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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
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Factors of production Labour markets Business economics Competitive markets

Comparative Advantage in the Age of Automation: The Impact of AI on Global Trade Dynamics

Published on February 09, 2025

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Competitive markets Managing the economy Factors of production

The Resource Curse and Institutional Failure: Economic Rent-Seeking and Development Challenges in Africa

Published on January 12, 2025

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Definitions Global economics Factors of production

Theory of Absolute Advantage

Published on December 18, 2024

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Factors of production

Economics as a Pillar of Public Health: Addressing R&D Imbalances Through Public-Private Partnerships

Published on November 30, 2024

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Definitions Factors of production

Non-Renewable Resources

Published on November 19, 2024

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Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

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Behavioural economics Definitions Business economics Factors of production

Frictional Unemployment

Published on October 17, 2024

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Factors of production Managing the economy Global economics

MITI and the Economic Development Miracle of Japan

Published on September 21, 2024

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Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

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Factors of production Managing the economy Labour markets Market Failure

Labor Market Polarization and the Rise of the Virtual AI Agent for Sales Calls: An Application of Routine-Biased Technological Change

Published on July 26, 2024

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Older Posts
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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