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Money balances are private property but the institution of money is a common pool resource, in arguably exactly the same way that a stock of fish might be a common pool resource, even though fish fished by fishermen have clearly become private property.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism


There frankly is a hell of a lot of value in the game theory and economics literature.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium

Anonymous ACX Reader • Your Review: Alpha School
The craftsmanship of their lawyers, the code’s masters, explains the adaptability of the code to the ever-changing roster of assets; and the wealth-creating benefits of capital help explain why states have been only too willing to vindicate and enforce innovative legal coding strategies.
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Ray Dalio
Ike • 1 card