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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
Black office binders labeled “Withholding tax” and “Corporate tax” stacked on top of paperwork files with sticky notes, symbolizing business taxation and financial administration.

The April 2026 Dividend Tax Hike: What It Means for Business Owners

Published on February 21, 2025

A glowing digital world map with illuminated network nodes and connecting lines spanning continents, symbolizing global data flow and information networks.

Prediction Markets and the Economics of Crowd-Sourced Forecasting

Published on February 20, 2025

Asset Utilisation and the Economics of Equipment Sharing in Capital-Intensive Industries

Asset Utilisation and the Economics of Equipment Sharing in Capital-Intensive Industries

Published on February 17, 2025

Gold bull and silver bear statues facing each other on a reflective surface, with blurred red and green stock market chart bars in the background.

The Debt Funds Strategy for High Liquidity and Safety

Published on February 17, 2025

The Economics of Startup Fundraising: Why Market Structure Matters

The Economics of Startup Fundraising: Why Market Structure Matters

Published on February 17, 2025

Stethoscope resting on financial charts and bar graphs illustrating the economic impact of medical negligence.

The Economic Cost of Medical Negligence: How Healthcare Failures Impact Individuals and the Economy

Published on February 15, 2025

Image of a trading terminal with black background.
Behavioural economics Business economics Competitive markets

Human Capital Theory and Skill Compression: How Visual Tools Lower Barriers in Financial Markets

Published on February 14, 2025

A highway with 1 motorcycle riding on it.
Behavioural economics Business economics Competitive markets

Public Goods Theory and Private Provision: Why Governments Finance Roads but Do Not Build Them

Published on February 13, 2025

Close-up of three credit cards in varying colors, displaying embossed numbers and expiration dates, on a blurred background.

Consumer Protection in Payments: What Happens After You Report Fraud

Published on February 11, 2025

Office setting with woman reading a piece of paper in the foreground and man and woman in the background.
Behavioural economics Business economics Competitive markets

Vertical Differentiation and Market Power in Recruitment Micro-Niches: An Industrial Organisation Perspective

Published on February 10, 2025

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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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