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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 and white photo of a man looking at his macbook with a trading screen on it.
Business economics Competitive markets

Market Access, Transaction Costs, and Financial Inclusion in Retail FX: The Case of OANDA

Published on September 19, 2024

Forex trading dashboard with candlestick chart, currency symbols, and arrows illustrating lowering barriers in spreads, deposits, and onboarding costs

Graphics Wars: Nvidia Surges While AMD Feels the Pressure

Published on September 19, 2024

Diversity and Resilience: The Hidden Drivers of Economic Growth in Modern Business

Diversity and Resilience: The Hidden Drivers of Economic Growth in Modern Business

Published on September 17, 2024

Smarter Web Company: Leading Bitcoin Purchases in the UK and Shaping the Future

Smarter Web Company: Leading Bitcoin Purchases in the UK and Shaping the Future

Published on September 17, 2024

Kitchen Economics: Lease Today, Own Tomorrow?

Kitchen Economics: Lease Today, Own Tomorrow?

Published on September 16, 2024

A tall building with Gothic architecture, featuring tall spires, arched windows, and a lawn.

UK Universities Are Educating the Next Generation of Criminals, Tyrants, and Despots

Published on September 14, 2024

An image showing different AI applications.
Forex Trading Managing the economy

AI Penetrates Retail Currency Trading As More Products Become Available

Published on September 13, 2024

Man working on a laptop with code on the screen.
Business economics Competitive markets

Who Captures the Surplus? Complementors vs. Platforms — Platform Economics, Bargaining Power & Value Capture

Published on September 06, 2024

A man working on a task in front of a small, cluttered shop filled with tools, materials, and everyday items.
Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

A screen and a laptop, with black background and colorful code.
Business economics Competitive markets

Make-or-Buy in Software: The Boundaries of the Firm through Transaction Cost Economics

Published on September 03, 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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