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Since the release of ChatGPT in November 2022, improvements in large language models have continued at an impressive clip, driving a surge of investment in new models, developing new products based on them, and in constructing data centres and other infrastructure needed to run AI models. What will the economic landsca
Football and basketball teams at Division I universities generate billions in revenue. But the student-athletes themselves do not receive salaries. Should they? Most have scholarships for their tuitions, but to what degree are they students, as well as athletes? And how does the money raised through these big-ticket sp
High intensity flooding events, storms, wildfires, and droughts are becoming more frequent in many parts of the world. Are there measures that can help mitigate the number and severity of these events? What adaptations could make fires, storms, and floods less destructive? And is there a greater role for the government
Much like national economies, countries that economically interact with each other need rules to help ensure markets work well, and that economic outcomes accord with some understanding of fairness and equity. While such rules can constrain what a country does, for much of the post-war era, nations have recognized the
The basic principles of economics are not only worthwhile reading for students, but for the wider public, and perhaps especially, for those involved in policy. Greg Mankiw, the author of best-selling textbooks for Macroeconomics and Principles of Economics joins EconoFact Chats to highlight how a wider understanding of
In 1860, the United States had no national currency, no national bank, and no income tax. Lincoln had a vision of advancing the economic fortunes of the country and fostering greater economic equality through, for example, incentivizing railroads and creating land-grant universities. He and his Treasury Secretary Salmo
