3 ms·
The following link is another review of the same book by Paul Mason http://www.paecon.net/PAEReview/issue73/Gillies73.pdf http://www.paecon.net/PAEReview/issue7
by ggrothendieck 11y ago
The following link is another review of the same book by Paul Mason http://www.paecon.net/PAEReview/issue73/Gillies73.pdf http://www.paecon.net/PAEReview/issue73/Gillies73.pdf but it focuses more on the economic idea, apparently discussed in his book, that the digital economy features a zero marginal cost of production. Now, if the purpose of the economy is to allocate scarce goods what happens when digital goods dominate the economy and have zero marginal cost (wikipedia, arxiv, github, free software, etc.)? The idea that scarcity might disappear would seem to undermine the very foundation driving economic transactions.