The (Needed) New Economics of Abundance


	The (Needed) New Economics of Abundance

wildcat

5-15-2008 5:32 AM

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tags:

nanotech, manufacturing, abundance, hope

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1a3677c5-833d-4312-9683-a048f42e26fd/E6160497-4C78-4166-A2EF-D228708E81CD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.kurzweilai.net/articles/art0671.html?printable=1" href="http://www.kurzweilai.net/articles/art0671.html?printable=1" style="font-size: 11px;">www.kurzweilai.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kurzweilai.net/articles/art0671.html?printable=1"><DIV class="TeaserText">Molecular manufacturing coupled with AI could bring about a "personal manufacturing" revolution and a new era of abundance. But abundance could be highly disruptive, so we need to design a new economics of abundance so society is prepared for it.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kurzweilai.net/articles/art0671.html?printable=1"><P>For centuries, we have built cultures and economies around scarcity. 
              <A class="thought" href="javascript:loadBrain('Economics')">Economics</A> is the "study of how <A class="thought" href="javascript:loadBrain('Human')">human</A> beings allocate scarce 
              resources"<SUP>1</SUP> in the most efficient way and conventional 
              <A class="thought" href="javascript:loadBrain('Wisdom')">wisdom</A> agrees that regulated <A class="thought" href="javascript:loadBrain('Capitalism')">capitalism</A> results in the most efficient 
              allocation of those scarce resources. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kurzweilai.net/articles/art0671.html?printable=1">But what happens if resources are not scarce? What economic <A class="thought" href="javascript:loadBrain('System')">system</A> 
              would we use to allocate <I>plentiful</I> 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 <I><A class="thought" href="javascript:loadBrain('Wired')">Wired</A></I> magazine says, 
              "My college textbook, Gregory Mankiw's otherwise excellent 
              <I>Principles of Economics</I>, doesn't mention the word abundance</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E6160497-4C78-4166-A2EF-D228708E81CD/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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