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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
A city skyline showcases digital Bitcoin symbols and network connections, representing cryptocurrency's impact on urban life and technology.

How Do Crypto Payments Work?

Published on November 16, 2024

A hand holding rolled dollar bills with a blurred background of trees.
Behavioural economics

Why Americans Are Living Paycheck to Paycheck: The Financial Reality Behind Low Savings

Published on November 16, 2024

Regulatory Arbitrage and the Geography of Online Credit
Business economics Behavioural economics Competitive markets

Regulatory Arbitrage and the Geography of Online Credit

Published on November 15, 2024

Four skyscraper taken from the ground floor looking up, in black and white
Behavioural economics Business economics Competitive markets

Information Asymmetry and the Demand for Cross-Border Accounting Expertise

Published on November 15, 2024

A blurred cityscape background with overlaid bar graphs and line charts, titled "Digital Economy," symbolizing financial growth and innovation.

The Digital Economy: How Digital Transformation Is Reshaping Business Models and Compliance

Published on November 15, 2024

Close-up of a financial graph on a screen with rising and falling lines.

FTSE 100 Index Analysis: Five-Year Performance and November Outlook

Published on November 15, 2024

Image of four hands each holding dollar bills.
Definitions Business economics

Gross Wages vs. Net Wages

Published on November 14, 2024

Black and white photo of a Chinese back alley.
Behavioural economics Competitive markets

Monopolistic Competition and the Illusion of Variety

Published on November 14, 2024

A modern, sleek boutique interior featuring white marble floors, stylish clothing displays, and minimalist black furniture.

5 Best Custom Underwear Manufacturers for Luxury and Comfort (2025)

Published on November 14, 2024

A person standing in jeans and casual shoes beside a military-style backpack, boots, and an American flag on the ground.
Managing the economy Global economics

The Military-Industrial Complex: How Ongoing Conflicts Drive Profits for Defense Contractors

Published on November 13, 2024

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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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