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It seems like everyone is glued to their phones these days...probably because app creators know how to make their sites addictive!

Attention Markets and the Allocation of Cognitive Scarcity

The rapid rise of the smartphone, social media, and streaming entertainment have created more competition for our attention than ever before. Who wants our attention, and why? Are there any potential economic harms to our attentions being so divided among productivity and entertainment?...
4 min read
Normal profits
Definitions

Normal profits

Published on January 29, 2020

Normal goods
Definitions

Normal goods

Published on January 29, 2020

Nominal wages
Definitions

Nominal wages

Published on January 29, 2020

Net welfare loss
Definitions

Net welfare loss

Published on January 29, 2020

Net welfare gain
Definitions

Net welfare gain

Published on January 29, 2020

National minimum wage
Definitions

National minimum wage

Published on January 29, 2020

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

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Stacks of documents secured with large black binder clips are arranged on a desk, with a blurred keyboard and calculator in the background.

Transaction Cost Economics and Why Businesses File Dormant Company Accounts

Sometimes a business will continue to be registered even though it is not actively trading. This could be seen mainly as an administrative d...
4 min read

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