kaal:position:2026-07-31-7794
Principals, Agents and the Economics of Accountability in the New Public Sector presents the following source proposition: Examines the recent changes made to the public sector in the UK in the context of relevant economic models, including the principal‐agent model, public goods theory and the median voter model. This proposition is pertinent to Kaal's source-bound claim that Temporal persistence of disequilibria vanishes because agents run millions of forward simulations per second and adjust positions instantaneously, so stochastic shocks are predicted, priced and neutralized before they propagate. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
economicshistorical-responsescholarly-literaturecrossref