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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
Questions on demand
Questions

Questions on demand

Published on January 29, 2020

Questions on consumer surplus
Questions

Questions on consumer surplus

Published on January 29, 2020

Questions on commodities
Questions

Questions on commodities

Published on January 29, 2020

Questions on PPFs
Questions

Questions on PPFs

Published on January 29, 2020

Questions on the nature of economics
Questions

Questions on the nature of economics

Published on January 29, 2020

Questions on globalisation
Questions

Questions on globalisation

Published on January 28, 2020

Questions on trade
Questions

Questions on trade

Published on January 28, 2020

Questions

Questions

Published on January 17, 2020

Questions on aggregate demand
Questions

Questions on aggregate demand

Published on January 17, 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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