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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
The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management
Managing the economy

The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management

Published on October 14, 2024

A busy urban street in Buenos Aires, Argentina.
Managing the economy

Argentina’s Marked Decline: Government Failure vs Predatory Capitalism

Published on October 14, 2024

A grand mosque with domes and tall minarets surrounded by greenery under a clear sky.
Managing the economy Global economics

Why is Turkey a Bad Economy?

Published on October 11, 2024

A photo of many hands stacked altogther.
Definitions Managing the economy

Disadvantages of Socialism

Published on October 08, 2024

An image of a typewriter with a "Job Application" written in a paper.
Definitions Managing the economy Labour markets

Natural Unemployment Formula

Published on October 07, 2024

A vacuum cleaner on a wooden floor with a several one-dollar bills.
Managing the economy

Rising Federal Debt in the U.S. Will Degrade the Dollar or Degrade Government Efficacy

Published on October 05, 2024

A miniature figure of a person sitting on a stack of coins reading a newspaper.
Managing the economy

German's Rurh Valley: A Masterfully Planned Regional Economy

Published on October 04, 2024

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Definitions Managing the economy

Pros and Cons of Universal Basic Income (UBI)

Published on October 03, 2024

An image of a person playing with wooden chess pieces.
Definitions Managing the economy

Central Planning

Published on October 01, 2024

Three elder adults walking side by side.
Definitions Managing the economy

Dependency Ratio Definition

Published on October 01, 2024

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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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