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Full-Text Articles in Economics

Too Much Of A Good Thing? A Governing Knowledge Commons Review Of Abundance In Context, Michael J. Madison, Brett M. Frischmann, Madelyn Sanfilippo, Katherine J. Strandburg Jul 2022

Too Much Of A Good Thing? A Governing Knowledge Commons Review Of Abundance In Context, Michael J. Madison, Brett M. Frischmann, Madelyn Sanfilippo, Katherine J. Strandburg

Articles

The economics of abundance, along with the sociology of abundance, the law of abundance, and so forth, should be re-framed, linked, and situated in a common context for empirical rather than conceptual research. Abundance may seem to be a new, big thing, between anxiety over information overload, Big Data, and related technological disruptions. But scholars know that abundance is an ancient phenomenon, which only seemed to disappear as twentieth century social science focused on scarcity instead. Restoring the study of abundance, and figuring out how to solve the problems that abundance might create, means shedding disciplinary blinders and going back …


Scarcity Or Economic Insecurity? Two Yardsticks For Measuring Capitalism’S Performance, Costas Panayotakis Dec 2021

Scarcity Or Economic Insecurity? Two Yardsticks For Measuring Capitalism’S Performance, Costas Panayotakis

Publications and Research

This article argues that capitalism’s relationship to economic insecurity is as important for the evaluation of that system as its relationship to scarcity. Critically analyzing the neoclassical and Marxist focus on capitalism’s relationship to scarcity, the article describes how capitalism’s relationship to economic insecurity offers a more cogent elaboration of these traditions’ shared belief that the economic system should serve people. In particular, while critical of the neoclassical portrayal of capitalism as a system using scarce resources efficiently, this paper also argues, against Marxism, that an alternative to capitalism might be preferable even if scarcity is not abolished.


Analysis Of Demand Under Time And Quantity Restriction Frames, Haily K. Traxler Jun 2021

Analysis Of Demand Under Time And Quantity Restriction Frames, Haily K. Traxler

Dissertations

For decades, behavioral economists and behavior analysts have borrowed techniques from one another to investigate human decision making. While there has been little overlap in their work, the union of the two may help to answer important questions about behavior. An emerging behavioral economic topic of interest in the behavior analytic literature is the analysis of how framing affects demand. The purpose of the present studies is to investigate some conditions under which demand is affected by framing and provide a behavior analytic interpretation of those effects. To assess the effects of framing, demand for marketplace items was assessed under …


Information Abundance And Knowledge Commons, Michael J. Madison Jan 2016

Information Abundance And Knowledge Commons, Michael J. Madison

Book Chapters

Standard accounts of IP law describe systems of legal exclusion intended to prompt the production and distribution of intellectual resources, or information and knowledge, by making those things artificially scarce. The argument presented here frames IP law instead as one of several possible institutional responses to the need to coordinate the use of intellectual resources given their natural abundance, and not necessarily useful or effective responses at that. The chapter aims to shift analytic and empirical frameworks from those grounded in law to those grounded in governance, and from IP law in isolation to IP law as part of resource …


Does Poverty Really Impede Cognitive Function? Experimental Evidence From Tanzanian Fishers, Virginia Graves May 2015

Does Poverty Really Impede Cognitive Function? Experimental Evidence From Tanzanian Fishers, Virginia Graves

Master's Theses

Does the feeling of scarcity really impede cognitive function? Using experimental evidence from Tanzanian fishers, this study examines the connection between poverty and cognitive function. Fishers in the experiment are tested on how exposure to a ‘scarcity trigger’ impacts cognition and productivity through measuring performance on problem solving tasks. The study also creates an index of distractions to test how existing problems in an individual’s life, which contribute to limited attention, relates to cognitive function and productivity. Experimental results do not find that mental and financial scarcities significantly impact test performance. Although the study finds no significant causal evidence, this …


Luck Or Skill? An Examination Of The Ehrlich - Simon Bet, Katherine A. Kiel, Victor Matheson, Kevin Golembiewski Jul 2009

Luck Or Skill? An Examination Of The Ehrlich - Simon Bet, Katherine A. Kiel, Victor Matheson, Kevin Golembiewski

Economics Department Working Papers

In 1980, Paul Ehrlich and Julian Simon placed a famous bet on whether the prices of a bundle of natural resources would rise or fall over the ensuing decade. Simon won the bet as the real price of the bundle fell significantly, and the result of this bet has been taken as proof that technological progress is likely overcome any Neo-Malthusian concerns about natural resource scarcity. Contrary to the popular perception, however, an examination of the price history of the identical bundle of goods from 1900-2007 shows that Ehrlich and not Simon would have won a majority of the bets …


Das Zeitalter Der Knappheit – Ressourcen, Konflikte, Lebenschancen, Isidor Wallimann, Michael Dobkowski Jan 2003

Das Zeitalter Der Knappheit – Ressourcen, Konflikte, Lebenschancen, Isidor Wallimann, Michael Dobkowski

Books

Michael N. Dobkowski and Isidor Wallimann establish a disturbing but realistic scenario of the disastrous future that awaits humankind as surplus populations collide with dwindling resources. Authors consider a number of cause-and-effect situations on industrialization, biophysical limits, exponential population growth, and genocide, to name a few. This volume is a critical contribution to the field and will serve as an ideal introduction to courses in the environment, population, resources, genocide, and social conflict.


The Coming Age Of Scarcity : Preventing Mass Death And Genocide In The Twenty-First Century, Michael N. Dobkowski, Isidor Wallimann Jan 1998

The Coming Age Of Scarcity : Preventing Mass Death And Genocide In The Twenty-First Century, Michael N. Dobkowski, Isidor Wallimann

Books

The structure of the book is simple. The first part analyzes major forces having an impact on the survivability of civilization as we know it into the twenty-first century. It outlines the challenges we face, including overpopulation, pressure upon the land, migration, ecological damage, and social instability. In part two, we present more detailed discussion of the problem of scarcity and how it relates to conflict. The authors in this section argue that the current level of human activity is unsustain­able. They demonstrate that population growth in particular affects the natural world and can affect the social order and international …