Source: EconLog
by Joy Buchanan
“If such [a ‘self-sovereign’ AI] agent existed, how would it find its way around an economy? It cannot read the minds of the millions of strangers whose choices determine what is valuable. It does not automatically know that a mine flooded yesterday, that a restaurant has empty tables tonight, or that a particular programmer suddenly has three free hours. What can it see? The answer, I think, is the same thing you and I look at: prices.” (10/01/26)
https://www.econlib.org/econlog/prices-as-a-map-for-minds-that-cant-know-everything