING CONTRACT: A type of contract commonly used in the late 1800s and early 1900s in which the sale of one good by a producer was made conditional on the purchase of another good. This was commonly used by firms to extended the market control they had over a product in a monopolized market to another product in a more an otherwise competitive market. The use of tying contracts was specifically outlawed by the Clayton Act in 1914. However, modern firms continue to use tying contracts with varying degrees of success.

     See also | Clayton Act | monopoly | exclusive agreement | interlocking directorate | antitrust laws | Sherman Act | price discrimination |


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INVISIBLE HAND

The notion that buyers and sellers, consumers and producers, households and businesses, by pursuing their own self-interests do what is best for the economy automatically without any government intervention, as if guided by an invisible hand.

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Today, you are likely to spend a great deal of time going from convenience store to convenience store hoping to buy either a weathervane with a cow on top or a box of multi-colored, plastic paper clips. Be on the lookout for telephone calls from former employers.
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In the late 1800s and early 1900s, almost 2 million children were employed as factory workers.
"Be kind and merciful. Let no one ever come to you without coming away better and happier."

-- Mother Teresa of Calcutta, humanitarian

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