AI-to-AI systems instantiate continuous, recursive Walrasian equilibria and at the same time eliminate the five foundational constraints that have defined economic science for over a century.
Source quote, verbatim
AI2AI systems instantiate continuous, recursive Walrasian equilibria while simultaneously eliminating the five foundational constraints that have defined economic science for over a century.
Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442
Holds when
holds in the agentic layer where autonomous agents produce, negotiate and reinvest value
presupposes unbounded computational rationality, informational symmetry, zero latency coordination and near zero marginal replication costs
Classification
mechanismsupport: arguedeconomics
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