The Economy of Abundance

I asked my favorite economic professor King Banaian of SCSU Scholars, "Is there any economic theory that's based on abundance? Having too much as opposed to not enough. Having to manufacture demand as well as supply." He replied, "The short answer is no: Economics is the study of choice in a world of scarcity."

Entering economy of abundance in Wikipedia will redirect you to their entry on Post Scarcity. It's interesting reading. Particularly the notion of gift economies. If the only way you had to get something was having it given to you as a gift, would you be a nicer person?

Maybe it's not an abundance of things so much as it is an abundance of choices.


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