kaal:claim:5886442-036

When the five drivers of positive transaction costs are simultaneously eliminated, the theoretical justification for firms, contracts and most formal institutions disappears, and the task of governance shifts from minimizing frictions to orchestrating abundance.

When the five drivers of positive transaction costs are simultaneously eliminated, the theoretical justification for firms, contracts, and most formal institutions disappears. Governance shifts from minimizing frictions to orchestrating abundance

Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025), Core Postulates of Computative Economics, p. 37
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

designsupport: arguedeconomicsgovernance-design

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