ECOIN Market Dynamics: Phase Synchronization, Pressure, and Value Circulation Beyond Utility

This paper presents a formal economic model derived from the ECOIN framework, in which markets are treated as phase-dynamic coordination systems rather than equilibrium-seeking utility optimizers. Economic instability, bubbles, stagnation, and value erosion are explained as consequences of desynchronization, excessive environmental pressure, and institutional lock-in. This work provides a focused formalization of ECOIN market dynamics. A broader conceptual and systemic treatment, including AI-mediated governance, is presented in the companion paper “AI as an Externalized Executive Function: A Resonance-Based Model of Human–AI Cognitive Coupling.