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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
Laptop with technology in the background, showing a candle chart on the main screen.
Behavioural economics Business economics Competitive markets Managing the economy

How Technological Diffusion and Democratization of Access Are Transforming Crypto Markets

Published on April 29, 2024

Man working from a home setting with a custom PC setup.
Behavioural economics Business economics Competitive markets

How Market Expansion and Specialization Are Shaping the Freelance Economy

Published on April 29, 2024

A picture of a data centre.

Tech Giants clash over data center spending

Published on April 28, 2024

Sign showing the word "silver" in various language
Behavioural economics Business economics Competitive markets Labour markets

How Nudge Theory Is Transforming Customer Loyalty Through Behavioral Economics

Published on April 28, 2024

Man giving presentation on a large TV screen in front of 7 co workers in a techy office setting.
Behavioural economics Global economics Managing the economy

How Creative Destruction Is Reshaping Web Development Through No-Code Platform

Published on April 28, 2024

Paysation Payment Gateway for Seamless Online Payment Integration

Paysation Payment Gateway for Seamless Online Payment Integration

Published on April 27, 2024

Stock Market Crash of 1987
Definitions Global economics Managing the economy

Stock Market Crash of 1987

Published on April 26, 2024

Two baby bottles on a blurry backgroun
Behavioural economics Business economics Competitive markets

Reputation Economics and Signaling Theory: Why “Made in Germany” Dominates the Global Baby Formula Market

Published on April 24, 2024

Watch laying down on an apple macbook with a watch, brown leather strap.
Behavioural economics Business economics

Piggybacking on Brand Value: The Economics of Free Riding in the Accessory Market

Published on April 23, 2024

White board with neat print outs of 8x11" paper lined up in a row, pinned to it.
Forex Trading Global economics Information Failure

Market Microstructure Theory: How Intraday Data Powers Modern Price Discovery and Arbitrage

Published on April 23, 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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