Adams, Douglas. The Restaurant at the End of the Universe

Douglas Adams, The Restaurant at the End of the Universe (1980). How easy is it to distinguish socially useful labour from activities which are pointless, parasitic, counterproductive, or downright violent? 

Perhaps not that easy. In Bullshit Jobs: A Theory (2018), David Graeber offers an elegant approach to distinguishing "bullshit jobs." Does the person doing the job believe it has any social value? Graeber acknowledges this  approach isn't perfect -- for instance, sometimes tasks are broken up and distributed in ways which disguise what they are really about. But it's probably good enough. The person doing the job probably is in the best position of anyone to know. Nobody has really worked out a convincing way to measure the social value of work (as opposed to the mere market value), so what else do we have to go on?

The Restaurant at the End of the Universe contains a sort of cautionary tale about bullshit jobs. Long ago, on a distant planet, a plan was devised to get rid of all the pointless jobs ... as well as the people who performed them. Oddly enough, this plan involved a poet, who told a tale of the coming apocalypse. The people with the pointless jobs -- mostly management types, although also some telephone-sanitizers etc. -- were packed off to colonize a backwater planet. "We'll be right behind you," everybody else shouted into space, and of course they weren't. Ha ha ha! There was no apocalypse coming after all! ... or was there?

Perhaps you can guess which planet was colonized? That's right, prehistoric Earth. And yes, we humans are the descendants of the pointless jobs people. This is demonstrated not so much by shared genetics, so much as by shared attitudes and agendas.

Banks, Iain M. The Culture series

Iain M. Banks's Culture series. Notable for its post-scarcity civilisation: anyone can have pretty much any good or service they want. Nobody has to work unless they want to. Work has more to do with self-expression, self-fulfillment and relaxation than with toil, coercion, duty and necessity. Banks outlines the Culture's democratically planned economy in "A Few Notes on the Culture" (1994). See also Gene Roddenberry.

Here's one interesting snippet: in Banks's Look to Windward (2000), a highly desirable ticketed music event leads to a "partial" reinvention of "money."

“Well, for tickets to Ziller’s concert [...] People who can’t stand other people are inviting them to dinner, booking deep-space cruises together — good grief — even agreeing to go camping with them. Camping! [...] People have traded sexual favors, they’ve agreed to pregnancies, they’ve altered their appearance to accommodate a partner’s desires, they’ve begun to change gender to please lovers; all just to get tickets [...] And they have indeed [...] come to agreements that go beyond barter to a form of liquidity regarding future considerations that sounds remarkably like money” (p.276).

I wrote about this a little bit in the reflective part of my PhD. I said:

"This episode suggests a technologically privileged and sexually liberal version of commodity theory, with the same progression from inconvenient, illiquid, spot-trade barters to more conveniently liquid transactions. The tenacity of money in the Culture series, flourishing inside its homines economici like gut microbiomes [...] suggests a failure to fully erase money."

(JLW)

Banks, Iain M. The Algebraist

Iain M. Banks, The Algebraist (2005). Not part of Banks's Culture sequence, although it's a space opera which overlaps in various ways with the Culture universe. In terms of economics, it's notable for its reputation currency kudos (used by the Dwellers). Here's a snippet:

Bribing creatures who found the concept of money merely amusing tended to tax even the most enterprising and talented arbitrageur. The Dwellers clove to a system in which power was distributed, well, more or less randomly, it sometimes seemed, and authority and influence depended almost entirely on one's age; little leverage there.  

Alternatively, every now and again a species would attempt to take by force of arms what those involved in Dweller Studies attempted to wrest from the Dwellers by polite but dogged inquiry. Force, it had been discovered - independently, amazingly often - did not really work with Dwellers. They felt no pain, held their own continued survival (and that of others, given the slightest provocation) to be of relatively little consequence and seemed to embody, apparently at the cellular level, the belief that all that really mattered, ever, was a value unique to themselves which they defined as a particular kind of kudos, one of whose guiding principles appeared to be that if any outside influence attempted to mess with them they had to resist it to the last breath in the bodies of all concerned, regardless.

And another:

The problem was that to the Dwellers all professions were in effect hobbies, all posts and positions sinecures. This tailor that Y'sul and the City Administrator were babbling on about would have had no real need to be a tailor, he was just somebody who'd found he possessed an aptitude for the pastime (or, more likely, for the gossiping and fussing generally associated with it). He would take on clients to increase his kudos, the level of which would increase proportionally the more powerful were the people he tailored for, so that somebody in a position of civil power would constitute a favoured client, even if that position of power had come about through a lottery, some arcanely complicated rota system or plain old coercive voting - jobs like that of City Administrator were subject to all those regimes and more, depending on the band or zone concerned, or just which city was involved. The City Administrator, in return, would be able to drop casually into just the right conversations the fact she had such a well-known, high-kudos tailor. Obviously Y'sul had had sufficient kudos of his own to be able to engage the services of this alpha-outfitter too. People further down the pecking order would have employed less well-connected tailors, or just got their clothes from Common, which was Dweller for, in this particular case, off-the-peg, and in general just meant mass-produced, kudos-free, available-as-a-matter-of-right-just-because you're-a-Dweller . . . well, pretty much anything, up to and including spaceships.

Kudos makes for some interesting comparisons with Cory Doctorow's Whuffie, Karen Lord's social credit, and the trust "currency" of Michael Swanwick's millies.

Also see Abigail Nussbaum's review.

(JLW)

Beckbessinger, Sam. Undercurrency

Sam Beckbessinger, 'Undercurrency' (2021).

Part of a whole collection of financial futures. The story relates to a futuristic biofuel kelp farm pilot, located beyond the shallows with the help of drones that drag the kelp up to soak up the sun in the day, down to the sea bed to soak up nutrients in the night. In this new environment, a new subspecies of giant sea snail is thriving. The story explores the economics of environmental management, and in particular conflicts between decarbonisation and preserving biodiversity.

She believes in the market. How its invisible hand can solve the most complex problems, as long as everything has been priced in. Carbon tax treaties. Pollution fines. The costs your business doesn’t have to bear, the benefits they didn’t have to pay for. Her economics professor back in business school called them “externalities”. Her Ouma used to call it “leaving your mess for the fairies to pick up”.

Wole Talabi comments:

A brilliant story focused on climate change, energy transition and sustainable investment, “Undercurrency” follows a South African woman’s attempt to build her company, growing underwater kelp for biofuel on the coast while falling in love and learning about the complexity of doing the right thing in a world of complex and competing drivers. The voice in the story is strong, the description of the romance, while quick, feels natural and the descriptions of the science and the diving are vivid, accurate and wonderful. Full disclosure: I am an engineer in the energy industry and an avid diver, therefore naturally biased or as we say in Nigeria, I am the story’s target market. Consider me sold. Highly Recommended.

The choice of a giant sea snail offers a faint echo of the landmark snail darter conservation case of the 1970s. The Endangered Species Act is an intriguing mix of anthropocentric and ecocentric motivations. Kaitlin Bakken suggests: "If it were not for the human interest in protecting the land, the snail darter fish would not have been considered. [...] Conversely, where human interests are superior, wildlife species are generally unprotected."

The story is able to wrap up quickly and satisfyingly (in a way) with carbon credits as the deus ex machina. Instead of harvesting the kelp as biofuel, the fields are sold to the fossil fuel industry to offset carbon emissions. It works narratively, but it relies on a catastrophically rosy picture of how carbon credit trading has worked in practice.

“Prop up the oil companies?”

“That’s one way to see it.”

That is pretty much the correct way to see it.

Beukes, Lauren. Moxyland

Lauren Beukes, Moxyland (2008). Review originally appeared on Aargh and doesn't just focus on the economic aspects.

If you are going to write an archetypically bursting-at-the-seams first novel, then cyberpunk is an excellent genre in which (and bursting slightly out of which) to write it.

We get four narrators: Kendra, a Z-list schleb photographer, interested in the aesthetics of both obsolete and prototype technologies; Toby, a vile trustafarian with a magic vlogcaster suit; Tendeka, a slightly naïve community organizer and political activist; and Lerato, an AIDS orphan done good as a hacker with a snazzy corporate day-job. They roll around, exemplifying themselves and their world, occasionally explicitly brushing against each other, occasionally suggesting some more obscure, behind-the-scenes connections, until a horrific police crack-down on a rather intricate scene of civil disorder draws their four narratives together for the final act.

One of them melts.

Borenstein, Greg. @SpeculativeCash

Automatic text generation has been around since c.forever, and so has recombinant artwork. But both these things have turned a corner with the rise of Twitter bots. The critical language and tools for understanding Twitter bots, who are both poets and poems, both cultural producers and cultural products, is still pretty incipient. Nevertheless, if anything deserves entry to a database of economic speculative fiction, it's Greg Borenstein's @speculativecash bot. Borenstein's bot does one thing, constantly: invents new forms of money.

Disempowerment Wage
A digital currency based on the act of disempowering

— Speculative Currency (@speculativecash) October 2, 2016

Brunner, John. Total Eclipse

John Brunner, Total Eclipse (1974). Mess with eugenics and capitalism-like structures merged into one institution, y'all might wind up dead.

Here's the relevant bit (big spoiler alert):

“But that’s absurd,” Lucas said after a pause. “Going bankrupt— well, it could bring down a civilisation, but it couldn’t wipe out an entire species.”
“It could!” Ian insisted. “Look, it occurred to us to wonder whether the Draconians traded among themselves, and we decided yes, they must have, but it never occurred to any of us to ask what kind of currency they employed.”
Cathy jumped to her feet. “The printed crystals!” she burst out. “Those can’t have been money!”
Karen shouted. “You’d find money all over everywhere, not concentrated in great big storehouses—”

[like, an hour later] 

“Am I being obtuse?” Karen said. “Or have you not yet explained how going bankrupt killed them off?”
“I was just coming to the details of that. I think I already said— excuse me, but my head is buzzing insanely with all the implications— I think I said I started asking what an individual could accumulate by way of reward, or payment.”
There was a brief hush. Nadine ventured, “Promises that when he became she, there would be outstanding genetic lines reserved to— uh— to her?”
“That’s it. That’s what killed them.” Igor leapt to his feet and started pacing back and forth, thumping fist into palm. “I’ve almost got it,” he said. “You mean that without realising what they were doing, they restricted their genetic pool until it became dangerous, and then it was too late. Like fortunes being concentrated in the hands of a few ultra-powerful families? A sort of genetic capitalism?”

(JLW)

Delany, Samuel R. Trouble on Triton.

Delany, Samuel R. Trouble on Triton: An Ambiguous Heterotopia (1976). 

Many utopias, particularly the 'classic' utopias that flourished in the late nineteenth century, use the device of a visitor to expedite exposition. The fish-out-of-water character can mention things that to the inhabitants of utopia are too obvious ever to mention. Then the visitor can listen, bewildered and amazed, to lengthy explanations. Bron in Delany's Trouble on Triton is a bit of an outsider: from Mars, and not entirely comfortable in Triton society. 

Trouble on Triton is somewhat unusual in imagining a relatively strong and pervasive state along with greater social, economic, and political freedoms, both formal and substantive. Triton is an unusual democracy: everyone is governed by the candidate they vote for. Living arrangements are various and often communal. Society appears fairly heavily surveilled, although it may be that the majority of the data is never used. Delany also imagines an intellectual discipline, ‘metalogic,’ which expands the realm of the calculable; a metalogician is likely to work in something called a ‘computer hegemony.’ 

There are some indications that money may have been abolished (outside of a pretentious restaurant or two, where it is used as an archaic affectation), but whether this is really the case depends on how you interpret the credit system, and its relationship with the welfare state:

Second, because credit on basic food, basic shelter, and limited transport is automatic—if you don’t have labor credit, your tokens automatically and immediately put it on the state bill—we don’t support the huge, social service organizations of investigators, interviewers, office organizers, and administrators that are the main expense of your various welfare services here. [...] Our very efficient system costs one-tenth per person to support as your cheapest, national, inefficient and totally inadequate system here. Our only costs for housing and feeding a person on welfare is the cost of the food and rent itself, which is kept track of against the state’s credit by the same computer system that keeps track of everyone else’s purchases against his or her own labor credit. In the Satellites, it actually costs minimally less to feed and house a person on welfare than it does to feed and house someone living at the same credit standard who’s working, because the bookkeeping is minimally less complicated. Here, with all the hidden charges, it costs from three to ten times more. Also, we have a far higher rotation of people on welfare than Luna has, or either of the sovereign worlds. Our welfare isn’t a social class who are born on it, live on it, and die on it, reproducing half the next welfare generation along the way. Practically everyone spends some time on it. And hardly anyone more than a few years. Our people on welfare live in the same co-ops as everyone else, not separate, economic ghettos. Practically nobody’s going to have children while they’re on it. The whole thing has such a different social value, weaves into the fabric of our society in such a different way, is essentially such a different process, you can’t really call it the same thing as you have here.

The gist of it seems to be: basic universal services (food, shelter, transport) on a UBI-like system, plus the opportunity to earn more credits by working for non-essential purchases. But the details are ambiguous and intriguing. It sounds like if you were to buy some groceries, with labour credit in your account, that's what would be depleted; if you haven't got enough, then instead the state pays for the groceries. There would be a curious incentive structure: don't buy essentials when your labour credit balance is low. Then there are these "tokens" denominated in franqs:

He was putting his card back into his purse when something clinked: his two-franq token had fallen into the return cup, reiterating what the booth itself had been placed there to proclaim: The government cared.

He forefingered up the token (with the machine broken, he would not know if the two franqs had or had not been charged against his labor credit till he got to his co-op computer) and fisted aside the curtain.

And:

Mumblers with flickering lips and tight-closed lids swung grubby plastic begging-bowls—too fast, really, to drop anything in. As they passed, he noted a set of ancient keys in one, in another a Protyyn bar (wrapper torn), and a five-franq token. (“Use this till I report it stolen, or the bill gets too big,” had been someone’s mocking exhortation.)

And:

“That’s right.” And the redhead began to talk animatedly about something else, till they reached the transport. “Oh, and may I ask you a mildly embarrassing favor: Could you pay my fare with one of your to— kens. It’s only half a franq on your credit; I know it seems silly but—” 

“Oh, sure,” Bron said, opening his purse and fingering around for his half-franq token. He pushed the coin-shape into one of the change slots beside the entrance. (There was still some leftover money; but Sam seemed to have forgotten about it.) The green light flashed, and the token rolled out again into Bron’s palm. 

“Thank you,” the redhead said, and walked through the gate. Bron put the token in again; the light flashed again; again the token was returned (and somewhere two fares were billed against his labor credits on some highly surveyed government tape); returning the token to his purse, he followed the redhead onto the transport platform, constructing schemes of paranoid complexity about why the redhead might not want his presence in the city known. After all, basic transportation was a nonrefusable (what the dumb earthies would call “welfare”) credit service. 

Are tokens always 'returned,' so that they're really something like lots of little contactless debit cards? If something costs ten franqs, can you use the same one-franq token over and over again to buy it? One of the main features of cash is its relative anyonymity, so cash linked to government databases is a curious hybrid. Yet this wouldn't necessarily be silly: we could speculate around the advantages of preserving some of the materiality of cash. For example, losing a two-franq token would have different implications to losing a fifty-franq token (or a debit card). 

Or does the returning have something to do with the nonrefusability of basic services? Do tokens sometimes circulate (I think not, but I'm not 100% sure).

Doctorow, Cory. Down and Out in the Magic Kingdom

Cory Doctorow, Down and Out in the Magic Kingdom (2003).

If you're doing an economics and science fiction reading list, this should be pretty near the top.

I talked a bit about this book and its quasi-magical reputation currency, Whuffie, in my review of Doctorow's Pirate Cinema.

The TL;DR version is: maybe it's interesting to compare Whuffie and DRM (or at least, the things DRM would imagine itself doing in the best of all possible worlds). Why quasi-magical? Nowadays it's difficult not to see Whuffie through the lens of algorithmic governmentality, Uber, platform capitalism, Peeple, etc. But it may also be worth drilling down to the conceit that underlies Whuffie: a  system that can evaluate feelings and work out exactly what they're about and the ways in which they're good or bad (hence 'reality'-based currency).

Also see this interview at the Adjacent Possible, toward the end. Also see under Paul Graham Raven below. For other exotic currencies that are perhaps made out of trust or reputation, see entries for Iain M. Banks, Karen Lord, and Michael Swanwick.

(JLW)

Ekpeki, Oghenechovwe Donald. O2 Arena

Oghenechovwe Donald Ekpeki, 'O2 Arena' (2021).

Online here. Features what could be a kind of oxygen-based currency, the O2 credit. Payments are denominated in Os. Naming the currency in this way emphasises that drawing breath has become commodified, although roughly the same story could be told using naira or some other unit. We could speculate that perhaps the O currency is redeemable by the central bank for a certain quantity of oxygen.

Falk, Lee. Time Is Money

Lee Falk, 'Time Is Money' (1975). Fairly short and to the point, and online. A potential inspiration (idk) for Stephen Tolkin's The Price of Life (1987), which could very well have been an inspiration for Andrew Niccol's In Time (2011).

Compare Kurt Vonnegut’s ‘2 B R 0 2 B’ (1962): not a currency exactly, but an exchange relation. Also compare the Days currency in Terry Pratchett's Strata (1975), and the Oubliette's currency in Hannu Rajaniemi's The Quantum Thief (2011). Also compare real-life LETS currencies and the Economy of Hours, which can in principle use demurrage (naturally dwindling value) to encourage circulation. None of them have yet adopted the idea of killing you if you run out.

(JLW)

Gladstone, Max. The Craft Sequence

Series notable in particular for its soulstuff economy. Some excerpts from a Reddit AMA on Tor.com.

Excerpt from the excerpts:

Mundanername: Most of the wealth we see in the novels comes from complex investment schemes. If creative action grows the soul does that mean some occupations in the world do not just pay the workers a salary but the very act of performing the job generates wealth for the workers? 

MG: Depends—most employment contracts are structured so that added value goes to the Concern. It’d be a very special (and possibly doomed) Concern that didn’t work this way.  

Mundanername: Do people actually spend themselves to death in this world? 

MG: Yep. Though “death” is a bit of a misnomer—most of the time what happens is people spend themselves into zombiehood, and end up shambling about at the mercy of their creditors (depending on the structure of the debt). If they accumulate enough soulstuff by the terms of their contract they can come back to life, but apperception’s broken, and the psychological damage lasts a long time. Crafty folk are “better” at expending their soul—they can straight up spend themselves to dust if they’re not careful.

See also a post by Max Gladstone about writing Last First Snow.

Graeber, David. Debt: The First 5,000 Years

David Graeber, Debt: The First 5,000 Years (2011). Not strictly speculative fiction, but a representative of all that "the truth is stranger (albeit less rigorously extrapolated) than fiction" anthropology out there.

Jo Walton remarks in her review ("The Best Science Fiction Ideas in Any Non-Fiction Ever: David Graeber's Debt: The First Five Thousand Years") that a problem with writing SF and fantasy "is creating truly different societies. We tend to change things but keep other things at societal defaults. It’s really easy to see this in older SF, where we have moved on from those societal defaults and can thus laugh at seeing people in the future behaving like people in the fifties. But it’s very difficult to create genuinely innovative societies, and in genuinely different directions." Cory Doctorow says he found it thought-provoking but frustrating, and names it in the acknowledgements to Walkaway. Charles Stross draws the epigraph of Neptune's Brood from it.

Graeber's book is also a great reminder that many well-known facts (such as the fact that  money was invented as an improvement over barter, solving the double coincidence of wants problem) are liable to reveal themselves as rather wild and far-fetched speculative fiction. You can also check out Graeber's 2009 article for Mute which condenses a few of his book's major arguments. And also see Graeber's On the Phenomenon of Bullshit Jobs, which talks about something that several speculative fiction writers have noticed (Douglas Adams is one of them).

Still the best book about money I've read.

(JLW)

Hopkinson, Nalo. Money Tree

Nalo Hopkinson, "Money Tree" (1997), collected in Skin Folk (2002).  "In Jamaica it was the other way around; the costly refined sugar was for guests, and the everyday brown sugar was cheap. Mummy would have been horrified at how expensive Demerara sugar was in Toronto." An unsettling, layered little allegory about value, liquidity, inheritance and family resemblance. There is the relievingly straightforward nugget of allegory if you want it: some people love money more than anything, even life. But though that's definitely there, I think it might have been plopped there for the sake of the twisting, Ovidian ripples it radiates, filled with glimpsables. For other money trees, see Douglas Adams, Adam Roberts, and Clifford D. Simak.

A summary from Gregory E. Rutledge (2006 [2002]):

In “The Money Tree,” Silky finds herself forlorn at the disappearance of her brother, Morgan, whose incessant struggles for income led him to seek out the fabled Golden Table their grandfather had told them about when they were young. Morgan has been absent and presumed dead for months when the story opens. Straddled with nightmares and sinking further into despair, Silky tries to commit suicide by drowning herself in her bathtub. Ironically, this act reconnects her to the maternal in the form of her deceased mother, a mermaid who could never acquaint her children with the love of water, and River Mumma, the ancient water deity who identifies Silky’s mother as a daughter. Free of nightmares, her social life returning, and her body plump like her mother’s, Silky takes a swim at the YMCA. Hopkinson wrenches the story into the fantastic when River Mumma appears and the pool turns into an old Jamaican river where the treasure Morgan sought was supposedly located. As frightened swimmers rush out of the pool, Silky discovers her latent abilities as a mermaid and dives down toward her brother who is still holding on to the table. (17)

(JLW)

Levine, David D. Tk'tk'tk

David D. Levine, Tk'tk'tk (2005).

David D. Levine’s Hugo-winning short story ‘Tk’tk’tk’ focuses on the tribulations of Walker, an interstellar salesman, as he struggles to understand local market conditions.

Walker trips up over a variety of linguistic and cultural caltrops. He does not realise that the deepest and darkest room in the hotel is the most desirable and expensive (duh). He falls for the extrastellar equivalent of downing a local liquor he really can’t handle (more literally, his shoulders are sprinkled with strange green rings, but the principle is the same, and even the chanting “Rings, dance! Rings, dance!” (p. 170) faintly echoes a frattish ‘Drink! Drink! Drink!’). He has difficulty distinguishing high and low denomination currency boluses, since figures are written in fragrances (p.162). Numbers have qualitative associations he is frequently forgets: one buyer is mortified at the idea of paying seventy for an item, but will happily pay seventy-three (p.162). Potential customers profess themselves, with elaborate humility, to be unworthy to take ownership of Walker’s exalted merchandise, calling it “beyond price” (p.161). They do hint at the possibility of compensating him for an “indefinite loan” (p.173, cf. p. 161), but seem to prefer endless, aimless, chinwagging (“did you come through Pthshksthpt or by way of Sthktpth” (p.163)) to talking turkey.

Detail by detail, Levine conjures an amusing and convincingly exotic setting, and only a heartless reader would blame Walker for his bewilderment. Nonetheless, at bottom, Walker’s experiences are just exaggerated versions of what a naive and insensitive late C20th North American (or "Westerner," maybe) might encounter, trying to hock their merch in Asia and East Asia, and perhaps particularly, in Japan.

That is: compared to Walker, the aliens belong to what the anthropologist Edward T. Hall influentially described as a “high-context culture” (Beyond Culture, 1976), in which comparatively greater emphasis is placed on implicature, supported by shared context and experience. Walker’s frustration with meandering chit-chat – what he at best justify as “building rapport” (p.163) – recalls the reactions of some North Americans to a more informal style of decision-making common in Japanese organisations. That is, a style which exhibits a more flexible understanding of what might constitute ‘on-topic’ and ‘off-topic’ conversation, and which closely links the legitimacy of decisions to the social intimacy which has led up to them (cf. e.g. Haru Yamada Snr., Different Games, Different Rules, pp.55-59).

We must be wary of stereotyping, of course -- I'm pretty sure that golfing and drinking is part of work for London City bankers, every bit as much as it is for Tokyo salarymen -- but the broad distinctions are there, at least in the Business Studies and Linguistics literature. And in light of these connections, Walker’s eventual spiritual transformation, which sees him reforming his earlier striving attitudes, is not particularly difficult to understand – he is simply one more tourist-turned-Western Buddhist. Which is still good.

Is the story colonialist, orientalist? When I first wrote this post, I pussyfooted around the question a bit, because I like the story -- and also because I also think I need to try to take an author seriously when they tell me that somebody is a giant alien insect, or an orc, or whatever: and not simply unscramble the story in some way which suits me, and then critique the cleartext as if the ciphertext had never existed. But. The use of insect and swarm imagery, in the depiction of an inscrutable, indirect and exotic people? A people whose ways are a little more collectivist than our narrator's, and who offer him a mystical path to self-transcendence? This is definitely horrible territory.

Should no more pussyfooting. Levine should have used squidbears. And/or France.

This was originally part of a blog post that was also about Cory Doctorow's 'Chicken Little.' The two stories are both about making sales, and they both appear in Hartwell and Hayden's 21st Century Science Fiction anthology.

(JLW)

Maughan, Tim. Limited Edition

Tim Maughan, "Limited Edition" (2012). Features the gamification of robbery. You log onto Smash/Grab, a sort of gambling / gaming / social media thing, and get points for smashing stuff and nicking stuff In Real Life. In other words, what counts as a breakdown of the legitimate circulation of values within one sphere is a completely legitimate phase in the circulation of values within another sphere. There's a faint suggestion that somewhere in the shadows these spheres are reconciled: perhaps powerful corporate interests don't exactly run the Smash/Grab servers, but they may be in no hurry to see them shut down. Story online at Arcfinity.

(JLW)

Pratchett, Terry. Making Money

Terry Pratchett, Making Money (2007). 2007, you'll notice. Not 2009. Pratchett has really done his research, and in the course of a bristling, highly readable comic fantasy, he does a pretty good job of lampooning the commodity theory of money, especially in its more goldbuggish incarnations.

In part, Making Money is inspired by the founding of the Bank of England (though the differences are instructive). It's a bit unfortunate that Pratchett so cozily aligns the interests of state and the commoners against the interests of the parasitic aristos. That means that his rival understanding of what money is -- not a commodity, but a network of credit, backed by state power -- isn't really tested as thoroughly as it should be. But the bulk of the novel is amusing and educational, and by the end, things get more weird in a magical kind of way, until finally there's a really interesting thought experiment about value as it relates to banks, money, automation, "intrinsically" precious materials and (especially) labour. I've written a fair bit about this book, which will see light of day eventually.

(JLW)

Pohl, Frederik. The Midas Plague

Frederik Pohl, "The Midas Plague" (1954). Online. A topsy-turvy world satire with a lot of very intriguing material in it. A great story for thinking about the fact that scarce, as a technical term of economics, is not the same as limited. Rather, scarce means limited in relation to demand (or desire), and "The Midas Plague" plays with the idea of of manipulating not only the production of resources, but the demand for them (via those eleven psychologists, and of course the bit at the end). Pohl doesn't r-e-a-l-l-y rationalize the initial conceit very rigorously, but perhaps in 2016, with the benefit of CAP surplus foodscapes, with the New Public Management of the 1980s onward and the attendant financialization (and therefore consumer-ification) of public and civic life, the case might be easier to make. Also see "The Waging of the Peace" (1959).

Mild spoiler: in the future, the rich have the luxury of living modest lifestyles, while the "poor" have to constantly consume.

(JLW)

Robinson, Kim Stanley. Mars Trilogy

Kim Stanley Robinson, Red Mars (1993). Worthy, solid, hard sf-ish epic which speaks very directly to speculative fiction's utopian tradition. Reasonably good at avoiding the worst pitfalls of hard sf by making time for social science and political theory, and by creating dialogues and controversies that aren't decisively settled one way or the other. It edges on cringe-worthy ethnic caricature, though at least it has an inclusive and cosmopolitan instinct. Perhaps I need to think about that a bit more.

One particularly interesting section, as regards economics, is Arkady's conversation with Boon in Part 5, Chapter 8: "So far we have not been living in a money economy, that’s the way scientific stations are. It’s like winning a prize that frees you from the economic wheel." Arkady imagines the colonists as "scientist primitives" who have carved out an island utopia which appears free from the workings of global (stellar) capitalism, but is not really. Another is Marina and Vlad's eco-economics in Part 5, Chapter 6: "Everyone should make their living, so to speak, based on a calculation of their real contribution to the human ecology." As an attempt to rationalize economic value, Marina and Vlad's calorie-based proposals could probably stand to learn from historical experiments with time-based currencies (e.g. LETS), as well as the late 19Cth subjectivist critique (Menger et al.) of labor theories of value and cost-of-production theories of value. Marina and Vlad also propose a version of the Bullshit Jobs thesis (cf. e.g. Adams, Bellamy, Morris), that "there are whole categories of parasitical jobs that add nothing to the system by an ecologic accounting." But it is probably a good rule of thumb to think of economics as a "deformed offshoot" of ecology that is "like astrology." Marina and Vlad's eco-economics is soon compared with -- though it surely very different from -- the Sufis' aspiration for a "reverent economics" inspired by gift exchange. "We have studied the old cultures, before your global market netted everything, and in those ages there existed many different forms of exchange. Some of them were based on the giving of gifts." Mars's awkward and often ambiguous status at the edge of the Terran economy may offer some interesting comparisons, perhaps, with Charles Stross's Neptune's Brood. I am interested to see what happens in the next two books, and suspect the economics of longevity treatment may play a bit of a role?

Red Mars, by the way, is another of those books that actually does many of the things science fiction is assumed as a matter of critical cliche to do: it imagines the future, it reasons extrapolatively, it respects science but also wiggles it a bit, it inspires, it cautions, it tries to invoke sensawunda. It does these things in a way which feels fairly straightforward, almost prosaically literal, if you have been spending your time trying to read, oh I don't know, Dune or Trouble on Triton or Neuromancer or Children of Men or The Hunger Games or Jack Glass or something through that lens. You can kind of make it work, and actually using slightly the wrong tool turns out to be pretty damn fruitful once you give it some oomph ... but then when you turn to Red Mars and the critical apparatus and the text slot together so neatly, you feel a bit nonplussed.

Roddenberry, Gene. Star Trek

Gene Roddenberry's Star Trek. What's really fascinating about the economics of Star Trek is the inconsistency. The official line is that the Federation is post-money, and there are hints (replicators etc.) that it is more-or-less post-scarcity too.

Nevertheless, we also get references to rents, remittances, stakes, compensation and even the compulsory face of future finance, the credit. The equivocation is neatly captured in TOS Episode "The Apple," when Kirk snaps at Spock (and not for the first time I bet), "Do you know how much Starfleet has invested in you?" Spock responds something like, "Twenty-two thousand, two hun--" and is rather tellingly interrupted before he can finish, "--dred and forty three clams and eighty seven point one four pence, Captain. Why, what's up?" It's a discrepancy can be reconciled in various ways, which I hope to look at in some detail elsewhere.

I think the post-scarcity of Star Trek is worth comparing to that of Iain M. Banks's Culture, with which it has similarities.

There has been a fair bit written about Star Trek economics, most notably Manu Saadia's Trekonomics:



Trekonomics from Inkshares on Vimeo.