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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
Image of buildings next to a body of water.
Behavioural economics Business economics Competitive markets

Economies of Scope and the Rise of Global Legal Service Platforms

Published on June 01, 2024

Considerations in Changing Succession Laws Globally

Considerations in Changing Succession Laws Globally

Published on May 30, 2024

Contagion Meaning in Economics
Definitions Global economics

Contagion Meaning in Economics

Published on May 29, 2024

Deindustrialisation
Definitions Global economics

Deindustrialisation

Published on May 29, 2024

Green and Red net grid meant to represent machine learning nodules
Business economics Competitive markets Factors of production

Comparative Advantage and the Rise of B2B AI & ML Development Services

Published on May 29, 2024

Picture of laptop and computer screen with pink underlight. The screens have bar charts on them.
Behavioural economics Business economics Competitive markets

Risk Correlation and Systemic Contagion: The Hidden Danger in Unified Trading Platforms

Published on May 29, 2024

The Economics of Internet Shutdowns: The Global Cost of Digital Censorship

The Economics of Internet Shutdowns: The Global Cost of Digital Censorship

Published on May 29, 2024

Hedging Definition
Definitions Forex Trading

Hedging Definition

Published on May 27, 2024

From $2623 to $3500: Gold’s Impressive First-Half Rally and What Comes Next

From $2623 to $3500: Gold’s Impressive First-Half Rally and What Comes Next

Published on May 26, 2024

Crypto wallet ledger in a golden box with golden metal bitcoin
Behavioural economics Competitive markets Crypto

How Financial Sovereignty and Decentralization Are Reshaping the Future of Crypto Custody

Published on May 26, 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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