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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 towering statue holding a sword and shield rises above a misty forest.
Managing the economy

Why Ukraine’s Economic Development Has Lagged Despite Its Vast Natural Resources and Educated Population

Published on October 14, 2024

The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management
Managing the economy

The USSR’s Early Embrace of Capitalism: What the NEP Reveals About Economic Management

Published on October 14, 2024

A busy urban street in Buenos Aires, Argentina.
Managing the economy

Argentina’s Marked Decline: Government Failure vs Predatory Capitalism

Published on October 14, 2024

Custom warehouse racking with no products on the racks.
Business economics Competitive markets

The Unbundling of the Firm: A-la-Carte B2B and the Boundaries of Production

Published on October 13, 2024

Red domino pieces falling in a sequence on a wooden surface, with a green toy structure in the background.

Global Economic Ripples: How Emerging Markets Navigate High Borrowing Costs

Published on October 12, 2024

A grand mosque with domes and tall minarets surrounded by greenery under a clear sky.
Managing the economy Global economics

Why is Turkey a Bad Economy?

Published on October 11, 2024

Soft Skills for Building Trust in a Blockchain-Driven Business World

Soft Skills for Building Trust in a Blockchain-Driven Business World

Published on October 11, 2024

A white calculator with large buttons next to a bright red toy car, both placed on a clean, white surface.

The Economics of Car Financing: Interest Rates, Credit Risk, and Consumer Choice

Published on October 09, 2024

A top view of various cryptocurrency coins on a dark trading chart, showing price fluctuations and market data.

Why Independent Reserve Dominates as a Licensed Crypto Exchange in Singapore’s 2025 Regime

Published on October 09, 2024

From Plastic to Digital: The Economic Transformation of the UK Mobile Market through eSIM Adoption

Published on October 08, 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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