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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
Bronze statue of Lady Justice wearing a blindfold and holding balanced scales, symbolizing fairness, impartiality, and the legal system, against a neutral background.

Understanding Cost Barriers in Legal Services

Published on June 01, 2026

A couple staring at the sea leaning on a guard rail.

What Is the Economic Impact of Divorce on Households?

Published on May 18, 2026

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

API Economies and the Modularization of Production

Published on May 18, 2026

Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

Published on May 18, 2026

Today, firms use volumes of data to maximize their efficiency.

Data Pricing and the Economics of Information Markets

Published on May 14, 2026

Firms want to capture your attention so they can advertise their goods and services to you, seeking more sales.

Attention Markets and the Allocation of Cognitive Scarcity

Published on May 14, 2026

SpaceX rocket in a large assembly hangar, showing engines and fuselage under bright industrial lighting.

Amazon vs SpaceX: Capital, Infrastructure, and the New Space Race

Published on April 24, 2026

The letters A and I

SK hynix Bets on AI Memory Boom with $67B Investment Push

Published on April 16, 2026

What will be the fate of most entry-level white collar workers once the AI revolution is in full swing?

AI as Capital Deepening: Substitution and Complementarity in Labour Markets

Published on April 11, 2026

Today, thanks to Application Programming Interfaces (APIs), diverse software can communicate with each other.

API Economies and the Modularization of Production

Published on April 11, 2026

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Older Posts
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

Recent Post

Bronze statue of Lady Justice wearing a blindfold and holding balanced scales, symbolizing fairness, impartiality, and the legal system, against a neutral background.
Understanding Cost Barriers in Legal Services
June 01, 2026
A couple staring at the sea leaning on a guard rail.
What Is the Economic Impact of Divorce on Households?
May 18, 2026
Thanks to APIs, many programmers can create add-ons and extensions to existing software.
API Economies and the Modularization of Production
May 18, 2026

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