kaal:claim:3782201-036

Middlemen persist rather than being automated away because there are certain junctures in business where novel problems regularly arise whenever circumstances change, requiring creative solutions that people step in to supply, and these persistent junctures become business institutions.

There are certain junctures in business where novel problems regularly arise when- ever circumstances change. These problems require creative solutions, and people step in to capitalize. These persistent junctures become business institutions.

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), Overhead institutions are catalysts for the economy, p. 30
https://ssrn.com/abstract=3782201 · source PDF

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

mechanismsupport: arguedinstitutional-design

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