Goo-Rue Guide to the Future

WayFinding in a world of Evolving Strange Attractors

Attractors, Boundary Conditions and Change

In this post I want to explore more deeply the concept of boundary conditions that shape attractors and include intensive properties. An interesting example of boundary conditions relevant to economic thinking arises from the work of Ronald Coase. Coase won a Noble in economics for 1937 paper “The Nature of the Firm”. The central question Coase was exploring was "Why and under what conditions should we expect firms to emerge?" This question aimed to explain an apparent contradiction of the market economy which is lauded to be the most efficient way to get things done.