Blog 7. 11/06/2011

I was sick and not able to attend class this week, but I believe what we talked about was the economics of abundance. The economics of abundance deal with cross subsidies. "Freemiums" were also discussed. Zero marginal cost to distribution was discussed because costs are incurred in production and things can be distributed with no appreciable costs to anyone. Labor exchange and a gift economy was also discussed in the lecture on the economics of abundance. The concept of "waste is good" was also talked about in class. Scarcity and abundance were also talked about in the lecture. Scarcity is "No," and abundance is "Yes."