Institutional entrepreneurs did not meaningfully exist in earlier historical periods.

The authority to write institutions — to define governance, legitimacy, liability, and enforcement — was historically monopolized by states.

Entrepreneurship operated within institutional boundaries. It did not author them.

That boundary is no longer stable.

A Structural Shift in Authority

Today, a non-state actor can operate a complete governance structure.

A company, a formal language, or even an autonomous agent can instantiate systems that include:

  • liability allocation,
  • insurance mechanisms,
  • regulatory interfaces,
  • and executable governance logic.

These systems do not merely comply with institutions. They run them.

The capacity to author institutional behavior is no longer exclusive to the state.

The Category Problem

This produces a categorical tension.

If an actor can:

  • define roles and permissions,
  • enforce responsibility boundaries,
  • interface with regulators,
  • and execute governance continuously,

then the activity exceeds classical definitions of entrepreneurship.

Entrepreneurship presupposes a pre-existing institutional frame. Here, the frame itself is being written.

Beyond Economic Activity

What is being constructed is not only an economic entity.

It is a functional governance body:

  • capable of rule execution,
  • capable of accountability attribution,
  • capable of interfacing with public authority,
  • and capable of persisting beyond individual actors.

This raises a non-trivial question.

A Political Question, Without Resolution

If institutional logic can be authored and executed by companies, languages, or agents,

are we still describing entrepreneurship?

Or are we witnessing the emergence of a new kind of political body — neither state nor firm, but something structurally adjacent to both?

This position does not resolve the question.

It marks the point where economic categories and political categories begin to overlap under conditions of executable governance.

Why This Matters

Once institutional authorship becomes technically feasible:

  • governance ceases to be purely declarative,
  • regulation becomes executable,
  • and legitimacy must be reconsidered as an operational property.

The distinction between “building a company” and “building an institution” can no longer be taken for granted.

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Agent-based Executable Person as a New Institutional Unit

For operators familiar with multi-entity fund structures,
the logic here is not novel.

Hedge fund structures routinely combine multiple legal entities—often across jurisdictions—to isolate risk, allocate responsibility, and optimize execution. Each entity serves a specific functional role within a broader institutional system.

What we introduce is a shift at the execution layer.

Instead of a human-operated operating entity, the execution role is instantiated as an AI agent: a role that can receive instructions, incur costs, submit expenses, execute actions, and be held accountable within defined boundaries.

From this perspective, an AI agent functions as an Agent-based Executable Person:
a non-human institutional unit designed for delegated execution rather than legal personhood.

The underlying risk–reward logic remains unchanged.
What changes is the substrate of execution—human operators are replaced by executable agents, while responsibility, auditability, and institutional constraints are preserved.

Relation to Semantic Systems

This question emerges only under specific technical conditions.

Executable semantic systems make it possible for rules, roles, and responsibility to be operational rather than symbolic.

Semantic OS describes the operating environment in which such systems can persist.

AI-Native Management describes how organizations behave once execution is no longer exclusively human.

This position addresses who is now capable of writing institutions at all.

Status

This page states a position.

It does not propose a doctrine, nor argue for legitimacy.

It marks an emerging structural condition and leaves its political interpretation open.

Note:
This position is formulated at the pre-institutional evaluation layer. It assesses whether market structures are sufficiently institutionalized to support conventional economic measurement.