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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
Autarkic: A Comprehensive Guide
Definitions Global economics Managing the economy

Autarkic: A Comprehensive Guide

Published on January 16, 2024

Implicit vs. Explicit Costs
Definitions Business economics

Implicit vs. Explicit Costs

Published on January 14, 2024

Quaternary Sector
Definitions Global economics

Quaternary Sector

Published on January 09, 2024

Cartelism Meaning
Definitions Market Failure

Cartelism Meaning

Published on January 02, 2024

Midpoint Method in Economics
Definitions Business economics

Midpoint Method in Economics

Published on December 30, 2023

Positive vs. Normative Economics: A Comprehensive Guide
Definitions Managing the economy

Positive vs. Normative Economics: A Comprehensive Guide

Published on December 21, 2023

Choice Architecture
Definitions Behavioural economics

Choice Architecture

Published on December 14, 2023

What is a NEET?
Definitions Labour markets

What is a NEET?

Published on December 13, 2023

Image of a roll royce logo
Definitions Business economics

Veblen Goods Explained

Published on December 12, 2023

Dutch Disease
Definitions Managing the economy

Dutch Disease

Published on December 01, 2023

Newer Posts
Page 13 of 22
Older Posts
A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

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Polluting firms can purchase carbon offsets (also known as carbon credits) to reduce their environmental impact. Does it work?
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International Money Transfers: Reducing Transaction Costs and Enhancing Efficiency
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