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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
Leverage Ratios Explained
Definitions Business economics

Leverage Ratios Explained

Published on February 18, 2024

Shortages in Economics
Definitions Competitive markets

Shortages in Economics

Published on February 13, 2024

An automotive assembly line.

Macroeconomic Perspectives on the Automotive Industry: How Data Transparency Drives Growth

Published on February 12, 2024

A gold Dogecoin with a Shiba Inu's face overlays a fifty-dollar bill, blending cryptocurrency and cash imagery.

Grayscale Introduces Dogecoin Trust Amid Rising Altcoin Interest

Published on February 11, 2024

Market Equilibrium and the Post-COVID Office Space Rebalancing

Market Equilibrium and the Post-COVID Office Space Rebalancing

Published on February 10, 2024

Smart phone with social media icons on the screen, laying on a piece of fabric.
Managing the economy Business economics Behavioural economics

Incentives and the Attention Economy: A Study in Supply and Demand

Published on February 10, 2024

Prospect Theory
Definitions Behavioural economics

Prospect Theory

Published on February 09, 2024

What is Mercantilism?
Definitions Global economics Managing the economy

What is Mercantilism?

Published on February 08, 2024

How Risk Management Helps to Safeguard Financial Security from an Economic Perspective

How Risk Management Helps to Safeguard Financial Security from an Economic Perspective

Published on February 08, 2024

Leveraging Technological Advancements to Optimize Trade and Investment Operations

Leveraging Technological Advancements to Optimize Trade and Investment Operations

Published on February 08, 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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