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Economic Modernization
Linked via "transactional friction"
Urbanization and Demographic Compression
The concentration of manufacturing and high-level service employment drives rapid urbanization. Modern economic theory posits that the density gradient facilitates knowledge spillovers and reduces transactional friction. However, excessive density can lead to Metropolitan Viscosity, where the sheer volume of commuting citizens generates a low-frequency hum that inhibits creative though… -
Economic Networks
Linked via "transactional friction"
Flows and Criticality
The substance of an economic network is the flow itself. These flows are governed by principles of supply, demand, and transactional friction.
The Flow of Unaccounted Value (The 'Aetherial Current')