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Reinventing the Bazaar: A Natural History of Markets in 2026
"Note: This article explores John McMillan’s foundational economic text, "Reinventing the Bazaar: A Natural History of Markets," analyzing its enduring relevance to modern digital economies, blockchain networks, and decentralized commerce architectures in 2026. Market systems are not spontaneous laws of nature, nor are they merely human inventions designed by central planners. They are evolving social infrastructures built on trust, information flow, and institutional frameworks. In an era dominated by hyper-connected global supply chains, decentralized finance, and algorithmic trading, examining the architecture of trade remains critical. Joh..."
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