wondering if there's any room for an idea of economics that relates to decisions made in abundance instead of scarcity. is that possible? or would that be the study of something else besides economics?
In the absence of scarcity, the entire apparatus of tradeoffs, preferences, and constrained optimization would presumably be mostly useless, but I don't see why not! Given how scarcity is defined, though, most decisions will remain choices under scarcity.
wondering if there's any room for an idea of economics that relates to decisions made in abundance instead of scarcity. is that possible? or would that be the study of something else besides economics?
In the absence of scarcity, the entire apparatus of tradeoffs, preferences, and constrained optimization would presumably be mostly useless, but I don't see why not! Given how scarcity is defined, though, most decisions will remain choices under scarcity.