The “costs of running the economic system” keep increasing …

My essay, “The Increasing ‘Costs of Running the Economic System’: Productive Power, Nonrivalry, and Exclusion Costs,” is here:

This essay argues that there is a direct link between wealth nonrivalry and the social costs of exclusion. In the mainstream literature, nonrivalry and high costs of exclusion are viewed jointly as the defining characteristics of public goods, but each of them—nonrivalry and exclusion costs—is viewed as a separate and independent attribute of goods; the presence of one need not imply (or preclude) the presence of the other. However, the expansion of society’s productive power implies, necessarily, the increased nonrivalry (or shareability) of wealth. A sparse simulation model with simple numerical values helps to show that society’s expanded productive potential and wealth nonrivalry tilt the material ground on which social interactions take place and stable social structures form. The tilting of their material ground induced by a greater wealth nonrivalry stresses the social structures in the direction of greater equity in the appropriation and ultimate use or consumption of wealth. The practical realization of these possibilities for social restructuring depends on the convergence of multiple historical factors.
All comments are welcome.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s