kaal:claim:6421319-013

Welfare theorems, growth accounting, cost benefit analysis, and public economics each lose their foundation when the dominant inputs into production are self replicating, self improving, and essentially costless, because each tool is defined relative to finite inputs.

Source quote, verbatim
Each of these analytical tools loses its foundation when the dominant inputs into production are self-replicating, self-improving, and essentially costless.
From

Wulf A. Kaal, The Collapse of Scarcity Economics (2026), III.B. The Production-Possibility Frontier Approaches Infinity, p. 14
https://ssrn.com/abstract=6421319 · source PDF

Cite as

Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319

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failuresupport: arguedfailure: Subfield Foundation Collapsefamily: research-design-limitationeconomics

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