Meaning of agalmics | Babel Free

Definitions

The study and practice of the production and allocation of non-scarce goods.

uncountable

Examples

“So we can be certain that, over time, more and more basic goods will become less and less scarce. With these changes, it becomes increasingly important to understand how human beings allocate non-scarce goods. Indeed, a sort of "economics" of non-scarcity becomes an important study. But economics is the study of the allocation of scarce goods. We need a new paradigm, and a new field of study. What we need is agalmics.”

“The terminal cleared its throat: “I’m sorry, I was unable to understand that. What economic system would you like to pay in? We accept money, approved modal barter, agalmic kudos metrics, temporal futures, and—””

“"I work for the betterment of everybody, not just some narrowly defined national interest, Pam. It's the agalmic future. You're still locked into a pre-singularity economic model that thinks in terms of scarcity. Resource allocation isn't a problem anymore – it's going to be over within a decade{...}”

CEFR level