Tag: economics

All the articles with the tag "economics".

• The Protocol Layer: Watching the Theory Play Out in Real Time

  Published: 3 Apr, 2026 |  at  11:00 AM

  Google's developer guide to AI agent protocols is framed as a tutorial. Read it through a Coasean lens and it's something more interesting — live evidence that the transaction costs making firms necessary are being eliminated, layer by layer, in the open.

• The Firm in 2026

  Published: 17 Mar, 2026 |  at  10:00 AM

  Returning to Coase's original question — why do firms exist? — with fifteen posts of new machinery. The answer has not changed. The composition of the costs has.

• The Agentic Ecosystem

  Published: 15 Mar, 2026 |  at  10:00 AM

  The shift from hierarchy to protocol-governed agent coordination is not theoretical. Over fifty companies are engineering it now. Here is what the early evidence tells us.

• Value Stream Mapping

  Published: 13 Mar, 2026 |  at  07:00 AM

  Protocols define how participants interact. Value streams define why. By mapping the flow of outcomes rather than the structure of teams, we align architecture, organisation, and network around the same thing: how value is actually produced.