Atwood, Margaret. MadAddam Trilogy

Margaret Atwood, Oryx and Crake (2003). A novel which doggedly accumulates clever choices, and touches quite a lot on the reduction of humans to economic values. That there is a lot to nitpick over and call out is, in this case, a sign of what an excellent novel it is. Two clever choices pertinent to economics are: (a) the choice of an overdetermined apocalypse -- brought about through individual agency and economic crisis and ecological crisis and technological crisis, and if it hadn't been this particular apocalypse, it probably would have been a different apocalypse; (b) the decision to largely float the whole "reduction of humans to economic values" thing as a mansplainer (who has consumed his share of child pornography, sort-of-ironically of course) explaining to a woman the tragedy of her objectification. She is not convinced:

Of course (said Oryx), having a money value was no substitute for love. Every child should have love, every person should have it. [...] but love was undependable, it came and then it went, so it was good to have a money value, because then at least those who wanted to make a profit from you would make sure you were fed enough and not damaged too much. Also there were many who had neither love nor a money value, and having one of these things was better than having nothing.

(JLW) 

Kriss, Sam. Manifesto of the Committee to Abolish Space

Sam Kriss, "Manifesto of the Committee to Abolish Space" (2015). I first came across this via the recommendation of Ethan Robinson, who's always worth perking your ears to. Maybe it was raised expectations, but I came away a little disappointed: it felt like it participated in a tradition of dialectic, perhaps aporetic, analysis and polemic, but instead of taking me to several unlikely and contradictory places, it ended up just reiterating (albeit forcefully and hilariously) a well-rehearsed argument about Space Exploration, the Highest Stage of Capitalism.

But that's okay. And there are good bits! One of its more intriguing moves is creating a vision of paradoxical life-in-death not via a zoom-in to concrete particulars (as you might expect from work in this tradition), but via a zoom-out to a grand scale on which all human experience slips below the threshold of materiality, in the audit and accountancy sense of materiality, and simply gets rounded down to zero. The core proposal is obviously worth serious consideration. I am fairly certain that calls to abolish gravity are around a century old now (although admittedly I am unable to locate the quotation I am thinking of), why haven't such ideas got off the ground? Maybe a properly dialectical approach would be to twin abolition with projection; in which case, what should we replace space with? Another possibility is not to abolish outer space but to take revenge on it. Story online at The New Inquiry. 

Elsewhere: Kriss is an excellent essayist. Some of his other writing.

(JLW)

Maughan, Tim. Special Economic Zone

Tim Maughan, "Special Economic Zone" (2015). Not strictly science fiction. Not strictly not. About working in quality assurance for GPS tracking and vehicle monitoring units for retrofitting buses for smart cities. There is something stylistically clever about this story, something which becomes obvious early on in the story, as do the reasons for it. That leads to a choice, for the reader, about how they should read, and if they should read at all. However, part of its cleverness is that it resists being admired as clever, and part of what makes the choice difficult is that it's impossible to think of it as important. On Medium.com.

(JLW)

Roberts, Adam. New Model Army

See the Lara Buckerton review of this book, along with Antoine Bousquet's The Scientific Way of Warfare. Originally in Vector.

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.

Ryman, Geoff. Air

Geoff Ryman, "Air." (Later expanded into a novel). Mae is a fashion consultant in a small and fairly isolated village, who makes a living (and a life) by trading information. Very beautifully scuffs out the boundaries between the social and the economic. I feel like the whole story is wrapped around a kind of tacit pun on "richness" and/or "impoverished."

(JLW)

Stross, Charles. Neptune's Brood

Charles Stross, Neptune's Brood (2013). In part inspired by Graeber's Debt. On his blog, Stross discusses fast, medium and slow money in Neptune's Brood.

But Stross is definitely not translating Graeber into fiction -- in fact, he thinks his ending kind of sucks, because he couldn't figure out an ending which "repudiated the entire framework of inherited debt without simultaneously getting all preachy on a soapbox."

On the other hand, Neptune's Brood does contain the rudiments of a very interesting critique of the notion of liquidity. Liquidity is the ease with which something can be converted into purchasing power. Cash is generally accepted so it is highly liquid, buyers for treasury bonds are usually plentiful so treasury bonds are pretty damn liquid, a pile of gold in a geopolitically unstable jungle might be somewhat less liquid (compare Neal Stephenson's Cryptonomicon), a stolen artwork might be even less liquid, etc.

But really, the "ease" with which something can be converted into something else isn't just a function of what the thing is: it's a function of who owns it, and in what ways, and what they want to convert it into, and what they want to convert that into, and many other factors. The problem with the notion of liquidity is that it collapses all these innumerable factors into a single scale.

In Neptune's Brood there are three kinds of money: fast, medium, and slow. There is a sense in which fast money is highly liquid, medium money is somewhat liquid, and slow money is scarcely liquid at all. Slow, in fact, sort of means illiquid. But what is striking about thinking through these currencies is the qualitative shifts involved. Slow money is essentially implicated with a different kind of activity. An economic anthropologist might say that it constitutes its own sphere of exchange or its own transactional order. That is, slow money is "the currency of world-builders," used for financing star ships and colonies.

It takes power and expert labor to run an interstellar communications laser beacon – lots of both. Nobody will point a laser at a new colony and beam libraries of design templates and cohorts of expert soul dumps at them without an expectation of getting something in return. All colonies must of necessity go deep into debt in the decades after their foundation: It costs a lot of slow money to acquire the vital new technologies and skills it needs to plug unforeseen gaps. Only once its population has increased enough to support a local education, research, and development infrastructure – which can take centuries – can it aspire to a trade surplus. 

Stross plays on the relative causal isolation which exists on the vast interstellar scale to pose interesting questions about the nature and limits of liquidity. Is a currency zone encompassing worlds so far apart even an intelligible notion? Is slow money really money? Does it circulate? Does it have purchasing power? Is it really slow: that is, can its illiquidity really be meaningfully related to the system of light-speed-constrained, third-party-notarization banking which Stross imagines, which is what makes slow money transactions take so long? And does the "slowness" of slow money intuitively connote "stability" because we now strongly associate instability and speculation, including lightning fast automated High Frequency Trading? I suspect that, like many of science fiction's most useful extrapolative thought experiments, the value of Stross's model is in how interestingly it disintegrates when closely considered.

Here's a friendly critique of Neptune's Brood from Robin Hanson. I also grapple with slow money here and especially here. See also entry for David Graeber.

Swanwick, Michael. From Babel's Fall'n Glory We Fled...

Michael Swanwick, "From Babel's Fall'n Glory We Fled..." (2008). Features a civilization, the millies, who use trust as currency. It is a maddenly subtle choice of buck. On the one hand, this could be a cosmetic alteration to our own economic system. Money is, after all, typically without intrinsic use value, and only functions as money insofar as it is trusted as a medium of exchange, store of value and unit of account. So perhaps these "millie-on-airs" unmask and demystify what goes on around us every day. On the other hand, trust is so deeply and intricately implicated in what money is, that it's not clear it could fulfill the role of money (at least, not in the ways we're used to). You can put your trust in shells or brass rods, but can you put your trust in trust itself? Story online at Clarkesworld.