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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
Labour Market Flexibility
Global economics

Labour Market Flexibility

Published on February 04, 2020

Freedom of choice
Definitions

Freedom of choice

Published on February 04, 2020

ECB Quantitative Easing
Global economics

ECB Quantitative Easing

Published on February 04, 2020

Fiscal Stabilisers Discretionary Tax Policy
Global economics

Fiscal Stabilisers Discretionary Tax Policy

Published on February 04, 2020

Development Cases
Global economics

Development Cases

Published on February 04, 2020

Definitions

Definitions_home

Published on February 04, 2020

Policy conflicts
Managing the economy

Policy conflicts

Published on February 04, 2020

Tobin tax
Global economics

Tobin tax

Published on February 04, 2020

Supply-side policy
Global economics

Supply-side policy

Published on February 04, 2020

The WTO's Most Favored Nation Rule
Global economics

The WTO's Most Favored Nation Rule

Published on February 04, 2020

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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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