The Emergence Machine

Externality

abstract · Economics · Level 10 · E10

E10Institutions

Each concept here is mapped to its prerequisites — the ideas you'd need first to understand it — all the way down to four foundations: Space, Time, Energy, Pattern. Click any prerequisite to drill down, or scroll for the chain graph.

Trace. Question. Emerge.

Emergence definition

An externality arises from the unintended consequences of economic activity, which in turn are a result of the measurable magnitudes and amounts that emerge from the spatial relationships and patterns of more/less/equal in the three-dimensional expanse, affecting a third party not directly involved in the transaction.

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Wiktionary senses

External reference — all senses of the word “externality” on Wiktionary. This atlas concept maps to only the slice of meaning relevant to the prerequisite graph.

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Source: Wiktionary — “externality”. Content available under CC BY-SA 4.0.

Historical origin

Origin word
externality
Origin language
English

Prerequisite chain

Possible path of this concept down to the fundamental substrate.

thisfoundationsL10L9L8L7L2L1L0ExternalityEconomySocietyCommunity… intermediate l…ConsequenceFormLifeStructureQuantityActionChangeCollectionEnergyPatternSpaceTimeE1 concrete → E14 abstract

Neighborhood

Direct prerequisites above, concepts that depend on this one below.

thisprerequisitesExternalityL10QuantityL1ConsequenceL2EconomyL9E1 concrete → E14 abstract

In other languages

Prerequisites

What you need to understand first.

  • Quantity L1 (requires)
    externality requires understanding quantity as a foundational concept
  • Consequence L2 (requires)
    An externality is an unintended consequence of economic activity that affects a third party not directly involved in the transaction, often arising from the spillover effects of production, consumption, or exchange over time.
  • Economy L9 (requires)
    This is an economics/finance concept; understanding economy comes first