Skip to content

Diamandis On Economics

March 15, 2013

Excerpted from Abundance, by Peter Diamandis and Steven Kotler:

Part of the problem is that most contemporary thinking about money and markets and such has its roots in the scarcity model.  In fact, one of the most commonly used definitions of economics is “the study of how people make choices under conditions of scarcity, and the results of those choices for society”.  As traditional economics (which believes that markets are equilibrium systems) gets replaced by complexity economics (which both fits the data significantly better and believes that markets are complex, adaptive systems), we may begin to uncover a postscarcity framework for assessment, but there’s no guarantee that such thinking will result in either more jobs or a different resource allocation system.

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

World Tai Chi & Qigong Day San Diego 2017 @ The World Beat Center

Free & Open To The Public Charity "Funraiser"

Chai Tea Tai Chi

Activate Your Superpowers

%d bloggers like this: