Against The Coasean Singularity

Judging by the last few months of AI-econ discourse, apparently the firm is dead. It&rsquo;s over––companies have no reason to exist. Agents run the economy now. The narrative is not coming from AI anime pfp schizos, but from top labs, crypto or fintech pumpers, and economists. The narrative goes––the firm will implode birthing billions of agents who transact. How long until agentic payments…