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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
An Indonesian passport placed on top of several Indonesian rupiah banknotes and coins.
Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

A plant growing in a small glass cup filled with coins.
Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

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Definitions Managing the economy

Core CPI vs CPI

Published on August 21, 2024

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Behavioural economics Managing the economy Business economics

Bayesian Persuasion and Information Design: How Free Audits Shape Client Decisions

Published on August 15, 2024

Man viewed from Top Down, working on a laptop and looking at invoices.
Business economics Managing the economy Market Failure

Unpaid Invoices: The Hidden Crisis Facing UK Small Businesses

Published on August 12, 2024

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Managing the economy

Many Sanctioned Economies Are Unaffected Largely Due to Decentralized Commerce Powered by the Web

Published on August 11, 2024

A man holding a baby and reading a children's book.
Managing the economy

Memory updated The Economic Impact of the Paternity Leave (Bereavement) Act in the UK

Published on August 11, 2024

Image of an office phone, foreground is focuse
Factors of production Managing the economy Labour markets Market Failure

Labor Market Polarization and the Rise of the Virtual AI Agent for Sales Calls: An Application of Routine-Biased Technological Change

Published on July 26, 2024

An image of a house with tall trees in the background.
Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

A woman standing by a window in Istanbul.
Competitive markets Managing the economy Global economics

External Economies of Scale and the Istanbul Medical Tourism Cluster: How Industrial Clustering Drives Competitive Prices in Global Cosmetic Healthcare

Published on July 25, 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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