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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
Used plastic bottles in a metal crate for recycling
Business economics Global economics Market Failure

The Market for Sustainable Goods: Pigouvian Taxation, Plastics and Waste

Published on June 03, 2025

Lady Justice scales and gavel on open book symbolising law and economic regulation
Labour markets

Why Strong NDAs Matter More Than Ever in Modern Consulting

Published on June 02, 2025

A suited man with a bag on his head labeled "TAX" points towards the viewer against a mint green background.

7 Common Tax Mistakes That American Expats Make and How to Avoid Them

Published on June 02, 2025

Child sitting in front of a computer with headphones on, with a pen in hand, looking at a laptop, engaging in online learning.
Behavioural economics Business economics Competitive markets

Economies of Scale and the Growth of Online K–12 Learning Platforms

Published on May 31, 2025

Bitcoin trading chart on a digital market platform showing price movements and technical analysis data.

The Role of AI Trading Bot for Forex Markets in Modern Forex Robot Strategies

Published on May 30, 2025

Close-up of a digital trading dashboard displaying stock market indices, percentage changes, and a live price chart on a computer screen.

The Role of AI Trading Bots for Forex Markets in Modern Forex Robot Strategies

Published on May 30, 2025

Container shipping with Stevedoors
Behavioural economics Business economics Competitive markets

Demand Uncertainty and the Value of Flexible Storage Capacity

Published on May 29, 2025

Blurred shoppers walk beneath a glowing Apple logo inside a modern Apple Store with a polished black-and-white tiled floor

Loyalty is the New Retention: Why Customer Success Isn't Enough for Your SaaS

Published on May 28, 2025

How Much Profit Does Apple Make Per iPhone

How Much Profit Does Apple Make Per iPhone

Published on May 25, 2025

Office furniture in a modern setting
Business economics Competitive markets

Office Furniture, Worker Productivity, and the Economics of Workplace Investment

Published on May 25, 2025

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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

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