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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
Logo of H.I.G. Capital, featuring bold blue letters "H.I.G." followed by the word "CAPITAL" in uppercase, all on a white background.

H.I.G. Capital Completes Acquisition of 4Refuel for Up to CAD 400 Million

Published on September 28, 2024

An image of fruits like cherries and tomatoes along with a price tag.
Global economics Managing the economy

Did Food Prices Increase during the Great Depression?

Published on September 27, 2024

A fuel price display at a gas station showing the prices with a bright blue sky in the background.
Managing the economy Global economics

Does the US President Control Inflation?

Published on September 27, 2024

Closeup of golden bitcoins on a dark reflective surface and the histogram of decreasing crypto

Why Crypto Entrepreneurs Are Choosing Switzerland

Published on September 25, 2024

Surge Pricing in the Age of AI: Fairness or Exploitation?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Published on September 25, 2024

A hand painted like the flag of Russia.
Managing the economy Global economics

Analyzing Russian Economic Resilience in the Post-Sanctions Era

Published on September 22, 2024

A person using the laptop looking at data and analytics.

Did Reparations to France Hamper Haitian Economic Growth?

Published on September 21, 2024

A red bicycle leaning against a wooden fence painted with a large red maple leaf on a background of white and blue panels.
Managing the economy Market Failure

Housing Shortages and Canada's Rental Controls

Published on September 20, 2024

Two men face each other with computer screens showing a car and a shirt, separated by a yellow triangle labeled 'Information Asymmetry'

The Economics of Digital Signaling: Information, Attention, and the Role of Presentation

Published on September 20, 2024

A fisherman rowing in the middle of the sea with huge rock formations in the background.
Definitions Business economics

Primary Sector Economics

Published on September 19, 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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