agalmics

English translation: study and practice of the production and allocation of non-scarce goods

22:08 Nov 15, 2019
English language (monolingual) [PRO]
Bus/Financial - Economics
English term or phrase: agalmics
Since I have not found a definition for this term in any dictionary, I appreciate if you help me to come up with a definition.
amir khozeymeh
Iran
Selected answer:study and practice of the production and allocation of non-scarce goods
Explanation:
Found this definition in several sources, see the links below.

agalmics: A form of economics concerning the "study and practice of the production and allocation of non-scarce goods," primarily via free-market trading, open-source initiatives, and flexible standards for intellectual property.
Selected response from:

Alexander Gulevskiy
Local time: 00:35
Grading comment
I really appreciate your time and help.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5 +1agalmics (definition)
Elias Marios Kounas
5 +1study and practice of the production and allocation of non-scarce goods
Alexander Gulevskiy


  

Answers


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
agalmics (definition)


Explanation:
“Agalmics is an approach to (or more properly, perhaps, an alternative to) economics which acknowledges that non-scarce goods will always be copied, whether legally or illegally: ‘With our information technologies copying data is the easiest thing in the world, so it would be foolhardy to try to fight it.’”

https://ideas.ted.com/20-words-that-arent-in-the-dictionary-...

Also:

agalmics (uh-GAL-miks), n. [Gr. "agalma", "a pleasing gift"]
The study and practice of the production and allocation of non-scarce goods.

https://www.openverse.com/~dtinker/agalmics.html

For non-scarce goods:

https://en.wikipedia.org/wiki/Free_good

Elias Marios Kounas
Greece
Local time: 01:35
Native speaker of: Greek

Peer comments on this answer (and responses from the answerer)
agree  Daryo
10 hrs
  -> Thank you :)
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
study and practice of the production and allocation of non-scarce goods


Explanation:
Found this definition in several sources, see the links below.

agalmics: A form of economics concerning the "study and practice of the production and allocation of non-scarce goods," primarily via free-market trading, open-source initiatives, and flexible standards for intellectual property.


    Reference: http://https://en.wikibooks.org/wiki/Accelerando_Technical_C...
    Reference: http://zenbullets.com/blog/?p=94
Alexander Gulevskiy
Local time: 00:35
Works in field
Native speaker of: Russian
PRO pts in category: 4
Grading comment
I really appreciate your time and help.

Peer comments on this answer (and responses from the answerer)
agree  Daryo
9 hrs
  -> Thank you, Daryo!
Login to enter a peer comment (or grade)



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