Is economics about allocating assets or social status?
Asking, I don't know. Boggles my mind that a person with $2 billion would waste an hour of time to acquire another billion.
Thought experiment: Say that free for the taking zero point energy was discovered and all labor was done by robots, and every sort of consumer good was free for the asking/taking. Thanks to free energy and robots, every part of the dry earth could be used for building residences.
1. How would shorelines and mountain tops be allocated?
2. How would Las Vegas, NV and Mt Athos evolve?
3. In other words, if money didn't matter, would not humans find a way to raise their own social status and to dump of people they thought beneath them?