The paradise is usually defined as a place where people would live happily supported by an indefinite amount of freely available resources. No effort, labour or production would be needed so that economic activity as we have traditionally understood it would cease to exist. The immediate consequence would be that there would be no payment of wages and, as a result, an infinite level of unemployment would be obtained. Industrial technological progress has been promoted and has brought us some way to achieving the goal of paradise. Indeed, increasing productivity through the production of goods (the electronics industry is a case in point) provides precisely an example of falling production … Continue reading Orio Giarini