REVIEW: “The Practical Economics of Space” by Clark A. Miller

Review of Clark A. Miller, “The Practical Economics of Space”, in Visions, Ventures, Escape Velocities: A Collection of Space Futures, edited by Ed Finn and Joey Eschrich, (Center for Science and Imagination, Arizona State University, 2017): 275-290 — Download here. Reviewed by Sara L. Uckelman. (Read the review of the anthology).

The concluding pieces of the anthology focus on practicalities and pragmatics. Miller’s contribution addresses two questions:

  • “how human activities in space will get paid for” (p. 275).
  • “What—and who—will we value in the human future in space?” (p. 275).

And it does so in two ways: One, by focusing on the specifics of the economic aspects that go into space and space-travel. The way Miller goes about addressing the questions assumes no background competencies in economics in the reader, and yet manages to present the basic mechanisms underpinnning human financial transactions in a way accessible. Two, by showing how each of the stories in the anthology highlights different aspects of these factors, in a lovely summing up way.

The important take-home message is that if we are going to be able to fund near-earth space travel, and travel beyond, then we need to find things in space that people value, and are willing to give money to obtain. The stories in this book already offer a wide variety of options: Space-tourism, water and minerals, safety leaving behind a planet that has been destroyed, intellectual curiosity, satellites and communication infrastructure; planetary defense systems; souvenirs. Miller’s discussion of all the aspects that feed into the economics of space and space travel itself reads like a laundry list of ideas for SF authors to explore in future stories.

One of the “great strengths” of science fiction, Miller claims, is that it “reminds us that all kinds of people inhabit the future, not just those with a job to do” (p. 287). It’s not just the scientists and the governments, and the rich business owners. It’s the bakers, the cleaners, the AiIs, the people who look to the stars and dream. “Let’s make sure we write them, and all of humanity, into our future plans” (p. 290).