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Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

The dozens of apps on your phone can communicate with each other thanks to Application Programming Interfaces (APIs), which revolutionized software beginning in the year 2000. What are the economic ramifications of modularized production, where add-ons and expansions abound?...
4 min read
Black Thursday
Forex Trading Global economics

Black Thursday

Published on January 16, 2025

Stone statue of Yen currency symbol.
Definitions Forex Trading

Yen Carry Trade

Published on December 02, 2024

Computer screen showing stock market data with a red graph going downwards indicating a decline.
Forex Trading Managing the economy

What Caused the Stock Market Crash of 1929?

Published on November 26, 2024

An image showing different AI applications.
Forex Trading Managing the economy

AI Penetrates Retail Currency Trading As More Products Become Available

Published on September 13, 2024

A hand reaching toward two black cards placed on a wooden surface, one labeled "BUY" and the other labeled "SELL".
Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

Two screen and two keyboards with trading graphs.
Behavioural economics Business economics Definitions Forex Trading

Behavioral Economics and the Scalping Illusion: How Overconfidence Fuels the Market for Dubious Forex Trading Strategies

Published on June 25, 2024

Hedging Definition
Definitions Forex Trading

Hedging Definition

Published on May 27, 2024

White board with neat print outs of 8x11" paper lined up in a row, pinned to it.
Forex Trading Global economics Information Failure

Market Microstructure Theory: How Intraday Data Powers Modern Price Discovery and Arbitrage

Published on April 23, 2024

Stock market chart featuring green and red candlestick patterns on a dark background.
Forex Trading

Forex Day Trading With $1000 or Less: Beginner's Guide

Published on February 03, 2024

The Ultimate Guide to Selecting a Broker for Forex Trading
Forex Trading

The Ultimate Guide to Selecting a Broker for Forex Trading

Published on September 20, 2021

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AI can work much faster than human employees, but rates of AI hallucinations and other errors remain significant.

The Economics of AI Hallucinations and Error Costs

AI can be great, but "AI hallucinations" are frequent when AI software attempts to plug in data holes with information that it creates. This can include "ghost citations" of false sources of information. What will firms do to limit the dangers of AI error?...
4 min read

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