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Today, firms use massive sets of data just as they would any other factor of production.

Data as Capital: Rethinking the Factors of Production

In the past quarter-century, digital data has become a new factor of production, allowing firms to create new products, communicate with suppliers and retailers, and advertise to customers. How does data affect firms' value, and how will it affect macro-level economic growth?...
4 min read
Foreign suppliers of resources and parts may be less expensive, but more vulnerable to risks.

Supply Chain Resilience and Comparative Advantage: Rethinking Global Trade After COVID-19

Published on March 01, 2025

Traffic congestion in cities like New York can cost billions of dollars in lost productivity.

Externalities in Urban Planning: A Case Study on Congestion Pricing in New York City

Published on February 26, 2025

Crop yields in agriculture were one of the first areas of study in the field of economics.

Diminishing Marginal Returns in Agricultural Technology: A Case Study of India’s Green Revolution

Published on February 26, 2025

City parks and urban green spaces provide significant economic benefits.

Public Goods and Urban Green Spaces: Economic Implications of Parks in Developing Cities

Published on February 24, 2025

Oil rigs remain popular due to continued public concerns of renewable energy being less reliable.

Elasticity of Demand and the Global Energy Transition: A Case Study on Fossil Fuels vs. Renewables

Published on February 15, 2025

A factory produces goods.  If it pays lower wages than in a wealthy country, is it ethical?

Comparative Advantage in the Modern Era: The Impact of Free Trade on Developing Economies

Published on February 13, 2025

Ocean fishing has become unsustainable due to massive overfishing, leading policymakers to seek limits

The Tragedy of the Commons and Overfishing: Analyzing Global Fisheries Management Policies

Published on February 11, 2025

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Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Public Goods and the Free Rider Problem: Evaluating Climate Change Mitigation Efforts Across Nations

Published on February 04, 2025

Consumers desire tech products that synchronize, creating network effects.

Economies of Scale in the Tech Industry: How Big Tech Firms Achieve Dominance through Network Expansion

Published on January 31, 2025

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If AI software scans you and decides you want the product more than average, should it be able to charge you more money?

AI Price Discrimination and the End of the “Uniform Price”

Sellers have long wished to be able to charge higher prices to customers who are willing and able to pay more. Now, with AI software, sellers may finally have the ability to quickly and accurately analyze customers' willingness to pay. Is this ethical?...
4 min read

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