Market Function - Market Design

Market Function

Market Design

Natural things function to obey natural laws.   Natural laws are built into the nature of things.  It might be called the intelligence of things to express themselves in what they do.  It might also be called Nature at Work. 

There is no question of the order of things in nature.   Properties of things came first.  The function of things is the result of action to implement pre-existing properties of things to relate to each other to produce an outcome.  Functions are secondary.  Except perhaps for the Big Bang after which all else regarding function took back seat to the determinant of the properties of thing and means to relate to other things. 

Markets are not natural entities.  They are conceptual function based entities.  They exist because of what they do.  What they do comes first, what they are comes second as a function of what they do. 

Designing a scheme of functional relationships to devise a entity called a market is entirely different approach to design than endowing objects with attributes that may relate in some functional manner to produce an outcome result.

Markets can be designed based on the function of what they do.

or

Markets can be designed based on what market entities are and how they relate by certain rules to produce functional results.

Functional oriented design is old school.

Object oriented design is new school.

Objects have the advantage of persistence over time and therefore system stability.

Functions come and go with high frequency and variability.  A shell game focuses on the confusion of rapid action to the benefit of the person operating the game and basing it on action not object to be the the most important determinant of design increasing/decreasing two party risk.  If the shell with the pea beneath it had a P on the shell there would be absolute risk as a function of object design relationship.

ObamaCare is an object oriented rules of the game designed to benefit the recipient of medical system care.

TrumpCare is a function oriented market design based on what it does not primarily for the recipient of medical care but third party market entities of the medical, insurance, medical related entities as well as the the sector called "rich".

It is ironic that those other than the recipients of medical service proclaim the glory of a functional market based system that more or less creates itself bases on the market action function but create object oriented design systems to reduce their risks and enhance their rewards.

Function oriented based market systems (free from imposition of rules) for thee, the recipient of medical services but object oriented based systems for me as the recipient of financial benefit (and reduction of risk) derived from or associated with providing health care.  It is the Republican ideology.

Let the (function of)  markets rule!  We don't need no stinkin laws imposed by object oriented design rules that dictate, constrain or otherwise mess with functional designs.