The Econormist

Yamaha started out in 1887 making pianos and other musical instruments. Then came World War II and with it came resource reallocation.

Yamaha was pressed into wartime production of plane propellers and fuel tanks because its factories could work with wood and metal

The War destroyed most of their factories but Yamaha bounced back making the most of scarce resources (just like the rest of Japan) and continued to make musical instruments but also diversified including figuring out that the existing machinery they had (which was used to make airplane propellers) could be used to make motorcycles. The Yamaha Motor Company was born.

People before that:

Also me:

A story with a happy ending in three acts.

For professional sportspeople (Burl plays 🏏 for the Zimbabwe national team) there is huge opportunity cost to attending to things like this (repairing their own gear) because that time and effort could be otherwise spent training or resting.

Football economics is weird. Liverpool FC were drawing West Bromwich Albion last Sunday before their goalkeeper scored a last minute goal from a corner which eventually helped them finish third on the table this weekend making sure that they will be part of the Champions League next season (top 4 teams from top European leagues qualify for the tournament). Because the tournament is huge, marquee clubs earn a lot of money just by appearing in it (since their brand name makes the tournament attractive to global audiences). Liverpool will be paid £58 million ($82 million) just for qualification and they will get more if they advance when they play.