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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
Cost Projections for Covid-19 Treatment in U.S
Uncategorized Business economics Managing the economy Market failures

Cost Projections for Covid-19 Treatment in U.S

Published on June 03, 2020

Comparing Fiscal Responses to COVID-19 as Percentage of GDP across Countries
Business economics Labour markets Managing the economy

Comparing Fiscal Responses to COVID-19 as Percentage of GDP across Countries

Published on June 03, 2020

International Student College Enrollment Trends in the US
Business economics Global economics Managing the economy

International Student College Enrollment Trends in the US

Published on June 02, 2020

Cash On-Hand For FAANG Companies during Covid-19
Business economics

Cash On-Hand For FAANG Companies during Covid-19

Published on June 02, 2020

College Education Costs and Inflation in the U.S and U.K
Business economics

College Education Costs and Inflation in the U.S and U.K

Published on June 02, 2020

Labour markets
Business economics

Labour markets

Published on February 04, 2020

Monopsony
Business economics

Monopsony

Published on February 04, 2020

Monopsony power
Business economics

Monopsony power

Published on February 04, 2020

What is Enterprise?
Business economics

What is Enterprise?

Published on January 29, 2020

Competitive labour markets
Business economics

Competitive labour markets

Published on January 29, 2020

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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