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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Monetary Base
Definitions Managing the economy

Monetary Base

Published on April 06, 2023

Structural Unemployment
Definitions Managing the economy

Structural Unemployment

Published on April 05, 2023

Ricardian Equivalence
Definitions Behavioural economics Global economics Managing the economy

Ricardian Equivalence

Published on March 22, 2023

Budget Surplus Definition
Definitions Managing the economy Global economics

Budget Surplus Definition

Published on March 22, 2023

Inflationary Gap
Business economics Global economics Definitions Managing the economy

Inflationary Gap

Published on March 05, 2023

What is Derived Demand?
Definitions Managing the economy

What is Derived Demand?

Published on November 11, 2022

The Free Rider Problem
Managing the economy Market failures

The Free Rider Problem

Published on October 25, 2022

An example of seasonal unemployment depicted in a ski slope in summer, with its ski lifts not in operation.
Labour markets Managing the economy

Seasonal Unemployment

Published on September 19, 2022

Socialism Vs. Communism
Definitions Managing the economy

Socialism Vs. Communism

Published on September 19, 2022

Understanding Keynesian Theory of Excessive Saving
Managing the economy

Understanding Keynesian Theory of Excessive Saving

Published on September 24, 2021

Newer Posts
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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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