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Scarcity of what, and over what time scale? Human time will always be scarce, and it is valuable to each of us. We can also never have enough knowledge, so th
by nickff 13y ago
Scarcity of what, and over what time scale?
Human time will always be scarce, and it is valuable to each of us. We can also never have enough knowledge, so that is scarce in some senses, though it is a non-exclusionary good. Material goods fluctuate in scarcity, one can look at metals, silks, porcelain, and many other examples of commodities and their products which vary in price by region and era.
- deleted 13y ago[deleted]
- infectoid 13y agoInteresting that you mention that, I was thinking along similar lines as both yours and the parent comment. A true knowledge economy is what I would expect as the result of a "nano-factory" revolution. How much you know and what you know could be as valuable in direct terms as how much you earn is today in dollars. I am sure I have heard this discussed in more detail before. Probably on HN. Obviously we are several generations removed from such an event as the cultural shift would be profound. I don't think any of us would like it, me included. I always feel dumb so imagine I'd be part of the lower class in this world.