Most principles of economics texts are predicated narrowly on the
concept of scarcity as a fundamental force, but that is only one
aspect of economics. This supplemental text for basic and
intermediate level undergraduates provides a serious discussion of
the concept of abundance - what it means, how we can move toward
it, and what keeps us from doing so. The authors first outline the
development of the concept of abundance and its meaning with
discussions of the roles of population, resources, and the
environment. Then they consider why abundance escapes us, focusing
on the detrimental roles of four predatory behaviors - classism,
nationalism, sexism, and racism. As a remedy, they propose a policy
of universal employment as a replacement for full employment, and
explore the effects of pushing the unemployment rate down to
absolute zero.
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