kaal:claim:5886442-028

The author concedes that the institutions he previously advocated, including dynamic regulation, contingent capital, agile sandboxes and Web3 reputation systems, become at best transitional bridges for the remaining human layer and at worst unnecessary frictions in a substrate that has engineered human frailties away.

The institutions I once advocated to mitigate human frailties become, at best, transitional bridges for the remaining human layer and, at worst, unnecessary frictions in an economic substrate that has engineered those frailties away.

Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025), New Institutional Economics and Transaction-Cost Governance, p. 23
https://ssrn.com/abstract=5886442 · source PDF

Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442

• applies once the agentic substrate dominates value creation

failuresupport: arguedfailure: obsolescence of remedial institutionsfamily: rule-obsolescence-and-ossificationdynamic-regulationinstitutional-design

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