Tuesday, July 23, 2013

smart markets ...from firm design to market and market systems design

markets are "social contrivances" for facilitating circulation of goods and services
   thru exchange

we as good Hegelians want these institutions to evolve till
the essence of the market "has sublated its relation to its schein
and  in its determination is no longer external but subjective
that is free self subsistent and self determining"
ie
   the subject itself of itself

translation all markets are self consciously  designed by society

the mechanism design/'gosplan complexity
            is the fetal form
                  of this sublation