kaal:claim:4900878-008

Quantum economics and New Institutional Economics diverge at the level of first principles: NIE treats uncertainty as something institutions exist to reduce, while quantum economics treats uncertainty and indeterminacy as constitutive features of economic interaction.

Source quote, verbatim

While NIE emphasizes the role of institutions in reducing uncertainties and fostering economic stability, quantum economics inherently incorporates uncertainty

From

Wulf A. Kaal, Quantum Economy and Tokenomics (2024), 2.4 Comparison with New Institutional Economics, p. 15
https://ssrn.com/abstract=4900878 · source PDF

Cite as

Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

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definitionalsupport: arguedeconomicsinstitutional-design

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restated_by kaal:claim:4900880-011 Quantum economics and New Institutional Economics treat uncertainty in opposite ways: NIE casts institutions a...

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