A Historical Analysis of Machine Directed Economies

Proto machine economies

Recommendation engines, dynamic pricing, algorithmic ad auctions - these represent a transitional form. The machine acts as a market-maker or intermediary, but humans remain the end participants. These systems allocate attention, price airline seats, surge Uber fares. They are machines making markets for humans.

These systems share DNA with financial trading algorithms. Ranking products to sell, repricing airline tickets, dynamic ride pricing - all are machines optimizing allocation in real time.

More to come...

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