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What are some good resources on post-scarcity/post-monetary economics?

Economics Dec 12, 2020

What are some good resources on post-scarcity/post-monetary economics?

Expert Solution

In economics resources are factors used in production of goods and services in order to satisfy the unlimited wants of individuals in an economy. Economics concentrates on three resources namely land, human effort and capital. Land in this case includes all the natural resources such as raw materials which are useful in production, labour is basically the human effort utilized in the production process and capital is the medium such as infrastructure that makes production possible.

Post-scarcity economics refers to the economics in a post scarcity society. A post scarcity society is a type of society in which the productive resources are unlimited. Therefore, levying for goods and services is not necessary. As a result, individuals will acquire goods and services for free and thus there will be no need of working unless for pleasure.

The good resources in post-scarcity economics include capital which may not necessarily be in form of property or assets, physical property which include all the elastic materials and the natural resources which are owned by the entire community and they include air, water and land.

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