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Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?...
4 min read
A photograph of a port with cargo containers.
Managing the economy

Consumer Surplus and the Economics of Parallel Importation

Published on January 10, 2025

City skyline illuminated at night overlaid with digital graphs and binary code, representing finance and technology.

What Is Proprietary Trading and How Does It Work?

Published on January 09, 2025

A person stands in a grocery store holding a smartphone and a blue shopping basket, surrounded by colorful produce displays.

The Economics of Product Safety in Consumer Markets

Published on January 09, 2025

A colorful stock market chart displays candlestick patterns, volume bars, and moving averages over a timeline from March to June.

Nvidia and Google’s Competing Paths in AI Compute

Published on January 09, 2025

A city skyline at night overlaid with a large Bitcoin symbol and digital icons representing blockchain technology and logistics.

Investments: The Global Shift to Cryptocurrencies

Published on January 09, 2025

A glowing blue sphere labeled "AI" connected by digital lines, symbolizing artificial intelligence and network connections.

Business Cases for AI: How Firms Should Prioritize AI Projects

Published on January 08, 2025

Photograph of a city by the ocean, with various ships traversing the water in front of it.
Global economics

Global Trade in the Age of Deglobalization - Is the World Turning Inward?

Published on January 07, 2025

Picture of a shopping center at night.
Behavioural economics

The Behavioral Economics of Everyday Choices: Why We Spend, Save, and Splurge

Published on January 07, 2025

A person types on a laptop, with digital graphs and charts overlaid, illustrating data analysis and technology use.

Why Controlling Your Online Data Is Part of Today’s Economy

Published on January 06, 2025

Image of a crowd of students graduating, standing in their graduation gowns.
Managing the economy Market Failure

Tuition and Administrative Bloat: Examining the Economic Principle of Cost Disease

Published on January 01, 2025

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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
4 min read

Recent Post

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What Is the Economic Impact of Divorce on Households?
May 18, 2026
Thanks to APIs, many programmers can create add-ons and extensions to existing software.
API Economies and the Modularization of Production
May 18, 2026

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