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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
An Intel microchip overlaying a financial chart, with the U.S. Capitol dome and an American flag in the background, symbolizing tech and policy.

US Government Stake in Intel Fuels Volatility in Semiconductor Markets

Published on September 03, 2024

Image of North America from space, at night
Business economics Competitive markets

Economies of Density and the Last-Mile: Urban Economics in the Age of Geocoding

Published on September 03, 2024

Black screen with lines of code on it.
Behavioural economics Business economics Competitive markets

Bayesian Quality Economics: Value of Information & Optimal Thresholds

Published on September 02, 2024

Economic Research: Top 10 Prompts to Generate Topics with AI Assistance

Economic Research: Top 10 Prompts to Generate Topics with AI Assistance

Published on September 01, 2024

An Indonesian passport placed on top of several Indonesian rupiah banknotes and coins.
Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

A plant growing in a small glass cup filled with coins.
Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

A person using a portable payment device, selecting between options like debit, credit, installment credit, and Pix.
Global economics

Fintech Sector Continues to Grow Due to Contribution From Third World Economies

Published on August 30, 2024

A row of log cabins.

Rural Housing Economics: Supply, Demand, and the Rise of Alternative Assets

Published on August 29, 2024

A photo of piggy bank with a white background.
Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

Image of a person counting dollar bills.
Definitions Labour markets

Sticky Wages

Published on August 28, 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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