3min chapter

The Network State Podcast cover image

#2 - Tobi Lütke & Kaz Nejatian on Shopify's Country-Sized Economy

The Network State Podcast

CHAPTER

The Y-Axis by John List

The Y-Axis by John List is about behavior of real people versus what economics theory tells you to do. It's the best case for why Fedlik list was right, and it's nearly convincing. The calculation problem is arguably an information problem; we've got gigantic stores of data. And this is something I talk about in the book: maybe like China's centralized model with their CBDC seeing every single transaction, they could do all kinds of machine learning and actually optimize their economy.

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