Working Paper
Less wants mean more abundance
by Roberto Verzola, rverzola@gn.apc.org
If we make the realistic assumption that people can be satiated, saturated or satisficed when meeting their needs and wants, we can show that wants have a finite bound and are not “infinite”, as many economists tend to assume.1
If wants are finite and their satisficing levels can [...]
Working paper
Finite Wants Make Relative Abundance Possible
by Roberto Verzola, rverzola@gn.apc.org
[Note: the old title of this working paper was “Finite demand makes relative abundance possible”.]
It is almost by definition that economists predominantly focus on scarcity, when they define economics as the study of “the most efficient ways to allocate scarce resources to meet unlimited [...]
I have been studying in the past few months the subject of abundance.
My interest in this subject grew out of my interest in information, information technology and information economics. I think most of us who have not yet realized it ourselves can easily believe the claim that information goods have become easily accessible and abundant, [...]
