Less wants mean more abundance

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 [...]

Finite wants make relative abundance possible

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 [...]

Political economy of abundance

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 [...]