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Scarcity – “Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist” – Tyler Cowen

August 2nd, 2011 · No Comments · Economics

Economics developed out of a recognition of the fact that many things worth having don’t just fall into our laps in the course of our everyday lives… The real purpose of economics is to get more of the good stuff in life.

The critical economic problem is scarcity. Money is scarce, but in most things the scarcity of time, attention, and caring is more important.

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