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More and more people are turning to AI chatbots for companionship and relationships, raising economic and ethical debates.

The Economics of Loneliness: Markets for Companionship

As AI companions become increasingly popular, serious questions are raised about the implications of "subscribing" to digital friendships. Should we be concerned about people entering AI relationships?...
5 min read
Agglomeration Economies
Definitions Business economics Global economics

Agglomeration Economies

Published on September 11, 2023

Monopolistic Competition
Definitions Competitive markets

Monopolistic Competition

Published on August 19, 2023

Law of Diminishing Returns
Definitions Factors of production

Law of Diminishing Returns

Published on August 16, 2023

What is Short Run Aggregate Supply (SRAS)?
Definitions Managing the economy

What is Short Run Aggregate Supply (SRAS)?

Published on August 16, 2023

Total Revenue Formula
Definitions Business economics

Total Revenue Formula

Published on August 14, 2023

Real Interest Rate Formula
Definitions Managing the economy

Real Interest Rate Formula

Published on August 14, 2023

Cost-Push Inflation
Definitions Managing the economy

Cost-Push Inflation

Published on August 11, 2023

Equimarginal Principle
Definitions Behavioural economics

Equimarginal Principle

Published on August 10, 2023

Business Cycle Graph
Definitions Managing the economy Business economics Global economics

Business Cycle Graph

Published on August 06, 2023

Binding Price Floor
Definitions Managing the economy Labour markets

Binding Price Floor

Published on July 31, 2023

Newer Posts
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Some remote workers are accused of time theft for only working a portion of their expected working hours.

The Economics of Time Theft: Productivity, Surveillance, and Remote Work

Is it cost-effective for companies with lots of remote workers to actively monitor them through "bossware" that tracks their online activities? Research shows that some monitoring can boost productivity, but too much can cause workers to rebel....
5 min read

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