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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
Cost–Benefit Analysis of Stadium Redevelopment

Cost–Benefit Analysis of Stadium Redevelopment

Published on January 23, 2025

Abstract graphic featuring interconnected hexagons on a gradient background with glowing lines and a globe, symbolizing technology and connectivity.

Ethereum Co-Founder Vitalik Buterin Calls Attention to Decentralized Stablecoins

Published on January 23, 2025

A colorful assortment of various banknotes from different countries, including British pounds, Canadian dollars, and U.S. dollars.

The Economics of 2026: Outlook for Consumers

Published on January 22, 2025

A photograph of a bust of Karl Marx
Managing the economy

Historical Materialism and the Misjudgment of Capitalism in the 19th Century

Published on January 18, 2025

An opened cash register filled with USD currency.

Merchant Cash Advances in 2026: Credit Rationing, Risk Pricing, and the Economics of Alternative Business Finance

Published on January 18, 2025

3D text artwork featuring the word "ACCOUNTING" surrounded by related terms like profits, assets, budget, and investments against a blue background.

FRS 102 Lease Compliance in the UK: What’s Changed, What It Means, and How It Ripples Through the Economy

Published on January 17, 2025

Cube, cone and donut shapes rendered by computer in 3D
Business economics Behavioural economics Competitive markets

Credence Goods and the Erosion of Trust-Based Pricing: How AI Logo Generators Are Reshaping Design Markets

Published on January 17, 2025

Screen of a computer running video editing software.
Behavioural economics Business economics Competitive markets

Human Capital Theory and the Devaluation of Experience: AI Video Enhancers and the Reallocation of Creative Skill

Published on January 17, 2025

Black Thursday
Forex Trading Global economics

Black Thursday

Published on January 16, 2025

Abstract AI brain represented in polycules.
Behavioural economics Business economics Competitive markets

Transaction Cost Economics and Institutional Lag: Why AI “Humanizer” Tools Thrive in Rapid Innovation Markets

Published on January 16, 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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