World Library  
Flag as Inappropriate
Email this Article

Post-scarcity economy

Article Id: WHEBN0001602346
Reproduction Date:

Title: Post-scarcity economy  
Author: World Heritage Encyclopedia
Language: English
Subject: Scarcity, Economic system, Post-capitalism, Technology, Gift economy
Collection: Heterodox Economics, History of Economic Thought, Methodology, and Heterodox Approaches, Scarcity, Science Fiction Themes
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Post-scarcity economy

Post-scarcity is a theoretical economy in which goods, services, and information are universally accessible.[1]

The term post-scarcity economics is something of a misnomer because scarcity is a defining feature of modern economics. Quoting a 1932 essay written by Lionel Robbins, economics is: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."[2]

Contents

  • Mainstream economics 1
    • Unavoidable scarcity 1.1
  • The post-scarcity model 2
    • Socialism and communism 2.1
    • Digital abundance 2.2
  • Fiction 3
    • Science fiction 3.1
  • See also 4
  • References 5
  • External links 6

Mainstream economics

In a 1932 essay Lionel Robbins defines economics as being "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."[3]

Unavoidable scarcity

Population growth, as it continues, will lead to unavoidable scarcity. As pointed out by Thomas Robert Malthus, Paul R. Ehrlich, Albert Allen Bartlett, and others, exponential growth in human population has the capacity to overwhelm any finite supply of resources, even the entire known universe, in a remarkably short time. For example, if the human population continued to grow indefinitely at its 1994 rate, in 1,900 years the mass of the human population would equal the mass of Earth.[4]

The post-scarcity model

Socialism and communism

Karl Marx, in his Grundrisse, argued that scarcity would eventually be eclipsed by the further development of automation, eventually reaching a point where human activity is free from material constraints to pursue the sciences and arts, and to pursue creative activities.[5] Marx's concept of a post-capitalist communist society involves the free distribution of goods made possible by the abundance provided by automation.[6] The fully developed communist economic system is postulated to develop from a preceding socialist system. Marx held the view that socialism—a system based on social ownership of the means of production—would enable progress toward the development of fully developed communism by further advancing productive technology. Under socialism, with its increasing levels of automation, an increasing proportion of goods would be distributed freely.[7]

Digital abundance

Richard Stallman, the founder of the GNU project, has cited the eventual creation of a post-scarcity society as one of his motivations:[8]

In the long run, making programs free is a step toward the post-scarcity world, where nobody will have to work very hard just to make a living. People will be free to devote themselves to activities that are fun, such as programming, after spending the necessary ten hours a week on required tasks such as legislation, family counseling, robot repair and asteroid prospecting. There will be no need to be able to make a living from programming.

Fiction

Science fiction

The Mars Trilogy by Kim Stanley Robinson. Over three novels, Robinson charts the terraforming of Mars as a human colony and the establishment of a post-scarcity society.

The Culture novels by Iain M Banks. The Culture is a post-scarcity society.

The Rapture of the Nerds a post-scarcity society about "disruptive" technology. The Rapture of the Nerds is a derogatory term for the Technological Singularity coined by SF author Ken MacLeod.

Con Blomberg's 1959 short story "Sales Talk" depicts a post-scarcity society in which society incentivizes consumption to reduce the burden of overproduction.[9]

See also

References

  1. ^ Robert Chernomas. (1984). "Keynes on Post-Scarcity Society." In: Journal of Economic Issues, 18(4).
  2. ^ https://mises.org/library/essay-nature-and-significance-economic-science Retrieved September-13-2015
  3. ^  , p. 16
  4. ^ Muir, Patricia (2007-11-01). "Cornucopian versus New Malthusian perspectives". Retrieved 2008-03-18. 
  5. ^ Jessop and Wheatley, Bob and Russell (1999). Karl Marx's Social and Political Thought, Volume 6. Routledge. p. 9.  
  6. ^ Wood, John Cunningham (1996). Karl Marx’s Economics: Critical Assessments I. Routledge. p. 248-249.  
  7. ^ Wood, John Cunningham (1996). Karl Marx’s Economics: Critical Assessments I. Routledge. p. 248.  
  8. ^ GNU Manifesto (full text online, see also GNU Manifesto) - Stallman, Richard; Dr. Dobb's Journal, March 1985
  9. ^ http://www.theguardian.com/books/2012/oct/11/ed-miliband-post-scarcity-sf Retrieved-September-13-2015

External links

  • The (Needed) New Economics of Abundance
  • The Economics of Abundance
  • The Tragically Neglected Economics of Abundance
  • Infinity Is Your Friend in Economics – contains links to a series of Techdirt articles on economics when scarcity is removed
  • The Post-Scarcity / Culture of Abundance Reading List v2.2
  • Post-Scarcity Princeton – Post Scarcity perambulations by Paul Fernhout
  • Abundance is our future, TED talk by Peter Diamandis
  • AdCiv Post-Scarcity Wiki
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.