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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
Tweezers placing a microchip onto a Raspberry Pi Pico microcontroller board.
Innovation & Technology Competitive markets

Lenovo Gains Ground as AI Demand Reshapes the Memory Market

Published on June 30, 2025

Stock market trading dashboard on a computer screen showing global indices with price changes and a green area chart tracking intraday performance.
Financial Markets

Liquidity Preference: Why Rational Investors Settle for Lower Returns

Published on June 30, 2025

A graphic of a shopping cart filled with cardboard boxes against a blue background. On the ground, there are paper wrapped boxes and bags.
Business economics Competitive markets Information Failure

Comparative Advantage and Platform Power: The Economics Driving the Rise of Digital Commerce

Published on June 26, 2025

Website coding IDE for web scraping
Business economics

The Role of Web Scraping in the Modern World of the Economy

Published on June 26, 2025

Stock ticker and charting software
Innovation & Technology

The New Economics of Crypto Exchanges: How Security, Liquidity and Compliance Became Barriers to Entry

Published on June 26, 2025

Stock market screen with tickers
Financial Markets

Best Stock Trading Courses Worth Knowing in 2026

Published on June 26, 2025

Construction cranes working with backdrop of sunset
Managing the economy

How financial management has become a strategic tool for implementing megaprojects

Published on June 26, 2025

A closeup of a hand with a marker writing on a transparent white board
Innovation & Technology Business economics Global economics

Creative Destruction: How Entrepreneurship, Innovation, and Business Formation Drive Economic Growth

Published on June 25, 2025

Office with workers sitting on chairs in open setting
Human Capital

Efficiency Wages and Worker Productivity: How Investment in the Workplace Can Be a Sound Economic Decision

Published on June 24, 2025

A graphic of a purple, shiny 3D cloud plugged into a microprocessing chip
Business economics Competitive markets Innovation & Technology

SaaS and the Subscription Economy: How Cloud Software Is Reshaping Business Competition and Market Concentration

Published on June 20, 2025

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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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