Sharonomics: A Radical Economic Theory for the Next Industrial Revolution and Beyond ()
ABSTRACT
Economics has always been the epicenter of our
gender-skewed sociocultural legacy that eluded inclusiveness, equality, and sustainability
for centuries. Our traditional scarcity based economic theories need serious
rethinking as the exponential rise in world GDP, and billions of daily social
media shares tell us that 21st century economics has transformed from one of
scarcity to one of abundance, from capitalized silos to peer-shared
collectives. The principal objective of this research was to identify major
lacunae in our existing centralized economic systems and deploy technology to
render them more democratic, equitable, inclusive and sustainable. For a
proof-of-concept our methodology deployed blockchain technology to decentralize
the ecosystem, harvest the economic abundance, share, and redistribute the
abundance from those who “have” to those who “need” making the dynamics of
today’s sharing economy (Sharonomics), more equitable, inclusive and sustainable.
This paper is the first demonstration of a theoretical feasibility of such
Sharonomics ecosystem that monetizes the influence of abundance to achieve sustainability
via hedonistic motivations for democratic wealth redistribution, seamlessly,
autonomously, and altruism-agnostically. This paper provides the implications
of this research and suggests future research avenues highlighting the policy
recommendations for implementing Sharonomics around the world.
Share and Cite:
Raheman, F. (2022) Sharonomics: A Radical Economic Theory for the Next Industrial Revolution and Beyond.
Theoretical Economics Letters,
12, 1710-1748. doi:
10.4236/tel.2022.126094.