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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
Quiz - Introduction to economics
Quiz

Quiz - Introduction to economics

Published on January 31, 2020

Quiz - Trade and the balance of payments
Quiz

Quiz - Trade and the balance of payments

Published on January 29, 2020

Quiz - taxes and subsidies
Quiz

Quiz - taxes and subsidies

Published on January 29, 2020

Quiz - the measurement of national income
Quiz

Quiz - the measurement of national income

Published on January 29, 2020

Quiz - equilibrium national income
Quiz

Quiz - equilibrium national income

Published on January 29, 2020

Quiz - Monetary Policy
Quiz

Quiz - Monetary Policy

Published on January 29, 2020

Quiz - Fiscal Policy
Quiz

Quiz - Fiscal Policy

Published on January 29, 2020

Quiz - contestability and efficiency
Quiz

Quiz - contestability and efficiency

Published on January 29, 2020

Quiz - price determination
Quiz

Quiz - price determination

Published on January 29, 2020

Quiz - perfect competition and monopolistic competition
Quiz

Quiz - perfect competition and monopolistic competition

Published on January 29, 2020

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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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