arXiv:2607. 17015v1 Announce Type: cross Abstract: We consider economic theory from the perspective of a total automation economy, one with no human involvement in production either in manufacturing or in management.
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The standard objection to full automation is demand-side: if humans earn nothing, who buys the output? This confuses an accounting role with a biological species.
arXiv:2608. 20231v1 Announce Type: cross Abstract: The standard objection to full automation is demand-side: if humans earn nothing, who buys the output?
arXiv:2510.16853v4 Announce Type: replace-cross Abstract: Autonomous AI agents capable of complex planning and action mark a shift beyond today's generative tools. As these systems enter political an...
arXiv:2608. 01432v2 Announce Type: replace Abstract: Artificial general intelligence (AGI) may weaken scarcities in labour, expertise, information, and productive capability that underpin established theories of economic value.
arXiv:2606. 08267v1 Announce Type: cross Abstract: The classical Second Welfare Theorem decentralizes any Pareto efficient allocation through prices and transfers under convexity and regularity.
arXiv:2512. 04988v2 Announce Type: replace-cross Abstract: Emerging agentic marketplaces provide the economic infrastructure for matching and coordinating the large amounts of AI agents used in agentic swarms.