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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
UK_Productivity
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UK_Productivity

Published on January 28, 2020

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UK_Earnings

Published on January 28, 2020

UK_Underemployment
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UK_Underemployment

Published on January 28, 2020

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UK_Youth_unemployment

Published on January 28, 2020

Employment rates
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Employment rates

Published on January 28, 2020

Unemployment
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Unemployment

Published on January 28, 2020

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UK_Sterling

Published on January 28, 2020

Inflation latest
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Inflation latest

Published on January 28, 2020

Exchange rates
Global economics

Exchange rates

Published on January 27, 2020

The financial crisis
Global economics

The financial crisis

Published on January 27, 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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