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

Yoram Kirsh
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Yoram Kirsh: The Open University of Israel, Israel

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

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.

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 (search for similar items in EconPapers)
JEL-codes: A10 A13 A14 F6 (search for similar items in EconPapers)
Date: 2023
ISBN: 9789811283710
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