What if we built a digital economy based on abundance instead of scarcity? The first thing they teach you in any introductory economics course is that we have limited resources but unlimited wants. When resources are scarce people compete for them, and in extreme cases even fight or go to war for them. But scarcity as a basic economic problem has long been resolved in the market economy; the market allocates scarce resources through an exchange mechanism according to the laws of supply and demand.
Web 4.0: Building a Digital Economy of Abundance
Web 4.0: Building a Digital Economy of…
Web 4.0: Building a Digital Economy of Abundance
What if we built a digital economy based on abundance instead of scarcity? The first thing they teach you in any introductory economics course is that we have limited resources but unlimited wants. When resources are scarce people compete for them, and in extreme cases even fight or go to war for them. But scarcity as a basic economic problem has long been resolved in the market economy; the market allocates scarce resources through an exchange mechanism according to the laws of supply and demand.