- Mike Masnick’s series (of posts at TechDirt) about the lack of scarcity and its impact on modern economic climate:
- Economics Of Abundance Getting Some Well Deserved Attention (2006.10.26) – http://www.techdirt.com/articles/20061026/102329.shtml
- The Importance Of Zero In Destroying The Scarcity Myth Of Economics (2006.11.08) – http://www.techdirt.com/articles/20061025/014811.shtml
- The Economics Of Abundance Is Not A Moral Issue (2006.11.15) – http://www.techdirt.com/articles/20061115/020157.shtml
- A Lack Of Scarcity Has (Almost) Nothing To Do With Piracy (2006.11.29) – http://www.techdirt.com/articles/20061129/010043.shtml
- A Lack Of Scarcity Feeds The Long Tail By Increasing The Pie (2006.12.06) – http://www.techdirt.com/articles/20061206/011155.shtml
- Why The Lack Of Scarcity In Economics Is Getting More Important Now (2006.12.14) – http://www.techdirt.com/articles/20061213/234018.shtml
- History Repeats Itself: How The RIAA Is Like 17th Century French Button-Makers (2007.01.11) – http://www.techdirt.com/articles/20070110/004225.shtml
- Infinity Is Your Friend In Economics (2007.01.18) – http://www.techdirt.com/articles/20070118/013310.shtml
- Step One To Embracing A Lack Of Scarcity: Recognize What Market You’re Really In (2007.01.25) – http://www.techdirt.com/articles/20070125/004949.shtml
- Why I Hope The RIAA Succeeds (2007.02.01) – http://www.techdirt.com/articles/20070201/004218.shtml
- Saying You Can’t Compete With Free Is Saying You Can’t Compete Period (2007.02.15) – http://www.techdirt.com/articles/20070215/002923.shtml
- Perhaps It’s Not The Entertainment Industry’s Business Model That’s Outdated (2007.02.22) – http://www.techdirt.com/articles/20070222/002451.shtml
- An Economic Explanation For Why DRM Cannot Open Up New Business Model Opportunities (2007.03.01) – http://www.techdirt.com/article.php?sid=20070301/005837
- Recognizing That Just About Any Product Is A Bundle Of Scarce And Non-Scarce Goods (2007.03.15) – http://www.techdirt.com/articles/20070315/013313.shtml
- Scarcity Isn’t As Scarce As You Might Think (2007.05.22) – http://www.techdirt.com/articles/20070322/024237.shtml
- The Grand Unified Theory On The Economics Of Free (2007.05.03) – http://www.techdirt.com/articles/20070503/012939.shtml
- “Chris Anderson Strikes Again: The Economy of Abundance” by David Hornik (2006.10.22) – http://web.archive.org/web/20071224090639rn_1/ventureblog.com/articles/2006/10/chris_anderson_1.php
- “Abundance, and Five Years of Blogging” by ross mayfiled (2006.10.24) – http://ross.typepad.com/blog/2006/10/abundance_and_f.html
- “The Economics of Abundance” (2006.10.25) – http://www.longtail.com/the_long_tail/2006/10/the_economics_o.html
- Lack of Scarcity? – http://radio-weblogs.com/0114726/2002/12/20.html#a146. Extract:
- The Internet in totality has three significant emergent properties:
- 1. Low transaction costs: this accelerates Says Law
- 2. Inherent optionality: The Net is the most option rich medium, primarily because of its openness (free options create more free options). Every layer in the OSI networking model creates options for use by the above layers. As David Reed says in That Sneaky Exponential, “The value of potential connectivity is the value of the set of optional transactions that are afforded by the system or network.” When assets have economies of scope properties (high optionality) in a low transaction cost environment it further accelerates Says Law.
- 3. Commoditization: All goods trend towards commoditization. On the Net, the scale and span of the network and diversity of interests allow otherwise fragmented markets to be pooled, further accelerating the process of commoditization. All commodities prices also trend toward zero, as markets become more efficient in how they commonly define goods and contracts as well as develop mechanisms to transact them.
- 4. Rapid Obsolecense: The openness of the Net fosters innovation. That, combined with the above, results in shorter lifecyles and rapid depreciation.
- “Norlin on the Internet as Economic Drain” (2002.12.20) – http://web.archive.org/web/20070418112735/http://www.hyperorg.com/blogger/mtarchive/000979.html
Scarcity and Abundance
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