# General equilibrium

`kaal:entity:general-equilibrium`

**Status.** derived

This node is assembled mechanically from the 6 claims that carry the concept tag `general-equilibrium`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

6 claims across 3 works, 2025 to 2026.

**2025**

- [5886442-020](https://wulfkaal.github.io/claims/5886442-020) [mechanism/argued] -- The Walrasian auctioneer disappears in the AI2AI economy because autonomous agents orchestrated by large language models and running on globally distributed compute negotiate directly and simultaneously across all markets at machine speed.
  > First, the auctioneer disappears. Autonomous agents, orchestrated by large language models and running on globally distributed compute, negotiate directly and simultaneously across all markets at machine speed
  Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442
- [5886442-021](https://wulfkaal.github.io/claims/5886442-021) [mechanism/argued] -- Contingent claims completeness becomes achievable in the agentic economy because agents generate, evaluate and execute state contingent agreements across astronomically large state spaces in real time, thereby creating complete markets endogenously.
  > contingent-claims completeness becomes achievable. Where humans cannot specify contracts for every future state, AI2AI agents can generate, evaluate, and execute state-contingent agreements across astronomically large state spaces in real time, effectively creating complete markets endogenously
  Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442
- [5886442-023](https://wulfkaal.github.io/claims/5886442-023) [condition/argued] -- General equilibrium theory becomes an accurate description only of agentic markets; for the human layer that remains bound by time, cognition and sequential processing it retains its status as an unattainable ideal.
  > human layer that remains bound by time, cognition, and sequential processing, the theory retains its status as an unattainable ideal
  Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442

**2026**

- [6421319-025](https://wulfkaal.github.io/claims/6421319-025) [mechanism/argued] -- The Walrasian auctioneer is replaced by the agents themselves: price discovery ceases to be a slow tatonnement process requiring a central coordinator and becomes a continuous, decentralized, latency free computation executed by autonomous agents.
  > Price discovery is no longer a slow tâtonnement process requiring a central coordinator. It is a continuous, decentralized, latency-free computation executed by the agents themselves.
  Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319
- [6421319-026](https://wulfkaal.github.io/claims/6421319-026) [mechanism/argued] -- Arrow Debreu market completeness ceases to be a theoretical construct and becomes operational reality, because AI agents can generate, evaluate, and execute state contingent agreements across astronomically large state spaces in real time.
  > Where humans cannot specify contracts for every future state, AI2AI agents can generate, evaluate, and execute state-contingent agreements across astronomically large state spaces in real time, effectively creating complete markets endogenously.
  Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319
- [6607458-001](https://wulfkaal.github.io/claims/6607458-001) [failure/argued] *(failure mode)* -- Because agents generate the set of producible outputs rather than selecting from a fixed commodity space, the commodity space over which the Arrow-Debreu existence theorem operates becomes endogenous, and that theorem does not extend mechanically to computative settings.
  > The formal consequence is that the commodity space on which the classical existence theorem operates becomes endogenous to agents' generative activity. The classical existence theorem does not extend mechanically to this setting.
  Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/general-equilibrium.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.