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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
Nash equilibrium
Definitions

Nash equilibrium

Published on January 29, 2020

NAIRU
Definitions

NAIRU

Published on January 29, 2020

Banking regulation
Business economics

Banking regulation

Published on January 29, 2020

The multiplier effect
Definitions Right Rail

The multiplier effect

Published on January 28, 2020

Movements and shifts in demand and supply curves
Definitions

Movements and shifts in demand and supply curves

Published on January 28, 2020

Moral Hazard
Definitions Information Failure Behavioural economics

Moral Hazard

Published on January 28, 2020

Monopoly
Definitions

Monopoly

Published on January 28, 2020

Monetary policy committee
Definitions

Monetary policy committee

Published on January 28, 2020

Monetary policy
Definitions

Monetary policy

Published on January 28, 2020

Definition of Minimum Price
Definitions

Definition of Minimum Price

Published on January 28, 2020

Newer Posts
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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

Recent Post

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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More and more people are turning to AI chatbots for companionship and relationships, raising economic and ethical debates.
The Economics of Loneliness: Markets for Companionship
August 14, 2025

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