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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
European competition policy
Business economics

European competition policy

Published on January 29, 2020

Royal mail privatisation
Business economics

Royal mail privatisation

Published on January 29, 2020

Tesco and Booker merger
Business economics

Tesco and Booker merger

Published on January 29, 2020

Asda-sainsbury-merger
Business economics

Asda-sainsbury-merger

Published on January 29, 2020

Keynes
Managing the economy

Keynes

Published on January 29, 2020

Poverty
Managing the economy

Poverty

Published on January 29, 2020

Balance of payments
Global economics

Balance of payments

Published on January 29, 2020

Business economics

Zero-hours-contracts

Published on January 29, 2020

Fiscal policy
Global economics

Fiscal policy

Published on January 29, 2020

Equilibrium
Managing the economy

Equilibrium

Published on January 29, 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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