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Artificial intelligence programs, commonly known as AI, allow computers to mimic human abilities.

AI and the Labor Market: Complement or Competitor?

Over the next five to ten years, many economists anxiously await the effects of AI expansion on labor markets. Which jobs are vulnerable to being mostly or entirely automated by AI? Which jobs will remain secure, using AI as a labor-saving tool?...
6 min read
Image of a crowd of students graduating, standing in their graduation gowns.
Managing the economy Market Failure

Tuition and Administrative Bloat: Examining the Economic Principle of Cost Disease

Published on January 01, 2025

A flag with blue and yellow stripes fluttering against a clear sky.
Market Failure

The Economic Impact of Geopolitical Risk: Insights from the War in Ukraine

Published on November 28, 2024

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Managing the economy Market Failure

The Importance of Government Investment in Technologies for National Economic Protection and Development: A Case Study of Transistor Manufacturing in the United States

Published on November 10, 2024

A one billion dollar bill of Zimbabwean currency.
Managing the economy Market Failure

Understanding Zimbabwe’s Economic Collapse: Causes and Consequences

Published on November 06, 2024

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Definitions Information Failure Market Failure

Adverse Selection in Insurance

Published on October 18, 2024

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Business economics Labour markets Market Failure

Exponentially Rising Tuition Costs Suppress Economic Growth in the U.S.

Published on October 05, 2024

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Market Failure Business economics

Potential Effects of the Harris-Walz $25,000 Down Payment Assistance Plan

Published on October 05, 2024

A red bicycle leaning against a wooden fence painted with a large red maple leaf on a background of white and blue panels.
Managing the economy Market Failure

Housing Shortages and Canada's Rental Controls

Published on September 20, 2024

Man viewed from Top Down, working on a laptop and looking at invoices.
Business economics Managing the economy Market Failure

Unpaid Invoices: The Hidden Crisis Facing UK Small Businesses

Published on August 12, 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
Many consumers purchase multiple Internet subscription services and forget to cancel ones they no longer use.

Buy It Now, Pay Forever? The Economics of Subscription Overload

Many consumers purchase several subscription services and fail to properly budget for them, leading to broken budgets. How does "subscription overload" affect our budgeting and spending, and why do firms push subscription models so heavily?...
6 min read

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Cloud data storage has rapidly become a huge industry, with some unexpected third party costs.
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Climate Insurance and the Pricing of Risk in an Uncertain World
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