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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
Financing development
Global economics

Financing development

Published on February 04, 2020

Greece_rejects_austerity
Global economics

Greece_rejects_austerity

Published on February 04, 2020

Improving competitiveness
Global economics

Improving competitiveness

Published on February 04, 2020

Applying AD-AS analysis
Managing the economy

Applying AD-AS analysis

Published on February 04, 2020

European monetary policy
Managing the economy

European monetary policy

Published on February 04, 2020

Apple-Saving
Managing the economy

Apple-Saving

Published on February 04, 2020

Global economics

Greek_banks_re-open

Published on February 04, 2020

Managing the economy

Labour-paid_work_statistics

Published on February 04, 2020

Managing the economy

Perspectives_on_equiibrium

Published on February 04, 2020

Questions on the multiplier
Managing the economy

Questions on the multiplier

Published on February 04, 2020

Newer Posts
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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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