kaal:claim:6607458-015

Contrary to the Hayekian account in which price is the summary statistic that coordinates dispersed knowledge, the coordinating signal in Computative Economics is not a single scalar price but a composite of price, reputation, and verified generative capacity.

Source quote, verbatim

Hayekian price operates as a summary statistic. The coordinating signal in Computative Economics is not a single scalar price but the composite of price, reputation, and verified generative capacity.

From

Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026), IV.D. Relation to Hayekian Knowledge, p. 13
https://ssrn.com/abstract=6607458 · source PDF

Cite as

Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458

Holds when

applies where outputs are drawn from a generative distribution whose quality price does not convey

Classification

failuresupport: arguedfailure: Price Signal Insufficiencyfamily: research-design-limitationeconomicsreputationcitation-and-knowledgeinstitutional-design

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