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Trekonomics
''Trekonomics: The Economics of Star Trek'' is a 2016 book by French economist Manu Saadia. The book deals with the topic of the scarcity in the economy by looking at it in reverse. The author describes the 24th-century '' Star Trek'' universe in which scarcity does not exist at all. The book explores a post-scarcity age and how our society would need to change to adapt itself to such an environment. It looks at the expectations regarding automation and artificial intelligence and takes readers through a journey of the fictional, moneyless world of ''Star Trek''. It also looks at the challenges to the ''Star Trek'' economy. Saadia concludes that "Post-scarcity is not so much a matter of material wealth or natural bounty, but an organizational option for society". In 2017 the narrated version of ''Trekonomics'' was nominated for an Audie Award and came out as a finalist. Summary Throughout human history, most people in the world had and still have to deal with scarcity of resou ...
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Post-scarcity
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for ''all'' goods and services, but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society. Models Speculative technology Futurists who speak of "post-scarcity" suggest economies based on advances in automated manufacturing technologies, often including the idea of self-replicating machines, the adoption of division of labour which in theory could produce nearly all goods in abundance, given adequate raw materials and energy. More speculative forms of nanotechnology such as molecular assemblers or nanofactories, which do ...
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Doux Commerce
Doux commerce (lit. ''gentle commerce'' or ''soft commerce'') is a concept originating from the Age of Enlightenment stating that commerce tends to civilize people, making them less likely to resort to violent or irrational behaviors. This theory has also been referred to as commercial republicanism. Origin and meaning Proponents of the doux commerce theory argued that the spread of trade and commerce will decrease violence, including open warfare. Montesquieu wrote, for example, that "wherever the ways of man are gentle, there is commerce; and wherever there is commerce, there the ways of men are gentle" and "The natural effect of commerce is to lead to peace". Thomas Paine argued that "If commerce were permitted to act to the universal extent it is capable, it would extirpate the system of war". Engaging in trade has been described as "civilizing" people, which has been related to virtues such as being "reasonable and prudent; less given to political and, especially, religious e ...
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Manu Saadia
Manu may refer to: Geography *Manú Province, a province of Peru, in the Madre de Dios Region **Manú National Park, Peru **Manú River, in southeastern Peru *Manu River (Tripura), which originates in India and flows into Bangladesh *Manu Temple, a summit in the Grand Canyon, United States *Manu, Tripura, a village in Tripura, India *Manu, a village in Topliţa Commune, Hunedoara County, Romania *Manu, a village in Tâmna Commune, Mehedinţi County, Romania *Moku Manu, an island in the Hawaiian islands As a given name Actors *Manu Bennett (born 1969), New Zealand actor, best known as "Crixus" on the television series ''Spartacus: Blood and Sand'' *Manu Intiraymi (born 1978), American actor, best known as "Icheb" on the television series ''Star Trek: Voyager'' *Manu Narayan (born 1973), American actor, and lead singer of the band DARUNAM *Manu Payet (born 1975), French actor, comedian, radio and television presenter *Manu Rishi (born 1971), Indian actor *Manu Tupou (1935–2004), ...
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Utopia
A utopia ( ) typically describes an imaginary community or society that possesses highly desirable or nearly perfect qualities for its members. It was coined by Sir Thomas More for his 1516 book ''Utopia (book), Utopia'', describing a fictional island society in the New World. However, it may also denote an intentional community. In common parlance, the word or its adjectival form may be used synonymously with "impossible", "far-fetched" or "deluded". Hypothetical utopias focus on—amongst other things—equality, in such categories as economics, government and justice, with the method and structure of proposed implementation varying based on ideology. Lyman Tower Sargent argues that the nature of a utopia is inherently contradictory because societies are not homogeneous and have desires which conflict and therefore cannot simultaneously be satisfied. To quote: The opposite of a utopia is a dystopia or cacotopia. Utopian and dystopian fiction has become a popular literary catego ...
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Risk Aversion
In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome. Risk aversion explains the inclination to agree to a situation with a more predictable, but possibly lower payoff, rather than another situation with a highly unpredictable, but possibly higher payoff. For example, a risk-averse investor might choose to put their money into a bank account with a low but guaranteed interest rate, rather than into a stock that may have high expected returns, but also involves a chance of losing value. Example A person is given the choice between two scenarios: one with a guaranteed payoff, and one with a risky payoff with same average value. In the former scenario, the person receives $50. In the uncertain scenario, a coin is flipped to decide whether the person receives $100 or nothing. The ...
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Nolan McCarty
Nolan Matthew McCarty (born December 10, 1967 in Odessa, Texas) is an American political scientist specializing in U.S. politics, democratic political institutions, and political methodology. He has made notable contributions to the study of partisan polarization, the politics of economic inequality, theories of policy-making, and the statistical analysis of legislative voting. He is currently the Susan Dod Brown Professor of Politics and Public Affairs at Princeton University, where he is also the Director of the Center for Data-Driven Social Science. Biography McCarty graduated from the University of Chicago with a BA in economics in 1990. He received a MS in political economy from Carnegie Mellon University in 1992, and a PhD also in political economy from Carnegie Mellon in 1993. Prior to joining the faculty at Princeton in 2001, he taught at USC Marshall School of Business and Columbia University. At Princeton, McCarty has served as associate dean at Woodrow Wilson School ...
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Political Science
Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and laws. Modern political science can generally be divided into the three subdisciplines of comparative politics, international relations, and political theory. Other notable subdisciplines are public policy and administration, domestic politics and government, political economy, and political methodology. Furthermore, political science is related to, and draws upon, the fields of economics, law, sociology, history, philosophy, human geography, political anthropology, and psychology. Political science is methodologically diverse and appropriates many methods originating in psychology, social research, and political philosophy. Approaches include positivism, interpretivism, rational choice theory, behaviouralism, structuralism, post-struct ...
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Princeton University
Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. It is one of the highest-ranked universities in the world. The institution moved to Newark, New Jersey, Newark in 1747, and then to the current site nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. It is a member of the Ivy League. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate in ...
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Political Economy
Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as Market economy, labour markets and Financial market, financial markets, as well as phenomena such as Economic growth, growth, Distribution of wealth, distribution, Economic inequality, inequality, and International trade, trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and Neoclassical economics, modern economics. Political economy originated within 16th century western Ethics, moral philosophy, with theoretical works exploring the administration ...
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Computational Model
A computational model uses computer programs to simulate and study complex systems using an algorithmic or mechanistic approach and is widely used in a diverse range of fields spanning from physics, chemistry and biology to economics, psychology, cognitive science and computer science. The system under study is often a complex nonlinear system for which simple, intuitive analytical solutions are not readily available. Rather than deriving a mathematical analytical solution to the problem, experimentation with the model is done by adjusting the parameters of the system in the computer, and studying the differences in the outcome of the experiments. Operation theories of the model can be derived/deduced from these computational experiments. Examples of common computational models are weather forecasting models, earth simulator models, flight simulator models, molecular protein folding models, and neural network models. See also * Computational cognition *Reversible computing ...
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Science Advances
''Science Advances'' is a peer-reviewed multidisciplinary open-access scientific journal established in early 2015 and published by the American Association for the Advancement of Science. The journal's scope includes all areas of science, including life sciences, physical sciences, social sciences Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of so ..., computer sciences, and environmental sciences. History The journal was announced in February 2014, and the first articles were published in early 2015. In 2019, ''Science Advances'' surpassed Science (journal), ''Science magazine'' in the number of monthly submissions, becoming the largest member in the Science family of journals. It is the only member of that family where all papers are gold open access. Editorial structure Editori ...
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Social Identity Theory
Social identity is the portion of an individual's self-concept derived from perceived membership in a relevance, relevant social group. As originally formulated by social psychologists Henri Tajfel and John C. Turner, John Turner in the 1970s and the 1980s, social identity theory introduced the concept of a social identity as a way in which to explain Group dynamics#Intergroup dynamics, intergroup behaviour. "Social identity theory explores the phenomenon of the 'ingroup' and 'outgroup', and is based on the view that identities are constituted through a process of difference defined in a relative or flexible way depends on the activities in which one engages" This theory is described as a theory that predicts certain intergroup behaviours on the basis of perceived group Social status, status differences, the perceived Legitimacy (political), legitimacy and stability of those status differences, and the perceived ability to move from one group to another. This contrasts with occ ...
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