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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
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

Liberia: A Nation Founded by Former American Slaves and Its Struggles for Economic Stability

Liberia: A Nation Founded by Former American Slaves and Its Struggles for Economic Stability

Published on October 14, 2024

An elderly woman wearing a pink headscarf stands gracefully in front of a textured wall.
Managing the economy

Ethiopia’s Economic Challenges: Understanding Why It Hasn’t Achieved Sustainable Development Despite Its Long History

Published on October 14, 2024

Economic Decline in South Africa: Unpacking the Challenges 30 Years After Apartheid

Economic Decline in South Africa: Unpacking the Challenges 30 Years After Apartheid

Published on October 14, 2024

 An image of Hallgrimskirkja church surrounded by trees and a pathway leading up to its entrance.
Managing the economy

The Resilience of Iceland: Why It Recovered Rapidly from the 2008 Economic Crisis and Maintains Economic Stability Today

Published on October 14, 2024

Diverging Destinies: Why Jamaica and Singapore Took Vastly Different Economic Paths Post-Decolonization

Diverging Destinies: Why Jamaica and Singapore Took Vastly Different Economic Paths Post-Decolonization

Published on October 14, 2024

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

Custom warehouse racking with no products on the racks.
Business economics Competitive markets

The Unbundling of the Firm: A-la-Carte B2B and the Boundaries of Production

Published on October 13, 2024

Red domino pieces falling in a sequence on a wooden surface, with a green toy structure in the background.

Global Economic Ripples: How Emerging Markets Navigate High Borrowing Costs

Published on October 12, 2024

Newer Posts
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Older Posts
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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