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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
The Rise of Specialized B2B Services in the Modern Economy

The Rise of Specialized B2B Services in the Modern Economy

Published on November 29, 2023

Valery Miroshnikov: Developing Deposit Insurance in Russia
Profiles

Valery Miroshnikov: Developing Deposit Insurance in Russia

Published on November 29, 2023

Risk Management in Modern Business: Leveraging Technology for Secure Data Handling

Risk Management in Modern Business: Leveraging Technology for Secure Data Handling

Published on November 28, 2023

Automation and Innovation: Leveraging Technology for Efficient Online Business Operations and Smooth Sales Transitions

Automation and Innovation: Leveraging Technology for Efficient Online Business Operations and Smooth Sales Transitions

Published on November 28, 2023

The Rise of Boutique Services: A Growing Sector Reflecting Wealth Inequality
Business economics

The Rise of Boutique Services: A Growing Sector Reflecting Wealth Inequality

Published on November 25, 2023

Behavioral Economics in Change Management: Analyzing Resistance and Incentives

Behavioral Economics in Change Management: Analyzing Resistance and Incentives

Published on November 23, 2023

Crypto vs. Stocks: Which Is the Better Investment for 2025?

Crypto vs. Stocks: Which Is the Better Investment for 2025?

Published on November 23, 2023

Trilemma: A Comprehensive Guide
Definitions Managing the economy

Trilemma: A Comprehensive Guide

Published on November 22, 2023

What is the Rust Belt?
Definitions Global economics

What is the Rust Belt?

Published on November 21, 2023

Bitcoin Halving 2024: What It Means for Investors and the Future of Cryptocurrency

Published on November 17, 2023

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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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