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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
Hand using a stylus to adjust photo editing sliders on a tablet screen

Network Effects in AI Photo Enhancement Platforms

Published on July 23, 2026

PR agency presentation board
Market Failure

Reputation as a Public Good: Externalities in Corporate Communications Markets

Published on June 24, 2026

Oil tanker moving in ocean
Managing the economy

Hormuz May Reopen, but the Oil Shock Is Far From Over

Published on June 24, 2026

Bronze statue of Lady Justice wearing a blindfold and holding balanced scales, symbolizing fairness, impartiality, and the legal system, against a neutral background.

Understanding Cost Barriers in Legal Services

Published on June 01, 2026

silver market
finance Commodities Investing

Portfolio Diversification and Modern Portfolio Theory: How Does Silver Help Us Understand the Potential Efficient Frontier?

Published on May 30, 2026

A couple staring at the sea leaning on a guard rail.

What Is the Economic Impact of Divorce on Households?

Published on May 18, 2026

AI logo and network powe
Competitive markets Innovation & Technology

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Published on May 18, 2026

SpaceX rocket in a large assembly hangar, showing engines and fuselage under bright industrial lighting.

Amazon vs SpaceX: Capital, Infrastructure, and the New Space Race

Published on April 24, 2026

The letters A and I

SK hynix Bets on AI Memory Boom with $67B Investment Push

Published on April 16, 2026

https://www.economicsonline.co.uk/definitions/asymmetric-information.html/

How Transaction Cost Economics Explains How Logistics Technology Reduces Operational Costs

Published on April 02, 2026

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Older Posts
Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read

Recent Post

Hand using a stylus to adjust photo editing sliders on a tablet screen
Network Effects in AI Photo Enhancement Platforms
July 23, 2026
PR agency presentation board
Reputation as a Public Good: Externalities in Corporate Communications Markets
June 24, 2026
Oil tanker moving in ocean
Hormuz May Reopen, but the Oil Shock Is Far From Over
June 24, 2026

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