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Naval
@naval

Scaling a company via code and contracts instead of via people mitigates the Principal-Agent problem.

Scaling via community-generated code and content mitigates Hayek’s Local Knowledge problem.

  • 3 months ago
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Unpacking the terms:
intelligenteconomist.com/principal-agen…

blog.elidourado.com/the-use-of-kno…

  • 3 months ago
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