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The Prosperous Society:From Economics of Scarcity to Economics of Abundance

Author

Listed:
  • Yoram Kirsh

    (The Open University of Israel, Israel)

Abstract

The classical economic theory fails to truly describe the economies of prosperous societies. This is because traditional economics deals with the allocation of resources in conditions of shortage, while the urgent economic problems of a prosperous society are mainly associated with conditions of abundance.

Suggested Citation

  • Yoram Kirsh, 2023. "The Prosperous Society:From Economics of Scarcity to Economics of Abundance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 13606.
    • Handle: RePEc:wsi:wsbook:13606
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    More about this item

    Keywords

    Modern Economy; Prosperous Economy; Economic Growth; Technological Unemployment; Utility; Cardinal Utility; Ordinal Utility; Happiness; SWB; Leisure; Economic Irrationality; Selfishness; Solidarity; Philanthropy; Competition; Cooperation; Coopetition; Inequality; Gini Coefficient; Minimum Wage; Universal Basic Income; Capitalism; Crony Capitalism; Tax Evasion; Economic Crises; Financial Crises; Depression; Keynesian Economics; Subprime Mortgages; Credit Default Swaps; COVID-19; Climate Crisis; Air Pollution; Overpopulation; Excessive Consumption; Multinational Corporations; Clean Energy; Sustainable Economy; Non-profit Organizations; National Health Services;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • F6 - International Economics - - Economic Impacts of Globalization

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