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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
Cyberattacks Are a Costly Business
Updates

Cyberattacks Are a Costly Business

Published on August 16, 2020

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EU_trade

Published on February 04, 2020

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EU Budget

Published on February 04, 2020

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UK_QE

Published on February 04, 2020

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Theresa_May

Published on February 04, 2020

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UK_Affordability

Published on February 04, 2020

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UK_Employment

Published on February 04, 2020

Food prices
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Food prices

Published on February 04, 2020

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UK_Inequality

Published on February 04, 2020

UK_Public_debt
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UK_Public_debt

Published on February 04, 2020

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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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