Evernomics

The non-traditional economic field that studies economics in the context of eternity, where economic behavior of agents is not interrupted and wealth accumulation continues indefinitely, could be termed "Eternal Economics" or "Evernomics". This field explores the implications and dynamics of perpetual economic activities and infinite wealth accumulation.

Evernomics (Eternal Economics)

Evernomics examines the theoretical framework where economic agents operate under the assumption that their activities and wealth accumulation are continuous and unending. This field delves into various aspects, such as:

• Infinite Growth Models: Analyzing the sustainability and feasibility of infinite economic growth without encountering physical or resource limitations.
• Intergenerational Wealth Transfer: Studying how wealth is accumulated and transferred across infinite generations, ensuring uninterrupted economic activity.
• Perpetual Consumption and Production: Investigating the dynamics of consumption and production in a scenario where there are no constraints on time, resources, or technological advancements.
• Immortality and Economic Behavior: Exploring how the concept of immortality (eternal life) affects individual and collective economic decisions, including investment, savings, and consumption patterns.
• Infinite Resource Utilization: Examining theoretical frameworks where resources are either infinite or can be infinitely regenerated, removing traditional economic constraints.
• Ethics of Eternal Wealth Accumulation: Addressing the moral and ethical considerations of indefinite wealth accumulation and its impact on social equity and justice.
• Technological Singularity and Economics: Investigating the economic implications of a technological singularity, where technological growth becomes uncontrollable and irreversible, leading to infinite possibilities.

While Evernomics is not an established field in mainstream academia, it provides a speculative and philosophical approach to understanding the limitless potential and challenges of unending economic activity.

The field of Evernomics focuses on understanding how consumers make decisions in a hypothetical scenario where resources are abundant but demand is limited. This study aims to identify consistent patterns or principles of consumer behavior that persist regardless of changes in the market or external conditions. Additionally, the Evernomics focuses on understanding how consumers allocate resources in a scenario where the available resources are more than the demand for the resources.

Economics posits that resources are limited and human behavior is driven by self-interest and a desire for more. In contrast, Evernomics explores the possibility of human behavior in a hypothetical scenario where resources are abundant, and individuals are not constrained by traditional notions of scarcity and self-interest.

Economics is a discipline that often views human behavior and decision-making through a skeptical lens, while Evernomics is a hypothetical field that explores the potential for human behavior and decision-making in a more optimistic and visionary context.

Humans, as a part of the natural world, are subject to the laws and constraints of nature. However, Humans are distinct from other animals in that they possess the ability to create new rules and systems through the use of reason and technology, thus altering their relationship to the natural world.

As the world becomes increasingly complex, the process of breaking down and understanding this complexity can aid in guiding human existence. This often results in decentralization, where individuals and groups operate independently and create their own rules, rather than adhering to a set of universal principles.

The human capacity to detach ourselves from immediate reality and consider abstract concepts is a strength that enables us to transcend the natural world. This ability allows us to manipulate and shape the world around us, creating new and complex structures and systems.

Humans, as players in this game, are not content with their limited existence and strive to transcend their current state and achieve a sense of permanence and immortality. The desire for eternal existence is considered to be one of the fundamental human instincts.

Fate or destiny is determined by the external factors of the environment. To achieve a sense of immortality, it is necessary to continually alter and shape our surroundings. Evernomics is a hypothetical field that could provide guidance to individuals who aspire to transcend the limitations of the natural world and pursue eternal existence.

Over time, there are shifts and changes that occur within society, which can be understood as cycles. Within these cycles, there are two distinct sub-cycles (SVET Cycles) that occur. Humans are able to extend their existence through the creation of constructs, such as states, organizations, and companies, which have a longer lifespan than individual human lives.

There are sixteen distinct archetypal human behavioral patterns, referred to as "Deeps", that are believed to exist. These patterns are thought to be influenced and shaped by the environment in different ways. Understanding how the environment impacts these behavioral patterns allows for the creation of Intellectual Contracts that have the potential to be eternal.

Evernomics examines the behavior of consumers in an environment characterized by an abundance of resources and a finite level of demand. In such a scenario, the traditional supply and demand formulas may not directly apply, as the fundamental assumptions of scarcity and limited resources are altered. However, we can still provide a conceptual framework for understanding the behavior of consumers in Evernomics. Here's an adaptation of the supply and demand concepts:

In Evernomics, consumer demand might be represented by a formula that considers consumers' preferences, utility, and their willingness to consume different goods or services. This formula could take the following form:

Resource Availability: Instead of focusing on traditional supply, Evernomics would consider resource availability, which assumes an abundance of resources. The availability of resources might be represented by a parameter that reflects the overall capacity or availability of goods and services in the environment.

Equilibrium: In Evernomics, equilibrium could be conceptualized as a state where the available resources are efficiently allocated to satisfy consumers' preferences and maximize their utility. The equilibrium condition could be described as:

In Evernomics, where the environment is characterized by an abundance of resources and a finite level of demand, the traditional elasticity formulas may need to be adjusted to reflect the unique characteristics of the system. Here's a conceptual adaptation of price elasticity of demand and income elasticity of demand in Evernomics:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price. In Evernomics, since resources are abundant, price changes may not have the same impact as in traditional economics. However, we can still consider a modified concept of price elasticity. The formula could be:

Here, %ΔQd represents the percentage change in quantity demanded, %ΔP represents the percentage change in price, P represents the price, and Qd represents the quantity demanded. The specific functional relationship and values of elasticity would need to be determined based on the underlying assumptions and modeling in Evernomics.

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income. In Evernomics, where resources are abundant and demand is finite, the concept of income elasticity may need to be redefined. It could be seen as a measure of how consumers' preferences and consumption patterns change with respect to their income. The formula could be:

Here, %ΔQd represents the percentage change in quantity demanded, %ΔI represents the percentage change in income, I represents the income, and Qd represents the quantity demanded. The specific relationship and values of income elasticity would depend on the assumptions and models used in Evernomics.

In Evernomics, which explores the timeless behavior of consumers in an environment characterized by abundant resources and finite demand, the traditional production and cost formulas need to be adapted to reflect the unique characteristics of the system. Here's a conceptual adaptation of production and cost formulas in Evernomics:

Total Production:

In Evernomics, where resources are abundant, total production may be determined by factors such as consumer demand, resource availability, and efficiency. The formula for total production could be represented as:

Total Cost:

Total cost in Evernomics may involve factors beyond traditional inputs and expenses. It could encompass the utilization of resources, efficiency, and other relevant factors. The formula for total cost could be:

Average Total Cost:The average total cost in Evernomics could be derived as the total cost divided by the quantity produced. The formula for average total cost could be:

Marginal Cost: Marginal cost in Evernomics could be represented as the change in total cost resulting from producing an additional unit of output. The formula for marginal cost could be:

In Evernomics, which explores the timeless behavior of consumers in an environment characterized by abundant resources and finite demand, utility and consumer behavior concepts need to be adapted to reflect the unique characteristics of the system. Here's a conceptual adaptation of utility and consumer behavior formulas in Evernomics:

Utility Function: In Evernomics, the utility function represents consumers' preferences and satisfaction derived from consuming different goods or services. Since resources are abundant, the utility function might focus on factors beyond scarcity. The formula for the utility function could be represented as:

Marginal Utility: Marginal utility measures the additional utility derived from consuming one more unit of a good or service. In Evernomics, where resources are abundant, marginal utility might be adjusted to reflect the changing preferences and diminishing returns to consumption. The formula for marginal utility could be represented as:

In Evernomics, which examines the timeless behavior of consumers in an environment characterized by abundant resources and finite demand, the traditional growth and interest formulas need to be adjusted to reflect the unique characteristics of the system. Here's a conceptual adaptation of growth and interest formulas in Evernomics:

Compound Interest: Compound interest is a concept that might need to be redefined in Evernomics due to the altered assumptions of resource abundance and finite demand. Instead of focusing on financial capital growth, compound interest in Evernomics could represent the growth or accumulation of value, satisfaction, or well-being. The formula for compound interest in Evernomics could be conceptualized as:

Here, CI represents the compound interest or accumulated value, V0 represents the initial value or starting point, r represents a growth rate or a factor influencing the increase, n represents the number of compounding periods, and t represents the time.

Present Value: Present value represents the current worth of future streams of value or income. In Evernomics, where resource abundance and finite demand are assumed, present value might involve assessing the value or satisfaction derived from future consumption opportunities. The formula for present value in Evernomics could be conceptualized as:

Here, PV represents the present value, C represents the future value or stream of value, r represents a discount rate reflecting the opportunity cost or preference for immediate consumption, and t represents the time.

In Evernomics, which examines the timeless behavior of consumers in an environment characterized by abundant resources and finite demand, the traditional national income accounting formulas can be adapted to reflect the unique characteristics of the system. Here's a conceptual adaptation of national income accounting formulas in Evernomics:

GDP (Expenditure Approach):Gross Domestic Product (GDP) represents the total value of goods and services produced within a country's borders. In Evernomics, where resources are abundant and demand is finite, the expenditure approach to calculating GDP could be adjusted. It might reflect the value of goods and services consumed or utilized by consumers in maximizing their well-being. The formula for GDP using the expenditure approach in Evernomics could be conceptualized as:

Here, GDP represents the total value of goods and services produced, C represents consumption, I represents investment, G represents government spending, and (X - M) represents net exports (exports minus imports).

GDP (Income Approach): The income approach to calculating GDP focuses on the income earned in the production process. In Evernomics, where resource abundance and finite demand are assumed, the income approach could be adjusted to reflect the income generated from providing goods and services to fulfill consumers' preferences. The formula for GDP using the income approach in Evernomics could be conceptualized as:

Here, GDP represents the total value of goods and services produced, and Wages, Rents, Interest, and Profits represent the respective components of income earned in the production process.

In Evernomics, which examines the timeless behavior of consumers in an environment characterized by abundant resources and finite demand, the traditional game theory formulas can be adapted to reflect the unique characteristics of the system. Here's a conceptual adaptation of game theory formulas in Evernomics:

Nash Equilibrium: Nash equilibrium represents a state in a game where no player has an incentive to unilaterally deviate from their chosen strategy. In Evernomics, where resource abundance and finite demand are assumed, Nash equilibrium could be redefined in terms of maximizing individual well-being or satisfaction. The formula for Nash equilibrium in Evernomics could be conceptualized as a state where consumers maximize their well-being given the abundance of resources and the finite level of demand.

Prisoner's Dilemma: The Prisoner's Dilemma is a classic game theory scenario that illustrates the tension between individual and collective interests. In Evernomics, where resource abundance and finite demand are assumed, the Prisoner's Dilemma could be adjusted to reflect the decision-making process of consumers in maximizing their own well-being while considering the overall well-being of the community. The specific formulas would depend on the assumptions and modeling of Evernomics, incorporating factors such as consumers' preferences, resource utilization, and the interplay between individual and collective well-being.