was listening to a podcast from cbc ideas about economics and social justice
one of the speakers was Pier Luigi Sacco who spoke of the economics of identity
after an individual's or society's basic economic needs of shelter, food supply, energy are provided there is an economic of identity that emerges
this works by applying the rules of scarcity that emerge in basic economics - supply and demand, etc. to basically luxury items - this emerges are branding, marketing...essentially the process of making non-needs needs
this is where social justice issues evolve? when more time and energy is put into obtaining these non-needs instead of focusing on needs for everyone
i'm not an economist and only listened to the podcast once but it has provided a branching off point for me to further investigate and perhaps further comment on in the future
