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Submission + - An Economist's Take On Accelerando

Anarchocapitalist writes: Flying cars and little green men aside, many science fiction writers have shown an uncanny ability to predict and "foresee" the future. Yet, for all their prophetic accomplishments surrounding the development of future technologies, many fail to grasp the economic laws — the catallactics — that have remained unchanged for thousands of years. In this article, two aspiring Austrian economists write about the economic fallacies in Charles Stross's latest book, Accelerando, and as intriguing as the technological wizardry within the story may be, the plot is unfortunately riddled with economic misconceptions and non sequiturs.

If we could sell our experiences for what they cost us, we would all be millionaires. -- Abigail Van Buren