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How to "solve" the economic question?

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Djin)ftw(
Profile Blog Joined November 2008
Germany3357 Posts
May 13 2013 11:54 GMT
#1
Sup, sorry I'm too lazy to think of a proper title.

So, I guess we can agree that the following assumptions are true:

1. There are certain activities that make us happy. (=some neurotransmitters are released in our brain, the result being that we experience something we call "happiness") Cooking, spending time with the kids, watching a movie, w/e

2. Owning/possessing stuff makes us happy. Owning/Possessing stuff is therefore one of the aforementioned activities. We realize that we own something and the experience of happiness is the result (probably most intense at the moment of the purchase).

3. Stockpiling makes us happy. We want to possess more stuff than we can actually use. We want to own a car even if we dont want to drive it at that particular moment, we want to have money in the bank even if we dont need it right now, food in the fridge we dont want to eat right now etc.

4. Most ressources are limited, especially what we call time.

So I have some questions.

Q1: Why does stockpiling makes us happy? I assume that in the process we call evolution at some point it was benficial for a species to develop this kind of thinking, or feeling. Which makes a lot of sense, because if you own more than you need, especially food, water etc, you can survive times of scarceness. Is that correct? Is stockpiling something that can be seen in other species as well? (I think squirrels do it?)

Q2: Assumption: a resonable approach to "life itself" is to maximize the utility that the limited ressources like time provide us. If we had to chosse between doing something boring work on one hand or doing some fun stuff on the other, we would always choose the latter.
So, given 2, 3, 4: how do we solve the tragedy of the commons? Should each and everyone of us have the same rights? Everyone gets the same amount of land, of food, toys, cars, yachts etc that the planet can provide? What, if the populations is growing?

Q3: Should people that own a lot (like billionaires) have to share their wealth with the poor? That would of course mean that a lot of us in the "first world" would experience a decrese in wealth.

Q4: So, if we assume that a "system" is fair if it is pareto optimal, then how can we determine if the distribution of goods and services in the world is fair? How can we "solve" the economic question (acquisition and distribution of goods&services)?

Thanks yo.
"jk CLG best mindgames using the baron to counterthrow" - boesthius
guN-viCe
Profile Joined March 2010
United States687 Posts
May 13 2013 12:03 GMT
#2
We need to produce more in a sustainable way.

We also need better laws and regulations. Unchecked capitalism is bad.
Never give up, never surrender!!! ~~ Extraordinary claims require extraordinary evidence -Sagan
Christ the Redeemer
Profile Joined May 2012
Brazil161 Posts
May 13 2013 12:09 GMT
#3
Homework thread detected!
FallenStar
Profile Joined October 2011
Spain118 Posts
May 13 2013 12:11 GMT
#4
Assumption: a resonable approach to "life itself" is to maximize the utility that the limited ressources like time provide us. If we had to chosse between doing something boring work on one hand or doing some fun stuff on the other, we would always choose the latter.


I think you should quit that assumption, just because it could derail the whole point of the thread or create a sub-thread in it just because it could easily be a thread by itself.

So, given 2, 3, 4: how do we solve the tragedy of the commons? Should each and everyone of us have the same rights? Everyone gets the same amount of land, of food, toys, cars, yachts etc that the planet can provide? What, if the populations is growing?


About the tragedy of the commons problem: (complete and absolutely speculating from now on, it could possibly be completely wrong, so tell me if I'm wrong) I think this is related to the fact that there's a new religion in the world: money. We all praise it, it's a miraculous and almighty god, with its own angels (the brands) and its own theology (economics). It influences us in the brain in the same way religion does (don't have time to find sources, will try later), and it affects our culture in a really deep way. So unless we get rid of this problem, that tragedy of the commons issue won't disappear, because everyone wants to have more and more in this world.

That's the way I see it at least. About everything else in the post: yeah, everyone should have the same rights, but not the same amount of things, because socialism, at that level, can't/hasn't worked.

And I don't know how to solve the economic problem cause I can't understand economics (am I the only one that always gets lost in economic threads??)
"Forget about motivation. If you want something, just fucking do it" - Day[9]
Melliflue
Profile Joined October 2012
United Kingdom1389 Posts
May 13 2013 12:16 GMT
#5
I disagree with that fundamental premise that owning stuff and stockpiling stuff makes people happy. The way I understand is that the happiness level of person will adapt over time to what he/she owns. By which I mean that if you buy a lot of stuff it might make you happy for a short while but it will wear off and you will return to being no happier than you were before.

This is a quick summary, and I can't chase up sources now. I will do so later
GMarshal
Profile Blog Joined March 2010
United States22154 Posts
May 13 2013 12:17 GMT
#6
This looks very much like a hw thread
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