A-Z Popular Blog Study Guide Search »
Economics
 Advertisements
Related Guides
Future Economics

What is Post Scarcity?

 , updated on
Post-scarcity is an economy where the things that people need and value can be provided without labor. This implies that material inputs are also abundant possibly due to a circular economy whereby all things are reused and recycled. A post-scarcity economy has several implications:

Wealth

People wouldn't need to store wealth for retirement. It is possible that property rights would be irreverent and/or non-existent.

Labor

Human labor might be redirected into education, artistic pursuits or to game-based competition such as sport and video games.

Environment

Post-scarcity implies that environmental problems are resolved as the environment is a scare resource. It is possible that a post-scarcity society would choose to build vast nature reserves.

Space

Post-scarcity could potentially enable or result from exploration and colonization of space on a vast scale.

Wants & Needs

Post-scarcity could occur due to a change in the things that people value. Current ideas about possessions might seem absurd to people in a post-scarcity society.

Virtual Environments

Post-scarcity could occur if many of the things that people value are in virtual worlds where they can be replicated without constraints. For example, physical property on a popular beach will always be constrained but virtual property on a popular virtual beach can be replicated to meet demand.
Overview: Post-scarcity
Type
Economics
Definition
An economy where the things that people need and value can be provided without labor.
Status
Theoretical
Related Concepts
Next: Fourth Industrial Revolution

Future Economics

This is the complete list of articles we have written about future economics.
Abundance
Dematerialization
Economic Change
Happiness Economics
Post Scarcity
Technology Winter
If you enjoyed this page, please consider bookmarking Simplicable.
 

Fourth Industrial Revolution

An overview of the Fourth Industrial Revolution.

Economic Change

The definition of economic change with examples.

Progress

The definition of progress with examples.

Abundance

The definition of abundance with examples.

Fermi Paradox

The Fermi Paradox explained.

Spacecraft

A list of existing, proposed and hypothetical spacecraft.

Piggyback

An overview of piggybacks in transportation.

Orbit

The common types of orbit.

Speed Of Light

An overview of the speed of light with examples.

Space Industry

An overview of the space industry with examples.

Inertia

The definition of inertia with examples.

Electromagnetic Spectrum

An overview of the common wavelengths of the electromagnetic spectrum.

Physics

A list of the branches of physics.

Space Things

A list of astronomical objects and phenomenon.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map