Economics and the Fermi Paradox

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W.R. Hosek (2007), JBIS, 60, 137-141

Refcode: 2007.60.137
Keywords: Extraterrestrial life, Fermi paradox

Abstract:
A resolution of the Fermi paradox is proposed using common economic assumptions that should apply to all intelligent, planet-bound civilizations. It is argued that seemingly rational decisions about resource allocation will lead all civilizations to forego the commitment to interstellar exploration and colonization. Consequently humans have not, and will not, be visited by them and humans will not visit other civilizations.

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