Author’s note: this article was written by ChatGPT. Additional spaces between sentences were added to facilitate in the reading experience, but no content was changed. The following prompt was given to create the article: “Explain how ChatGPT is an example of technology versus labor in economics. …

ChatGPT, the AI language model launched by OpenAI in 2022, has created a frenzy of headlines and press releases within the past three months. The chatbot is exceptionally well-developed, capable of creating text from prompts within just a few seconds. It’s already clear that the software will change content creation…

Explaining Comparative Advantage Comparative advantage is a concept in economics that refers to a country’s ability to produce a particular good or service more efficiently than another country. …

If you follow the stock market on a regular basis, you’ve probably heard people say that “the stock market is up” or “the stock market is down.” These phrases, although common, are somewhat misleading. The term “stock market” refers to a variety of exchanges where shares of publicly traded firms…

With the honoring of Veteran’s Day this month, I am reminded of the power that a well-told story can wield. War, since the beginning of mankind, has been recorded in stories. Those tales range from barbaric to heroic, from tragic to patriotic, reminding us that conflict brings out both the…

I recently covered 22 economics terms everyone should know, but that was only the tip of the iceberg. There are thousands—literally thousands—of terms within the field of economics. So, without further ado, here are 21 additional terms that every economics student should know. Macroeconomics Analyzing economic-wide phenomena like growth, inflation, and…

How a personal tragedy changed Theodore Roosevelt’s life — It was the eve of Valentine’s Day, February 13th, 1884, and Theodore Roosevelt was on top of the world. At 25 years old, the youthful New York congressman was at what appeared to be the height of his personal and professional life. That very morning, while serving at the New…

Economics can seem like a daunting subject. It’s a field that encompasses markets, supply, demand, human behavior, externalities, property rights, and…well, you get the point. But despite its intimidating nature, economics is a subject that everyone encounters in one way or another. …

Forgotten history of the Second Boer War — The country village of Irene is located on the eastern outskirts of Centurion, a large municipality in the South African province of Gauteng. It is a beautiful and charming village, one that seems both idyllic and reminiscent of simpler times. To the unassuming tourist, Irene can be taken at face…