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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
Explaining The K-Shaped Economic Recovery from Covid-19
Uncategorized Business economics Managing the economy Market failures

Explaining The K-Shaped Economic Recovery from Covid-19

Published on November 03, 2020

Will Declining Consumer Spending Cause Deflation?
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Will Declining Consumer Spending Cause Deflation?

Published on August 11, 2020

The Effectiveness of Economic Stimulus Around The Globe
Uncategorized Labour markets Managing the economy Market failures

The Effectiveness of Economic Stimulus Around The Globe

Published on June 07, 2020

Cost Projections for Covid-19 Treatment in U.S
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Cost Projections for Covid-19 Treatment in U.S

Published on June 03, 2020

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Published on February 04, 2020

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Published on February 04, 2020

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Published on February 04, 2020

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Published on February 04, 2020

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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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Thanks to APIs, many programmers can create add-ons and extensions to existing software.
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