Phys.org – Economics & Business

The impact of scientific research extends far beyond the laboratory. Breakthroughs like insulin and innovations like the internet have transformed our everyday lives. They also influence policymaking and the overall economy. To make the most […]

In business, marketing and social work, financial incentives are often used to increase people’s motivation, guide their behavior and achieve lasting success. However, the latter is not always the case, as a recent study in […]

Since 2022, American companies, consumers, and even the United Nations have used large language models—artificial intelligence (AI) systems such as ChatGPT that are trained to create text that reads like human-generated writing. In a study […]

A new study published in Nature shows that as the global economy more than doubled between 2000 and 2022, it still left billions of people without life’s essentials, while rapidly pushing Earth’s life-supporting systems further […]

Scientific research apparently has its own share of beginner’s luck. According to a study by Mahdee Mushfique Kamal and Raiyan Abdul Baten, teams with a larger number of newbies take the cake when it comes […]

The use of artificial intelligence (AI) in public administration is increasing worldwide—including in the allocation of social services such as unemployment benefits, housing benefits, and social welfare. However, an international research team from the Max […]

Physicist Albert Einstein famously posited that if he only had an hour to crack a daunting problem, he’d devote 55 minutes to understanding it and only five minutes to crafting a solution. Einstein believed that […]

A model study now explores how carbon pricing with redistribution can help the energy transition and the climate worldwide, while increasing welfare and reducing economic inequality—which is important for enforceability.This post was originally published on […]

A new study out of the Complexity Science Hub (CSH) reveals that, over 170 years of economic history, the transformation of U.S. cities follows a surprisingly stable rule: while cities evolve and diversify, they on […]

A new Northwestern study analyzing public records maintained by the U.S. Government Publishing Office and Congressional Budget Office over a 40-year period showed that federal science and research accounts received more funding when Republicans controlled […]