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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read
Black Thursday
Forex Trading Global economics

Black Thursday

Published on January 16, 2025

Photograph of a city by the ocean, with various ships traversing the water in front of it.
Global economics

Global Trade in the Age of Deglobalization - Is the World Turning Inward?

Published on January 07, 2025

Image of an oil rig in the water
Definitions Global economics Factors of production

Theory of Absolute Advantage

Published on December 18, 2024

Dollar bills with sharpie markers written on them.
Definitions Managing the economy Global economics

Expansionary Monetary Policy

Published on December 17, 2024

The Shift to Electric Vehicles: Europe’s Strategic Challenges and Opportunities
Global economics Managing the economy

The Shift to Electric Vehicles: Europe’s Strategic Challenges and Opportunities

Published on December 15, 2024

Saudi Arabia’s Strategic Pursuit of Mineral Resources and Regional Influence
Global economics

Saudi Arabia’s Strategic Pursuit of Mineral Resources and Regional Influence

Published on December 14, 2024

Introduction to BRICS+: Economic and Political Evolution
Global economics

Introduction to BRICS+: Economic and Political Evolution

Published on December 14, 2024

Evaluating the France Très Haut Débit Plan: Achievements, Challenges, and Future Prospects
Global economics

Evaluating the France Très Haut Débit Plan: Achievements, Challenges, and Future Prospects

Published on December 10, 2024

Picture of the eurozone statue, partial.
Global economics

Diverging Inflation Dynamics: A Comparative Analysis of the Eurozone and the United States

Published on December 07, 2024

Mountain with windmills and ocean.
Global economics Managing the economy Definitions

The Evolution and Challenges of the Circular Economy: From Utopia to Reality

Published on December 05, 2024

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Older Posts
Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read

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Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
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