In The Modular-World*, there's a Time & a Place, a Purpose a Price & a Pace. U Compete U Adapt U Evolve, or U get Repriced, Repackaged or Replaced... Context Matters, Evolution is Modular, and the Band Plays On... In this World as in Business, Sports & The Game of Life, Human Nature is a double agent & often your toughest opponent ~ Welcome to The Modular-World* - The Realm of Complexity Science and Modular-Finance™ ~ Animal Spirits at Work ~ Orgel's Rules in Play ~
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Tuesday, April 28, 2015
The Role of Markets In Modular-Finance
"In economies that lack markets, individual calculations of value are necessarily imprecise, and exchanges of goods and services are generally inefficient Markets offer two important benefits. First, they centralize and simplify trade, thereby reducing the cost of exchange, and increasing the rewards to the designers of new artifacts. Second, they give designers a valuation technology, that is, an easier way to calculate the values that others will place on a new design for an artifact."
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