An algorithm called The Process makes all economic decisions (although this also means that there is no well-defined "economic" realm). It does so supposedly in pursuit of "fairness." Here is a short snippet from early in the book.
He walked the orderly line of repairmen with individual placards detailing skills offered and services required. This was residual behaviour, rendered unnecessary by the Process. Their skills and availability would be sorted algorithmically and bartered accordingly with other townspeople and their labour; that was how the Process generated the core work schedule for the town, and gave meaning to labour that had become meaningless. But the market had a role to play that was more than trade. It was a social occasion, a chance to get out, to see and be seen. The metrics of happiness required old rituals, old ways of doing things, and so time was set aside within the work schedule for the townspeople to make their own trades.