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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
The Lorenz Curve
Definitions Managing the economy Behavioural economics Business economics

The Lorenz Curve

Published on September 24, 2021

What Is the Malthusian Theory of Population?
Managing the economy Behavioural economics Definitions

What Is the Malthusian Theory of Population?

Published on July 29, 2021

What is the Sunk Cost Fallacy?
Behavioural economics Definitions

What is the Sunk Cost Fallacy?

Published on July 29, 2021

Understanding consumer sovereignty
Competitive markets Behavioural economics Definitions Managing the economy

Understanding consumer sovereignty

Published on June 07, 2021

Can you maximize your earning potential by skipping college?
Behavioural economics

Can you maximize your earning potential by skipping college?

Published on December 23, 2020

Does Public Choice Theory Affect Economic Output?
Business economics Behavioural economics

Does Public Choice Theory Affect Economic Output?

Published on October 13, 2020

How to address moral hazard in capitalism
Behavioural economics

How to address moral hazard in capitalism

Published on October 07, 2020

Understanding how supply, demand equilibrium affects market growth
Managing the economy Behavioural economics

Understanding how supply, demand equilibrium affects market growth

Published on September 11, 2020

Covid-19 Effect on Microfinance and the Third-World Economies
Global economics Behavioural economics

Covid-19 Effect on Microfinance and the Third-World Economies

Published on August 01, 2020

Understanding The Economic Model of Human Behavior
Business economics Behavioural economics

Understanding The Economic Model of Human Behavior

Published on July 06, 2020

Newer Posts
Page 14 of 16
Older Posts
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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