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It seems like everyone is glued to their phones these days...probably because app creators know how to make their sites addictive!

Attention Markets and the Allocation of Cognitive Scarcity

The rapid rise of the smartphone, social media, and streaming entertainment have created more competition for our attention than ever before. Who wants our attention, and why? Are there any potential economic harms to our attentions being so divided among productivity and entertainment?...
4 min read
What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

Is the US Consumer Buckling Under Inflation?

Is the US Consumer Buckling Under Inflation?

Published on July 24, 2021

What Is Laissez-Faire Economic Theory?
Competitive markets Business economics Definitions Managing the economy

What Is Laissez-Faire Economic Theory?

Published on June 30, 2021

Human Capital: What It Is and How It Impacts the Economy
Competitive markets Definitions Labour markets Managing the economy

Human Capital: What It Is and How It Impacts the Economy

Published on June 14, 2021

What Is Adverse Selection?
Competitive markets Business economics Definitions

What Is Adverse Selection?

Published on June 08, 2021

What Are Trade Barriers?
Competitive markets Definitions Global economics Managing the economy

What Are Trade Barriers?

Published on June 07, 2021

Factors of Production: Definitions, Examples and Importance
Market failures Definitions Business economics Factors of production

Factors of Production: Definitions, Examples and Importance

Published on June 07, 2021

Understanding consumer sovereignty
Competitive markets Behavioural economics Definitions Managing the economy

Understanding consumer sovereignty

Published on June 07, 2021

What Is a Duopoly?
Competitive markets Definitions Managing the economy

What Is a Duopoly?

Published on June 07, 2021

Understanding the laffer curve
Managing the economy Definitions Global economics

Understanding the laffer curve

Published on June 04, 2021

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Stacks of documents secured with large black binder clips are arranged on a desk, with a blurred keyboard and calculator in the background.

Transaction Cost Economics and Why Businesses File Dormant Company Accounts

Sometimes a business will continue to be registered even though it is not actively trading. This could be seen mainly as an administrative d...
4 min read

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