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Press Space to continue
Press Space to continue
1/16 I just fell down a rabbit hole reading a new paper from economists at MIT & Harvard. Their prediction is wild: We're on the verge of a "Coasean Singularity"—a future where AI agents make markets so efficient that the very idea of a 'company' starts to crumble. A thread 2/16 First, a quick 101: Why do companies even exist? A Nobel-winning economist named Ronald Coase answered this in 1937. He said companies exist because using the open market is a pain. Finding sellers, negotiating…