I’ve noticed that economics (in the neclassical sense) is really a farce, since economic theory is really bio-socialogical theory about how society is organized and how the earths energy resources are distributed. The fact that we have “schools” of economics speaks to our participation in the inventing social superstructures around the earths natural resources.
Consider so-called intellectual property, binary ones and zero’s, lets take the videogame industry, their product because supply is infinite should mean that the industry itself should be entirely unprofitable because, the means of production (actual matter and energy) to duplicate said work is trivial from a cost point of view, and the product itself, once created is not scarce. Applying scarcity economics to things that are not scarce is a form of tyrannical insanity, and the only reason we do, do it, is because our current economic system is really a bio-social political system bent on organizing and classifying people based on what dominant wealthy groups perceive as their interests (wrongly or rightly).
In my example of the intellectual property industry, information is not scarce, what-so-ever, but we’re applying out-moded concepts to things that have essentially near infinite supply, and who’s supply can always meet demand for negligable cost.
If we ever get to matter replicators (i.e. something like startrek), which is starting to occur now with 3D proto-type printers, the economic system will be radically altered.
Lastly, money is not a neutral store of value, it is an invention that is in fact obsolete, the only reason people are rich is because of population size and the energy resources they control, not primarily because of merit. But there control of the idealogical and psychological superstructures of society and the education system.
It took me a long time to figure out why poverty exists: As populations expand, the geometry of a population determines simply by nature of numbers someone will have to get rich (someone will make a widget everyone in the population wants to buy, etc), and not because of simply because of ‘hard work’ or any such fallacious notions.
Money is actually a kind of energy, it behaves very much like electricity and other enregy systems and should be studied as such. The old economics based on political ideas, and not science and geometry, is what really perturbs me about our current society.
Money is the primary mechanism of social control, and the price mechanism can be abused (‘private tryranny’) when population geometry co-incides with highly profitable things that are exchanged for monetary value, and because we do not use a completely electronic system yet, this can be abused, there needs ot be equations limiting how much someone can charge for a said product based on a given population geometry, this would certainly slow down the amount of rich people being created and the centralization of wealth into the hands of an tyrannical class of fools who abuse flaws in the current economic system.
Anyways, just thought I’d post this hear to gain some thoughts… don’t take any of it to personally, since I’m just sick of how ridiculous and outmoded current economic thinking is, it’s totally divorced from science in many regards.