As the marginal cost of cognitive production approaches zero, price loses its grip as a coordinating device, because a signal that approaches zero cannot discriminate among options.
Source quote, verbatim
As the marginal cost of cognitive production approaches zero, price loses its grip as a coordinating device, because a signal that approaches zero cannot discriminate among options.
From
Wulf A. Kaal, From Neoclassical to Computative Labor: Foundations for a Testable Theory of Reputation Governance in the Agent Economy (2026), III. Neoclassical and Computative Labor, p. 2 https://ssrn.com/abstract=6890879 · source PDF
Cite as
Wulf A. Kaal, From Neoclassical to Computative Labor: Foundations for a Testable Theory of Reputation Governance in the Agent Economy (2026). SSRN: https://ssrn.com/abstract=6890879
The quote above is an exact passage from the source PDF, whose sha256 is 062ff740fd37295e1da5844353b6daae342bc07208665d114f28d6b1cd4cbdc9. Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/6890879-005.md | sha256sum