The Prosperous Society

The Prosperous Society
Author: Yoram Kirsh
Publisher: World Scientific Publishing Company
Total Pages: 0
Release: 2023
Genre: Business & Economics
ISBN: 9789811283710

The classical economic theory fails to truly describe the economies of prosperous societies. This is because traditional economics deals with the allocation of resources in conditions of shortage, while the urgent economic problems of a prosperous society are mainly associated with conditions of abundance.This book presents the hallmarks of a prosperous society and analyzes the special problems that it faces. It differentiates between the two types of economies: the traditional one which is based on scarcity, and the prosperous economy which is able to fulfill almost everyone's needs. The book analyzes what motivates these two types of economies, what challenges them, and what features or manifestations of success and failures characterize their current statuses and their futures.This book is an original and pioneering work. It analyzes the economy of the prosperous society from the perspective of the third decade of the 21st century. It is an interesting, engaging text on a theme that we seldom see and read about.

Prosperous Society, The: From Economics Of Sarcity To Economics Of Abundance

Prosperous Society, The: From Economics Of Sarcity To Economics Of Abundance
Author: Yoram Kirsh
Publisher: World Scientific
Total Pages: 228
Release: 2023-11-17
Genre: Business & Economics
ISBN: 9811283737

The classical economic theory fails to truly describe the economies of prosperous societies. This is because traditional economics deals with the allocation of resources in conditions of shortage, while the urgent economic problems of a prosperous society are mainly associated with conditions of abundance.This book presents the hallmarks of a prosperous society and analyzes the special problems that it faces. It differentiates between the two types of economies: the traditional one which is based on scarcity, and the prosperous economy which is able to fulfill almost everyone's needs. The book analyzes what motivates these two types of economies, what challenges them, and what features or manifestations of success and failures characterize their current statuses and their futures.This book is an original and pioneering work. It analyzes the economy of the prosperous society from the perspective of the third decade of the 21st century. It is an interesting, engaging text on a theme that we seldom see and read about.

The Economics of Abundance

The Economics of Abundance
Author: Wolfgang Hoeschele
Publisher: CRC Press
Total Pages: 259
Release: 2016-03-23
Genre: Business & Economics
ISBN: 131703466X

No matter how many resources we consume we never seem to have enough. The Economics of Abundance is a balanced book in which Wolfgang Hoeschele challenges why this is so. He claims that our current capitalist economy can exist only on the basis of manufactured scarcity created by 'scarcity-generating institutions', and these institutions manipulate both demand and supply of commodities. Therefore demand consistently exceeds supply, and profits and economic growth can continue - at the cost of individual freedom, social equity, and ecological sustainability. The fact that continual increases in demand are so vital to our economy leads to an impasse: many people see no alternative to the generation of ever more demand, but at the same time recognize that it is clearly unsustainable ecologically and socially. So, can demand only be reduced by curtailing freedom and is this acceptable? This book argues that, by analyzing how scarcity-generating institutions work and then reforming or dismantling them, we can enhance individual freedom and support entrepreneurial initiative, and at the same time make progress toward social justice and environmental sustainability by reducing demands on vital resources. This vision would enable activists in many fields (social justice, civil liberties, and environmental protection), as well as many entrepreneurs and other members of civil society to work together much more effectively, make it more difficult to portray all these groups as contradictory special interests, and thereby help generate momentum for positive change. Meanwhile, for academics in many fields of study, the concept of the creation of scarcity or abundance may be a highly useful analytical tool.

Economic Abundance

Economic Abundance
Author: Dugger
Publisher: M.E. Sharpe
Total Pages: 242
Release: 2015-05-18
Genre: Business & Economics
ISBN: 0765628082

Most principles of economics texts are predicated narrowly on the concept of scarcity as a fundamental force, but that is only one aspect of economics. This supplemental text for basic and intermediate level undergraduates provides a serious discussion of the concept of abundance - what it means, how we can move toward it, and what keeps us from doing so. The authors first outline the development of the concept of abundance and its meaning with discussions of the roles of population, resources, and the environment. Then they consider why abundance escapes us, focusing on the detrimental roles of four predatory behaviors - classism, nationalism, sexism, and racism. As a remedy, they propose a policy of universal employment as a replacement for full employment, and explore the effects of pushing the unemployment rate down to absolute zero.

Tomato Economics

Tomato Economics
Author: Olivia Saunders
Publisher: Xlibris Corporation
Total Pages: 139
Release: 2015-11-24
Genre: Business & Economics
ISBN: 1514411822

Olivia Saunders presents her challenge boldly, and in no uncertain terms. In clear language even the most inexperienced layman can penetrate, Saunders presents a lucid, reasoned argument for a new way to see the worlds resources, and particularly the people who use them. Through the economics of abundance, Saunders seeks to reorient the way we as human beings relate to each other, our communities and our world. By denying the prevailing view of scarcity, which forces a paradigm of dehumanizing competition, and embracing what one might loosely term tomato economics, Saunders dares us to see the truth: there is enough, and more than enough. There is abundance.

Scarcity, Regulation, and the Abundance Society

Scarcity, Regulation, and the Abundance Society
Author: Deven R. Desai
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN:

New technologies continue to democratize, decentralize, and disrupt production, offering the possibility that scarcity will be a thing of the past for many industries. We call these technologies of abundance. But our economy and our legal institutions are based on scarcity. Abundance lowers costs. When that happens, the elimination of scarcity changes the economics of how goods and services are produced and distributed. This doesn't just follow a normal demand curve pattern - consumption increases as price declines. Rather, special things happen when costs approach zero. Digitization and its effects on the production, organization, and distribution of information provide early examples of changes to markets and industries. Copyright industries went through upheaval and demands for new protections. But they are not alone. New technologies such as 3D printing, CRISPR, artificial intelligence, synthetic biology, and more are democratizing, decentralizing, and disrupting production in food and alcohol production, biotechnologies, and more, and even the production of innovation itself, opening the prospect of an abundance society in which people can print or otherwise obtain the things they want, including living organisms, on-demand.Abundance changes the social as well as economic context of markets. How will markets and legal institutions based on scarcity react when it is gone? Will we try to replicate that scarcity by imposing legal rules, as IP law does? Will the abundance of some things just create new forms of scarcity in others - the raw materials that feed 3D printers, for instance, or the electricity needed to feed AIs and cryptocurrency? Will we come up with new forms of artificial scarcity, as brands and non-fungible tokens (NFTs) do? Or will we reorder our economics and our society to focus on things other than scarcity? If so, what will that look like? And how will abundance affect the distribution of resources in society? Will we reverse the long-standing trend towards greater income inequality? Or will society find new ways to distinguish the haves from the have-nots?Society already has examples of each type of response. The copyright industries survived the end of scarcity, and indeed thrived, not by turning to the law but by changing business practices, leveraging the scarcity inherent to live performances and using streaming technology to remove the market structures that fed unauthorized copying, and by reorganizing around distribution networks rather than content creators. Newsgathering, reporting, and distribution face challenges flowing from democratized, decentralized, and disrupted production. Luxury brands and NFTs offer examples of artificial scarcity created to reinforce a sort of modern sumptuary code. And we have seen effective, decentralized production based on economics of abundance in examples ranging from open-source software to Wikipedia.In this introductory essay, we survey the potential futures of a post-scarcity society and offer some thoughts as to more (and less) socially productive ways to respond to the death of scarcity.

Utility and Happiness in a Prosperous Society

Utility and Happiness in a Prosperous Society
Author: Yoram Kirsh
Publisher:
Total Pages: 18
Release: 2017
Genre:
ISBN:

Some examples of human behavior which seem paradoxical or irrational in view of the utility maximization principle can be explained as rational if we distinguish between two types of utility. The first type is the conventional utility - cardinal or ordinal - which the rational economic actors are expected to maximize. The second type is connected to actions which fulfill some psychological needs and might appear irrational by cost-effective calculations. Two instances of the second type are philanthropy and altruism on the one hand and excessive consumption, on the other. Although they stem from totally different drives, both are economically irrational but can be linked to the utility of the second type. The two-utilities model is rooted in Humanistic Psychology tenets, such as Maslow's hierarchy of needs as well as in recent results in Happiness Economics. It can be assumed that, on the average, the richer a person is, the less he cares about maximizing the first type of utility, while the importance of the second type in his life increases. As the society becomes more prosperous, both positive and negative trends of the second type of utility become more widespread: more resources are wasted on unnecessary products and services, and more money is spent on philanthropy. The two-utilities model can explain some seemingly odd features of the prosperous society, and may have practical applications as well.This article is scheduled to be a chapter in a book on the economics of the prosperous society. My claim is that there is a gap between economic theory and economic reality in the western world, since economics was traditionally established to deal with conditions of scarcity. As many of our current problems are associated with abundance rather than with scarcity, new tools are needed to tackle the modern dilemmas.For a definition of a prosperous society, please see the previous chapter (Unemployment and Job Creation in a Prosperous Economy). 'http://ssrn.com/abstract=2827204' http://ssrn.com/abstract=2827204.

The Economy of Abundance

The Economy of Abundance
Author: Stuart Chase
Publisher:
Total Pages: 334
Release: 2013-10
Genre:
ISBN: 9781258930578

This is a new release of the original 1934 edition.

Economics of Abundance

Economics of Abundance
Author: Bob Komives
Publisher: Rpk Press
Total Pages: 196
Release: 2021-03-17
Genre:
ISBN: 9781733884150

I am a wealthy pattern in my young, abundant biosphere. I am a thread in the net of life that threatens to encircle the universe. I seek a science to incorporate both the elusive abundance that builds what I have and the apparent scarcity that every day shows me what I have not. Through a vast field I follow a faint road along which I see landscapes that are impenetrable to traditional machinery of national and international finance. I see a distant village of mainstream economics barred from these exciting landscapes by its own walls and by the militant forces of pseudo-economics that interpose quaint, mirage-landscapes for mainstream society to fancy. In the same light that bathes the backs of those who once argued for a flat earth, I see proud, hoping, and helpless faces of those who argue for this week's popular economics -balance-the-national-budget-or-die. I see victim and perpetrator of quaint fancy. I also see hope in the emergent work of others more learned than I.Perhaps one fancy can replace another. Perhaps I can point through patches of scarcity in a field of abundance to a faint road that you fancy to explore. I did most of my own exploration in the 20th Century. Since 1980, for myself and few others, I have set forth my fancy on paper and electron clouds. In the 21st century I have returned a few times to my words to find poetry and alternate formats within my conjectures on the Economics of Abundance.