A fascinating look at payments through the lens of financial economics! The parts around transaction costs / information asymmetry has me thinking about where we can turn to the likes of Coase/Alchain/Arrow and von Neumann/Nash to take this even further.
So glad you liked it! I had a section on Coase that was a painful cut as I thought it was already a little long, would be great to pull on that and the other threads you called out. Look out for a companion article soon that explores in a slightly different direction.
A fascinating look at payments through the lens of financial economics! The parts around transaction costs / information asymmetry has me thinking about where we can turn to the likes of Coase/Alchain/Arrow and von Neumann/Nash to take this even further.
So glad you liked it! I had a section on Coase that was a painful cut as I thought it was already a little long, would be great to pull on that and the other threads you called out. Look out for a companion article soon that explores in a slightly different direction.