AGI Economics: The Sources of Scarcity
In economics, demand corresponds to scarcity — for without scarcity, there is nothing we need to have satisfied. Air, for instance, has no economic value in the conventional sense (a simplification, o…
Tag: #economics
4 posts
AGI Economics: The First Axiom
All human economics to date, at its most fundamental level, treats economic activity as an exchange of utility. A grows rice on his land, B labors to produce clothing, C sings "I Love You, Snow of the…
Economic Growth and Creative Destruction
What is economic growth? The question seems easy, but many schools of economics contain no growth—Marxist economics, for instance, appears to be economics without growth. Or rather, without growth in …
On Tanchun's Reforms
After Tanchun gained authority over the household management, she launched sweeping reforms. Starting with Baoyu, Jia Huan, and Jia Lan, she abolished the pocket money these three uncle-and-nephews re…