Economics in Science Fiction: The Specter of Overproduction (from Pohl and Huxley to Heinlein)

By William H. Stoddard

Science fiction has mainly been based on the natural sciences, from astronomy to biology; economics and the other social sciences come on stage less often.

Certainly, social science fiction was one of Isaac Asimov’s three categories of science fiction (along with gadget stories and adventure stories—as TV Tropes puts it, “Man invents car” can be followed by “lectures on how it works,” “gets into car chase,” or “gets stuck in traffic”).

But the premise for social science fiction was commonly a discovery or invention in the natural sciences, whose social and economic consequences are explored. It’s not so common for science fiction to be inspired by an economic theory.

Nonetheless, some theories have been the basis for science fiction stories. Economic issues are a major concern for libertarians; how science fiction deals with such issues is worth exploring.

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