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Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read
Stone statue of Yen currency symbol.
Definitions Forex Trading

Yen Carry Trade

Published on December 02, 2024

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Definitions Business economics

Collective Bargaining Definition

Published on November 25, 2024

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Definitions Managing the economy

Expansionary Fiscal Stance

Published on November 24, 2024

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Definitions Business economics

Cheapening of Electronic Products

Published on November 22, 2024

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Definitions Managing the economy

Austrian School of Economics

Published on November 21, 2024

A pile of U.S. dollar bills in various denominations placed on a white surface.
Definitions Managing the economy

American National Debt

Published on November 20, 2024

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Definitions Factors of production

Non-Renewable Resources

Published on November 19, 2024

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Definitions Behavioural economics

Broken Window Fallacy

Published on November 18, 2024

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Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

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Definitions Global economics

What does Hysteresis do?

Published on November 08, 2024

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Cloud data storage has rapidly become a huge industry, with some unexpected third party costs.

Digital Hoarding: The Economics of Data Storage

Today, we generate tons of digital content that we want stored, potentially forever. As a result, companies spend big bucks to store terabytes (or even petabytes) of data in cloud storage centers. What are the costs of all this digital storage?...
5 min read

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