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 abundant, especially to those who have Internet access. Abundance in the information economy comes from the diminishing cost of reproducing information, making it easy for anyone to share information with others. If you consider the vast and incredible collections of materials on the Internet, from Google to Wikipedia, from the websites to the blogs, from the various file, audio and video exchange sites to YouTube, I think you’d agree that one term which describes all these accurately is abundance.

After my semi-retirement from software, hardware and Internet work, I did volunteer work on environmental and agriculture issues. I worked with farmers groups. After nearly ten years of doing so, I realized that a unifying thread connects my experiences in the information sector, in nature and in agriculture. What is it? You guessed it, abundance.

Like the information sector, nature also teems with abundance. The reason is simple, every species is genetically programmed to reproduce its own kind. The reproductive urge built into every living organism is the source of abundance in nature and, by extension, in agriculture.

I have also been studying economics these past few months. One fundamental assumption in economics is scarcity. Economists define their jobs as the study of efficient options in the context of scarcity. This focus on scarcity has created a blind spot among economists. Many have missed, taken for granted, ignored or rejected abundance as an interesting field for study.

That’s the study I’m currently doing.

If you are interested in this subject, please download my paper Undermining Abundance, which will appear as a chapter in a book that will be released in the next few months by Zone Books, entitled Intellectual Property Rights and Access to Knowledge.

I’m working on another paper now, entitled “Studying Abundance”, which I will also release soon.

One Trackback

  1. […] but which to me suggested “abundance” (see my posts on “abundance“). So I was interested in engaging Walden further in a […]

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