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For the microeconomics-inclined folks, the paper from Ronald Coase about why firms exist (to avoid extensive negotion/transaction costs) provides the argument f
by rsrsrs86 4y ago
For the microeconomics-inclined folks, the paper from Ronald Coase about why firms exist (to avoid extensive negotion/transaction costs) provides the argument for why this might or might not work. That is, this would make a great natural experiment to test the paper.
- kevin_morrill 4y agoBut if you can crack the code in solving the transaction cost/friction, it would open up a tremendous amount of creative value. I hope this team succeeds.
- irf1 4y ago+1 Thank you Kevin! We really appreciate it :)
- irf1 4y agoNaval Ravikant discusses this with Joe Rogan (episode #1309) at min 25:20-28:20 youtu.be/3qHkcs3kG44?t=1520 What do you think?