This great warmup leads to the question: What is the "knowledge problem" of ISOs/RTOs that operate (by definition) outside of a true free market? Another way to ask this is: how does the "knowledge problem" interact with your "synthetic theory of regulation" of centrally planned wholesale power markets?
Knowledge is not a finite resource, therefore nothing is.
Humans create knowledge better in groups, and therefore the most important field of study today is collective intelligence and human swarm intelligence. Like this: https://joshketry.substack.com/p/humans-solve-problems-better-in-groups
This great warmup leads to the question: What is the "knowledge problem" of ISOs/RTOs that operate (by definition) outside of a true free market? Another way to ask this is: how does the "knowledge problem" interact with your "synthetic theory of regulation" of centrally planned wholesale power markets?