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Intermediate

Economics in a Post-Scarcity Society

#economics #future-studies #theory

Theorizing economic models when physical goods are limitless.

Construct a theoretical economic model for a post-scarcity society where advanced manufacturing allows for near-zero marginal cost of production for physical goods. How would value be assigned to non-material assets such as creativity, intellectual property, and social capital? Discuss the potential obsolescence of traditional labor markets.