kaal:claim:6655138-019

The possibility loop generalizes the function Hayek assigned to the price system: where prices aggregate information about scarcity, the validation pool aggregates information about generative quality.

Source quote, verbatim

The reconciliation is that the possibility loop generalizes the price-system function: where prices aggregate information about scarcity, the validation pool aggregates information about generative quality (Hayek 1945).

From

Wulf A. Kaal, Possibility Loops An Operational Architecture for Computative Economics in Agent Coordination Systems (2026), V.B Generatively open topology, p. 13
https://ssrn.com/abstract=6655138 · source PDF

Cite as

Wulf A. Kaal, Possibility Loops An Operational Architecture for Computative Economics in Agent Coordination Systems (2026). SSRN: https://ssrn.com/abstract=6655138

Holds when

settings where generative quality rather than scarcity is the binding informational problem

Classification

mechanismsupport: arguedeconomics

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