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Special Report on

Economics of Abundance

economics of abundance special research report Photo by
For centuries, we have built cultures and economies around scarcity. Economics is the "study of how human beings allocate scarce resources" [1] in the most efficient way and conventional wisdom agrees that regulated capitalism results in the most efficient allocation of those scarce resources. But what happens if resources are not scarce? What economic system would we use to allocate plentiful resources? Is there even a point to talking about the "economics of abundance" in a culture where economic equations are entirely oriented around scarcity? As Chris Anderson, editor of Wired magazine says, "My ...
in which things such as goods, services and information are free, or practically free. This would be due to an abundance of fundamental resources (matter, energy and intelligence), in conjunction with sophisticated automated systems capable of converting raw materials into finished goods, allowing manufacturing to be as easy as duplicating software. Even without postulating new technologies, it is conceivable that already there exists enough energy, raw materials and biological resources to provide a comfortable lifestyle for every person on Earth. However even a hypothetical political or economic system able to achieve this ...
The Economics of Abundance - The Long Tail - Wired Blogs
My speech last weekend at Pop!Tech on the Economics of Abundance is getting some attention, which is really gratifying. It's something I mention in the book, but am now fleshing it out in a series of presentations and, I hope, some forthcoming blog posts. I'd like to link to a video of the speech, but Pop!Tech only streamed it live and it's no longer available. I'd embed a copy of the Powerpoint deck here, but the two services I know of that offer powerpoint sharing and embedding ( SlideShare and Zoho ) can't handle the graphics and fonts in my presentation and don't support animations. So ... market research, surveys and trends
Chris and Malcolm are both wrong - Union Square Ventures: A New ...
Many of you are familiar with dust up between Chris Anderson and Malcolm Gladwell that was touched off by Malcolm's review of Chris's new book , Free: The Future of Radical Price. [UPDATE: Free is no longer free. The link to Chris's book has been retired. You can find Chris's book on Amazon .] Anderson's book points out that the cost of providing web services is declining as a result of open source software, commodity hardware, and cheap bandwidth. Gladwell agrees with the trend but notes that it is very expensive for YouTube to host video. Gladwell and Anderson also traded visions of the future of the ... market research, surveys and trends


Free! Why $0.00 Is the Future of Business
a bitter anticapitalist, and a salesman of cork-lined bottle caps. It was 1895, and despite ideas, energy, and wealthy parents, he had little to show for his work. He blamed the evils of market competition. Indeed, the previous year he had published a book, The Human Drift , which argued that all industry should be taken over by a single corporation owned by the public and that millions of Americans should live in a giant city called Metropolis powered by Niagara Falls. His boss at the bottle cap company, meanwhile, had just one piece of advice: Invent something people use and throw away. One day, while he was shaving with a ... industry trends, business articles and survey research
economics of abundance - The Long Tail - Wired Blogs
in ten days, and I've run into a slight problem. The Long Tail is all about abundance: the economic effects of infinite shelf space. Unfortunately, neoclassical economics has virtually nothing to say about abundance. Indeed, the economics of abundance is almost exclusively the domain of extropians , a few other transhumanists, and science fiction writers . How can this be? Well, for starters the classic definition of economics is "the science of choice under scarcity". That's a warning sign right there. From Adam Smith on, economics has focused almost exclusively on behavior within constraints. My college textbook, ... industry trends, business articles and survey research
Is Intellectual Property Itself Unethical?
This is in response to the typical moral and ethical arguments in favor of things like excessive copyright or patent law, with normative claims about how we must protect artists' or inventors' creations for moral reasons, in that it would somehow be "unfair" to have others make use of their creations or inventions. My argument, in response, has always been that the role of morality is in determining a different level of fairness, it's determining the allocation of harm . In other words, moral questions come up when there is a choice over who gets harmed. If you're in a situation where no one gets ... market trends, news research and surveys resources
$600000000000 A New Economic Paradigm
With all the news consuming the headlines, some more important than others – oil spills, flotillas, Helen Thomas, the World Cup, Afghanistan – a major story is developing, right under our noses, with hardly anyone taking notice. This major story will not just make history, but it promises to change the course of history. But like all historical shifts and fundamental revolutions, this “story” is not a fleeting event; it is unfolding over time. And it takes a bit of stepping back (and rising up) to gain a birds eye view and see the forest for the trees. Exactly four years ago this column celebrated Warren ... market trends, news research and surveys resources


Research agenda for a green economics of abundance Wolfgang Hoeschele
Abstract: An economics of abundance attempts to eliminate socially .... economics of abundance to create new forms of collective property where private or ... technology research, surveys study and trend statistics
Book reviews, Monthly Labor Review Online, March 2007
Louis Uchitelle takes a narrative approach in conveying the problems of mass layoffs in America. Analyzing these problems and providing economic solutions would normally make a dry and boring read, but Uchitelle provides sympathetic case studies of lives ruined by seemingly senseless layoffs. Between the personal case studies lies well-documented evidence of real economic problems and criticisms of our free-market society. Uchitelle shows how managers and employees handle layoffs. For example, the CEO of Stanley Works from 1966 to 1988 was a part of his employees� community but had to leave his home and site of Stanley ... technology research, surveys study and trend statistics
What Happens When the Economics of Scarcity Meets the Economics of ...
There's no need to rethink important economic constructs just because of the growth of the Long Tail phenomenon and its impact on demand and supply. Or is there? That was part of the debate that occupied respondents to this month's column. As El Hakeem Yesufu put it, "The economics of scarcity has not been repealed by the digital Long Tail … prices are set by demand, not the constraints of supply." Edward Hare opened an aspect of the debate that several commented on when he said, "The rules of economics have not been repealed by digitization…. It occurs to me that 'costs' are being ...
  1. profile image andrew_zolli Friend of #poptech @rafefurst is bringing the economics of abundance to angel-round social capital.
  2. profile image GoneCoworking RT @citizenspace: "Economics of Abundance" workshop Thur Jun 23, 6:30pm. Check it out!
  3. profile image citizenspace "Economics of Abundance" workshop Thur Jun 23, 6:30pm. Check it out!
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If resources were abundant, will there be know to study economics ...
If resources were infinite, then economics would not exist. If all the resources in the world were increased by a factor of 1,000,000, economics would still exist because resources would still be scarce. 9 months ago 25% 1 Vote
What are your predictions for upcoming technology? | LinkedIn ...
Graphic Design (4), Education and Schools (1), Job Search (1), Mentoring (1), Intellectual Property (1), Career Management (1), Professional Organizations (1), Blogging (1), Using LinkedIn (1) Hi Arik, I think leaps and bounds will be made over the next 2 years improving TV interactivity. This will include things like: The ability to browse programs in a similar way to how you would look for things online, Buy items from programs/ads as simply and easily as we currently buy VOD content. Take advantage of the fact cable providers also provide telephone and internet to hook everything together (such as displaying incoming email ...