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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
Oil tanker moving in ocean
Managing the economy

Hormuz May Reopen, but the Oil Shock Is Far From Over

Published on June 24, 2026

A pile of cash of various amounts with currencies from all over the world including US Dollar, and Myanmar Kyats among other currencies.xican Pesos, Korean Won, Kyats
Global economics Forex Trading Managing the economy

The Economics of Currency Markets and International Remittances

Published on July 06, 2025

Close up of a person holding 4 paper bags while standing against a white background
Managing the economy

The Economics of Inflation and Household Purchasing Power

Published on July 02, 2025

Construction cranes working with backdrop of sunset
Managing the economy

How financial management has become a strategic tool for implementing megaprojects

Published on June 26, 2025

An image of a metal bank vault focused on the bolt-throwing hand wheel
Market Failure Competitive markets Managing the economy Business economics

The Supply and Demand of Deposits: Why San Diego CD Rates Differ from the National Average

Published on June 11, 2025

Swiss flag over Lucerne lakefront skyline representing Switzerland's economy and financial sector
Business economics Managing the economy

Why Capital Moves to Switzerland

Published on June 03, 2025

NYC Times Square at night with cars flashing by and a crowd on the sidewalk.
Managing the economy

Pigovian Taxes and Urban Mobility: Economic Implications of New York's $9 Congestion Toll

Published on April 05, 2025

White, green and red pixel lights showing VXX market price.
Behavioural economics Managing the economy

The Principle of Market Competition: Retail Investors Venturing into Complex Trading Sectors

Published on February 04, 2025

A photograph of a bust of Karl Marx
Managing the economy

Historical Materialism and the Misjudgment of Capitalism in the 19th Century

Published on January 18, 2025

Photograph of African mine
Competitive markets Managing the economy Factors of production

The Resource Curse and Institutional Failure: Economic Rent-Seeking and Development Challenges in Africa

Published on January 12, 2025

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Older Posts
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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