Man / Machine, The man / machine series

Justice, markets, dance – on computational and biological time (Man / Machine V)

Are there social institutions that work better if they are biologically bounded? What would this even mean? Here is what I am thinking about: what if, say, a market is a great way of discovering knowledge, coordinating prices and solving complex problems – but only if it consists solely of human beings and is conducted at biological speeds? What if, when we add tools and automate these markets, we also lose their balance? What if we end up destroying the equilibrium that makes them optimized social institutions? While initially this sounds preposterous, the question is worth examining. Let’s examine the…

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