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…
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2 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…