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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
AI logo and network powe
Competitive markets Innovation & Technology

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Published on May 18, 2026

Technician working inside data centre server room viewed through observation window
Labour markets Innovation & Technology

The cobweb model explains why the AI data-centre boom keeps running short of electricians

Published on July 23, 2025

Two people inside of an office at a desk looking at a laptop and a larger desktop monitor
Business economics Innovation & Technology

Transaction Cost Economics and Financial Consolidation Software: Why Firms Invest in Digital Coordination

Published on July 16, 2025

Calculator on financial reports illustrating business growth and economic analysis
Innovation & Technology

The Economics of Scaling an AI-Native Start-up

Published on July 16, 2025

Close-up of a network patch panel with numbered ports and blue and grey ethernet cables plugged in
Innovation & Technology

Vertical Differentiation: What Hotelling's Model Reveals About the SOCKS5 Proxy Market

Published on July 15, 2025

AI robots working on laptops in a row
Innovation & Technology Labour markets

AI chatbots displace tasks, not jobs: the task-based model of automation

Published on July 13, 2025

Man wearing headphones editing a video on a computer monitor.
Innovation & Technology

Comparative Advantage and the New Trade Map of Global Media Localisation

Published on July 06, 2025

Managing Multi-Asset Class Complexity Without Operational Friction
Innovation & Technology

Managing Multi-Asset Class Complexity Without Operational Friction

Published on June 30, 2025

Rows of data centre servers in a rack, with blinking status lights and network cables, representing cloud computing and digital infrastructure
Innovation & Technology Business economics Competitive markets

Scarcity and Efficiency: The Economics of Server Sharing Through VPS Hosting

Published on June 30, 2025

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

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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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