What happens to economics in a futuristic world? (user search)
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  What happens to economics in a futuristic world? (search mode)
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Author Topic: What happens to economics in a futuristic world?  (Read 3662 times)
136or142
Adam T
Junior Chimp
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Posts: 7,434
« on: March 15, 2017, 10:58:27 AM »
All (or almost all) economic theory derives from the concept of scarcity.  If things can be made almost literally out of thin air or if energy becomes virtually free then that concept no longer applies and economic theory for the economy is no longer valid.

The economic theories that can be transferred to other things, such as daily life, would continue to apply as long as time is a scarce resource.
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136or142
Adam T
Junior Chimp
*****
Posts: 7,434
« Reply #1 on: March 16, 2017, 03:58:35 PM »
Quote from: Sibboleth on March 16, 2017, 02:33:31 PM
I'll tell you on the day that I am made King of Siam.

Anna what will happen on that day?
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