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rival and non rival doesnt help us much at all because 'digital' goods expand - they dont dissapate; digaital goods become 'rivalrous' when they are branded or sent back to us in all sorts of forms, my nokia, red hat, ... there are many ways in which they are packaged into wholes and are sold to us and become rivalrous but as i said it doent get you far these things expand, they are turned into things that create worlds ... brands valorise digital goods - non rival and rival just goes round in circles and helps people feel happy intheir world of copyright freedom while the economy goes on adapting and valorising .... On 07/10/05, Soenke Zehle <soenke.zehle web.de> wrote:
Franz, this is key: "Some resources, such as timber, are rival generationally, since within a generation there is only a limited supply, but can be non-rival in the long-term if exploited at levels of sustainable yield, that is if only income and not capital is consumed." This is where all classical economics fails; the whole idea of achieving allocative optima through self-regulating markets is at odds with any thought of futurity, econ theory accommodates this rather awkwardly through fiddling with discount rates for future use. That's also why, imo, ecological economists like Daly (one-time World Bank dissident who was actually much more interesting than Stiglitz, for example) and others like Martinez have turned the problem of inter-generational allocation of resources into a major area of emphasis, Soenke _________________________________ Web-Site: http://www.oekonux.org/ Organization: http://www.oekonux.de/projekt/ Contact: projekt oekonux.de
_________________________________ Web-Site: http://www.oekonux.org/ Organization: http://www.oekonux.de/projekt/ Contact: projekt oekonux.de
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