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<?xml-stylesheet type="text/xsl" href="https://archive.freecapitalists.org:443/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Economics Questions</title><link>https://archive.freecapitalists.org:443/forums/5.aspx</link><description /><dc:language>en</dc:language><generator>CommunityServer 2008.5 SP2 (Build: 40407.4157)</generator><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/886.aspx</link><pubDate>Tue, 02 Oct 2007 21:43:22 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:886</guid><dc:creator>sibir</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/886.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=886</wfw:commentRss><description>&lt;p&gt;One of the major motivations for creating the north american colonies was trade. If a planetary colony had some resource which the rest of humanity valued, say titanium, uranium, or perhaps some manufactured good that was cheaper to produce under the local conditions, the colony could then attract trade ships, and have a basis for replenishing capital goods from the outside. Of course, the distances involved would limit the amount of such ships, but that would likely be made up for in volume, which may only be limited by loading/unloading facilities, and a robotic crew/automated astrogation.&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;As for the information isolation, that could be the worst part of it.&amp;nbsp; An experiment&amp;nbsp; conducted a year or so ago determined that gravity does act at the speed of light(if the sun suddenly stopped holding the earth in orbit, the earth would continue on it&amp;#39;s curved path for 8 minutes before flying off on a tangental path), meaning that gravity does not provide us a way around the light barrier for information transmittal. There may be some other means of circumventing this issue, but right now it doesn&amp;#39;t look so good. &amp;nbsp; &lt;br /&gt;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/821.aspx</link><pubDate>Mon, 01 Oct 2007 22:37:17 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:821</guid><dc:creator>robertejackson</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/821.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=821</wfw:commentRss><description>&lt;p&gt;&amp;nbsp;&lt;blockquote&gt;&lt;div&gt;&lt;img src="https://archive.freecapitalists.org:443/Themes/mises2008/images/icon-quote.gif"&gt; &lt;strong&gt;Scott:&lt;/strong&gt;&lt;/div&gt;&lt;div&gt;&lt;/p&gt;&lt;p&gt;Many of the early English colonies in America had a regular supply of ships running back to the motherland for supplies. When the supply ships stopped for a while, the colonists starved. This is true at least for the very early colonies.&lt;/p&gt;&lt;p&gt;&amp;nbsp;After enough ships dropped of people and stuff over time to stabilize the new society somewhat, the standard of living wasn&amp;#39;t 150 years behind that of the motherland.&lt;/p&gt;&lt;p&gt;&amp;nbsp;Scott&lt;/p&gt;&lt;p&gt;P.S. - Just to nit pick, 2100 - 150 is not 1850.&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;/div&gt;&lt;/blockquote&gt;&lt;/p&gt;&lt;p&gt;&amp;nbsp;Estimating the number of years which the technology would regress is difficult/impossible.&lt;/p&gt;&lt;p&gt;I assumed a one-ship only model which doesn&amp;#39;t really apply to any surviving historical examples.&lt;/p&gt;&lt;p&gt;Being able to mine iron brings you up to the iron age or maybe the middle ages.&lt;/p&gt;&lt;p&gt;My 150 year estimate might be very optimistic.&amp;nbsp; I could easily imagine that it could be much worse than that. &lt;br /&gt;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/820.aspx</link><pubDate>Mon, 01 Oct 2007 22:33:13 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:820</guid><dc:creator>robertejackson</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/820.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=820</wfw:commentRss><description>&lt;p&gt;&amp;nbsp;&lt;blockquote&gt;&lt;div&gt;&lt;img src="https://archive.freecapitalists.org:443/Themes/mises2008/images/icon-quote.gif"&gt; &lt;strong&gt;JonBostwick:&lt;/strong&gt;&lt;/div&gt;&lt;div&gt;&lt;/p&gt;&lt;p&gt;Why have people always moved from where there are many people to where there are no people?&lt;/p&gt;&lt;p&gt;Freedom and Wealth&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;/div&gt;&lt;/blockquote&gt;&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Sometimes people move from rural areas to cities.&lt;/p&gt;&lt;p&gt;Other times people move to rural areas with a small amount of drop in standard of living or technology.&lt;/p&gt;&lt;p&gt;Very rarely people move to remote wilderness with no expectation of improving their standard of living in their lifetimes.&amp;nbsp;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/818.aspx</link><pubDate>Mon, 01 Oct 2007 22:30:54 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:818</guid><dc:creator>robertejackson</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/818.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=818</wfw:commentRss><description>&lt;p&gt;&amp;nbsp;My argument assumed that human being were doing the colonization.&lt;/p&gt;&lt;p&gt;IMHO, self-replicating robots will be the stuff of magic for a long, long time.&amp;nbsp;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/519.aspx</link><pubDate>Fri, 28 Sep 2007 03:49:57 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:519</guid><dc:creator>Jim OConnor</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/519.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=519</wfw:commentRss><description>I think that the argument has application to times when currencies collapse as well.&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/518.aspx</link><pubDate>Fri, 28 Sep 2007 03:33:11 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:518</guid><dc:creator>Bostwick</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/518.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=518</wfw:commentRss><description>&lt;p&gt;Very quickly the colonies had much better living conditions than the old world. &lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/515.aspx</link><pubDate>Fri, 28 Sep 2007 03:07:56 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:515</guid><dc:creator>Scott</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/515.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=515</wfw:commentRss><description>&lt;p&gt;Many of the early English colonies in America had a regular supply of ships running back to the motherland for supplies. When the supply ships stopped for a while, the colonists starved. This is true at least for the very early colonies.&lt;/p&gt;&lt;p&gt;&amp;nbsp;After enough ships dropped of people and stuff over time to stabilize the new society somewhat, the standard of living wasn&amp;#39;t 150 years behind that of the motherland.&lt;/p&gt;&lt;p&gt;&amp;nbsp;Scott&lt;/p&gt;&lt;p&gt;P.S. - Just to nit pick, 2100 - 150 is not 1850.&amp;nbsp;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/494.aspx</link><pubDate>Fri, 28 Sep 2007 00:20:38 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:494</guid><dc:creator>Geoffrey Allan Plauché</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/494.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=494</wfw:commentRss><description>&lt;p&gt;Jon is right but you raise some very important and relevant issues, Robert.&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/406.aspx</link><pubDate>Thu, 27 Sep 2007 06:34:29 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:406</guid><dc:creator>Bostwick</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/406.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=406</wfw:commentRss><description>&lt;p&gt;Why have people always moved from where there are many people to where there are no people?&lt;/p&gt;&lt;p&gt;Freedom and Wealth&lt;br /&gt;&amp;nbsp;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Re: Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/397.aspx</link><pubDate>Thu, 27 Sep 2007 05:47:45 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:397</guid><dc:creator>scottyokim</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/397.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=397</wfw:commentRss><description>&lt;p&gt;&amp;nbsp;I suppose the article is assuming that robot colonists will reason the same way?&amp;nbsp; (&amp;quot;I don&amp;#39;t want my grandrobots to live in 1850.&amp;quot;)&lt;br /&gt;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item><item><title>Economics Meets The Fermi Paradox</title><link>https://archive.freecapitalists.org:443/forums/thread/331.aspx</link><pubDate>Wed, 26 Sep 2007 18:49:28 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:331</guid><dc:creator>robertejackson</dc:creator><slash:comments>0</slash:comments><comments>https://archive.freecapitalists.org:443/forums/thread/331.aspx</comments><wfw:commentRss>https://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&amp;PostID=331</wfw:commentRss><description>&lt;p&gt;This was published in a non-Austrian journal &amp;#39;Mercury&amp;#39; of the Astronomical Society of the Pacific.&lt;/p&gt;&lt;p&gt;I thought it might be of interest to a different audience as well.&lt;/p&gt;&lt;p&gt;&amp;nbsp;___________________________________________________________________________________&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;h1&gt;Yet Another Solution Of The Fermi Paradox&lt;/h1&gt;
&lt;h2&gt;Background&lt;/h2&gt;
&lt;p&gt;Simple models of the expansion of a star-faring civilization
predict that our entire galaxy could be colonized in a small fraction
of the age of our galaxy. Based on such considerations, Enrico Fermi
is said to have asked “Where is everyone?” One of the
parameters of these models is the time delay between founding a new
colony and the new colony sending out colony ships of its own. During
the time delay, usually on the order of a thousand years, the new
colony is building up the industrial base necessary to create more
colony ships. There are consequences to this time delay which are
significant but which are rarely articulated.&lt;/p&gt;
&lt;h2&gt;Less Is Not More&lt;/h2&gt;
&lt;p&gt;Setting aside issues of the costs of creating and fueling a colony
ship, the hazards of interstellar flight, and the dangers of living
in the midst of a completely new biology, what are some of the
drawbacks of being an interstellar colonist? The day before the
colonist boards the colony ship, the colonist is living on a planet
having all the benefits of:&lt;/p&gt;
&lt;ol&gt;&lt;li&gt;&lt;p&gt;~Thousand years of accumulated physical capital&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;~Thousand years of accumulated knowledge about the available
	natural resources&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;The intellectual capital of an entire planet&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;Occupational specialization and division of labor of an
	entire planet&lt;/p&gt;
&lt;/li&gt;&lt;/ol&gt;
&lt;p&gt;The day after the colonist steps off the colony ship on the new
planet, the colonist is limited to:&lt;/p&gt;
&lt;ol&gt;&lt;li&gt;&lt;p&gt;The physical capital carried on the ship&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;Limited knowledge of the local natural resources&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;The intellectual capital of colonists and that &amp;#39;captured&amp;#39; in
	&amp;#39;books&amp;#39;&lt;/p&gt;
	&lt;/li&gt;&lt;li&gt;&lt;p&gt;Occupational specialization and division of labor of the
	colonists&lt;/p&gt;
&lt;/li&gt;&lt;/ol&gt;
&lt;p&gt;In a Star Trek universe, the Replicator solves the physical
capital problem, albeit at the tremendous cost of creating matter
from energy. Unfortunately, the technology of the Replicator and its
associated energy sources are still the stuff of a sufficiently
advanced technology which is indistinguishable from magic.&lt;/p&gt;
&lt;p&gt;In an Engines of Creation or Nanotechnology universe, the atomic
and molecular assembler solves the fabrication problem but not the
feedstock problem. How much of our technology depends on elements
which either are rare or are non-uniformly distributed in a planet&amp;#39;s
crust? It would be illuminating to send the contents of a Wal-Mart or
a Home Depot through a mass spectrometer and see the range of
elements which we depend on.&lt;/p&gt;
&lt;p&gt;The impact of limited physical capital depends on the level of
technology of the colonists. A band of paleolithic hunters and
gatherers can live off of the land and relatively easily replace
their physical capital. The crew of a sixteenth century sailing ship
stranded on an uninhabited continent would find it almost impossible
to replace the metal tools they need. Such a sailing ship crew would
fall back to a &amp;#39;stone-age&amp;#39; technology until suitable ore deposits
were found and the necessary mining and foundry technologies were
recreated.&lt;/p&gt;
&lt;p&gt;An interstellar colonist has an immensely higher standard of
living than a sixteenth century sailor. The colonist is used to
clothing, shelter, food, medicine, labor saving tools which are
unimaginable to a sixteenth century monarch, much less a sailor. This
would not be a problem except for the fact that the goods which the
interstellar colonist is so dependent on will in the long run be
consumed, wear out, break, or be lost. An interstellar colony is in a
race between the consumption of their tools and supplies and their
ability to create replacement tools and supplies from local
materials. Will the colony be able create a cell phone factory before
they run out of cell phones? Will the colony be able to produce a new
farm tractor before the last original tractor breaks down?&lt;/p&gt;
&lt;h2&gt;Book Learning And Lost Arts&lt;/h2&gt;
&lt;p&gt;The intellectual capital of the colonists will be augmented by the
complete collection of “Civilization For Dummies” a.k.a.
The &amp;#39;books&amp;#39;. Any technologies not already known by the colonists and
not in the &amp;#39;books&amp;#39; will have to be rediscovered anew. The challenges
of writing and illustrating these &amp;#39;books&amp;#39; are daunting. Practitioners
and experts will literally have to write down everything they know,
including all their never articulated, implicit knowledge.
Differences of opinions and the contexts for the various opinions
will have to be described in detail. These books will be difficult to
write and even more difficult to learn from.&lt;/p&gt;
&lt;p&gt;In a large population, when you encounter a problem you can search
for an expert who has years of experience with your problem and a
well cultivated intuition about what should work. In a small
population, you or someone else has to acquire the knowledge captured
in “Civilization For Dummies” and do it in time to solve
the problem. Even if you acquire the knowledge, there is still be big
difference between having an idea of how to do something and having
actually done it.&lt;/p&gt;
&lt;p&gt;While there are benefits of having “Civilization For
Dummies”, there can also be some negative consequences of
having it. A large corpus of &amp;#39;knowledge&amp;#39; and &amp;#39;wisdom&amp;#39; could, in the
worst case, retard the search for new knowledge and enthrone
tradition. The original colonists may well find themselves in a
situation where no one has time for experimentation with the
attendant potential for failure. 
&lt;/p&gt;
&lt;p&gt;As anyone who has repaired their own car knows, there is a big
difference between having the manual and having the experience. An
interstellar colony may well lose important knowledge, some of which
may be rediscovered and some of which may not. The spirit of
discovery which requires a modicum of leisure may well be lost in the
struggle to simply survive.&lt;/p&gt;
&lt;h2&gt;Outward, Into The Past&lt;/h2&gt;
&lt;p&gt;The limited physical and intellectual capital of an interstellar
colony means that, in all likelihood, the standard of living of the
colonists will decrease. The big question is “How far and for
how long?” If after a hundred years when all the spare parts,
lubricants, etc. are gone, what will be standard of living or
technology? After a hundred years, can an interstellar colony
recreate the industrial infrastructure of 1900? Can the colony
recreate the infrastructure needed to create antibiotics, x-rays, and
MRI? Can the colony recreate the infrastructure needed for combine
harvesters, interstate highways, and aircraft?&lt;/p&gt;
&lt;p&gt;If someone in the year 2100 were recruiting for an interstellar
colony, would they say:&lt;/p&gt;
&lt;p style="margin-left:0.79in;"&gt;&lt;i&gt;Pioneer new worlds and give your
grandchildren the chance to live as they did 150 years ago.&lt;/i&gt;&lt;/p&gt;
&lt;p&gt;Would you want your grandchildren to live as they did in 1850?&lt;/p&gt;
&lt;h2&gt;Why The Oversight?&lt;/h2&gt;
&lt;p&gt;We often think that people in a more technologically advanced
civilization know more than those in a less advanced one. At the
aggregate level, this is true. An the individual level, a person in a
less &amp;#39;advanced&amp;#39; civilization has to know a lot about how to create
food, clothing, and shelter. In a more &amp;#39;advanced&amp;#39; civilization, a
person can work solely in a very specialized area and purchase their
food, clothing, and shelter from others.&lt;/p&gt;
&lt;p&gt;This ability to buy so many of the goods and services we consume
means that we no longer know how to create them ourselves. This also
means that we have no idea how many people participated in the
creation of the goods or services. With such a limited insight into
how our technology works, it is easy for us to imagine that an
interstellar colony would maintain its original standard of living
while recreating the infrastructure needed to build another colony
ship. All those invisible producers of the goods and services we take
for granted will be there producing as if by magic. One root of the
Fermi Paradox may well be that the more people who are needed create
our goods and services the less these people are visible. I doubt
that any of us could estimate within two orders of magnitude how many
people were involved in creating all aspects of any one item we buy.&lt;/p&gt;
&lt;p&gt;A possible &lt;span&gt;explanation&lt;/span&gt; to the Fermi
Paradox may lie in the vastly reduced standard of living and
technology of the new interstellar colony. Attracting colonists who
want their children and grandchildren to live at a lower standard of
living may simply be too difficult. If it is easy, then these
colonists may not possess the customs and values necessary to create
the technology necessary for a new generation of starships. 
&lt;/p&gt;
&lt;p&gt;History is not destiny.&lt;/p&gt;
&lt;br /&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;</description></item></channel></rss>