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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

As AI companions become increasingly popular, serious questions are raised about the implications of "subscribing" to digital friendships. Should we be concerned about people entering AI relationships?...
5 min read
An image of a white bulb.
Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

An image of Euro bills.
Definitions Managing the economy

Seigniorage Explained

Published on October 22, 2024

A person playing Playstation.
Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

A hand selecting a bright pink miniature house from a row of black and pink model houses.
Definitions Information Failure Market Failure

Adverse Selection in Insurance

Published on October 18, 2024

A collection of various cryptocurrency coins, including Bitcoin.
Crypto Definitions

Trading Automation Penetrates the Cryptocurrency Sector

Published on October 18, 2024

A person playing a game in a handy device.
Definitions Behavioural economics

The Economics of Microtransactions

Published on October 18, 2024

Workers at their desk
Behavioural economics Definitions Business economics Factors of production

Frictional Unemployment

Published on October 17, 2024

A dilapidated three wheel passenger motorcycle in, presumably, Nigeria.
Managing the economy

The Economic Paradox of Nigeria: Oil Wealth and Underdevelopment

Published on October 14, 2024

Warsaw city skyline at night, featuring the illuminated Tower of Warsaw against a dark sky.
Managing the economy

Poland's Transition from Communism: Non-Corrupt Auctions and Equitable Resource Distribution

Published on October 14, 2024

A towering statue holding a sword and shield rises above a misty forest.
Managing the economy

Why Ukraine’s Economic Development Has Lagged Despite Its Vast Natural Resources and Educated Population

Published on October 14, 2024

Newer Posts
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Some remote workers are accused of time theft for only working a portion of their expected working hours.

The Economics of Time Theft: Productivity, Surveillance, and Remote Work

Is it cost-effective for companies with lots of remote workers to actively monitor them through "bossware" that tracks their online activities? Research shows that some monitoring can boost productivity, but too much can cause workers to rebel....
5 min read

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