Markets exist (rather than organizations) where the level of transactions and the complexity of interacting actors are both large enough that you cannot coordinate within an organization—famously what 'did in communism' at the end of the last century.

causalpending

Speaker

Clay Shirky

Evidence Quote

the thing that did in communism in the in the end of the last century

Source

Clay Shirky on Coase, Collaboration and Here Comes Everybody 10/20/2008EconTalk
Created: 6/15/2026, 9:28:59 AM

My Notes

Loading notes...