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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
Midpoint Method in Economics
Definitions Business economics

Midpoint Method in Economics

Published on December 30, 2023

A laptop on top of a table with the words "Join Us Online" on the screen.

Online Courses as a Case Study in Applied Economics: Insights for the Modern Classroom

Published on December 30, 2023

Best Practices & How To Manage Your Ecommerce Business

Best Practices & How To Manage Your Ecommerce Business

Published on December 29, 2023

The Growing Importance of Corporate Travel Management Tools and Services in the Remote Work Era

The Growing Importance of Corporate Travel Management Tools and Services in the Remote Work Era

Published on December 29, 2023

The Economics of Legitimate Review Sites: Reducing Information Asymmetry in the Digital Marketplace

The Economics of Legitimate Review Sites: Reducing Information Asymmetry in the Digital Marketplace

Published on December 29, 2023

Sergey Skuratov: Pilot Turned Executive
Profiles

Sergey Skuratov: Pilot Turned Executive

Published on December 26, 2023

Financial Benefits of Remote Work for Companies

Financial Benefits of Remote Work for Companies

Published on December 24, 2023

How Educational Technology Impacts Worker Effectiveness

How Educational Technology Impacts Worker Effectiveness

Published on December 22, 2023

Automated Penetration Testing: A Game-Changer for Financial Cybersecurity

Automated Penetration Testing: A Game-Changer for Financial Cybersecurity

Published on December 22, 2023

Positive vs. Normative Economics: A Comprehensive Guide
Definitions Managing the economy

Positive vs. Normative Economics: A Comprehensive Guide

Published on December 21, 2023

Newer Posts
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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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