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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
Marginal revenue
Definitions

Marginal revenue

Published on January 28, 2020

Marginal cost
Definitions

Marginal cost

Published on January 28, 2020

Marginal Propensity to Consume
Definitions Behavioural economics Business economics Managing the economy

Marginal Propensity to Consume

Published on January 28, 2020

Long Run Aggregate Supply
Definitions Business economics Factors of production Global economics

Long Run Aggregate Supply

Published on January 28, 2020

Liquidity
Definitions

Liquidity

Published on January 28, 2020

Liquidity Trap
Definitions

Liquidity Trap

Published on January 28, 2020

Investment
Definitions

Investment

Published on January 28, 2020

Interest rates
Definitions

Interest rates

Published on January 28, 2020

Injections into the circular flow
Definitions

Injections into the circular flow

Published on January 28, 2020

Inflation
Definitions

Inflation

Published on January 28, 2020

Newer Posts
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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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