Leonard Rouse
December 3rd, 2010, 10:39 AM
Thinking this morning. . .
The price of an item tends to be a function of demand and scarcity.
(My observation) Scarcity tends to be a function of energy, or rather, the price of energy. Every desert could, literally, bloom if desalination were economically feasible. Gold and other minerals can be extracted from seawater, but it isn't economically feasible. Extrapolate to finished goods.
Imagine a world with cheap energy. I don't know. . .nuclear fusion. . .efficient conversion of solar energy. . .whatever.
The remaining valuable inputs/goods would be those truly scarce, those not merely economicaly scarce.
What are they?
The price of an item tends to be a function of demand and scarcity.
(My observation) Scarcity tends to be a function of energy, or rather, the price of energy. Every desert could, literally, bloom if desalination were economically feasible. Gold and other minerals can be extracted from seawater, but it isn't economically feasible. Extrapolate to finished goods.
Imagine a world with cheap energy. I don't know. . .nuclear fusion. . .efficient conversion of solar energy. . .whatever.
The remaining valuable inputs/goods would be those truly scarce, those not merely economicaly scarce.
What are they?