Scarcity Economics Quotes & Sayings

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. — Thomas Sowell

I think that the use of copyright is going to change dramatically. Part of it is economics. There is just going to be so much content out there - there's a scarcity of attention. Information consumes attention, and there's too much information. — Esther Dyson

In many cases, water stress is more about politics, economics, behaviour and governance than absolute water scarcity. Better planning is needed, to allocate water where societal need is greatest, and to allow trade-offs between alternative uses. — Ian Goldin

We've come to understand that all land not explicitly designated for public use is privately owned, regardless of whether it's put to use or not. The next time you pass by a property that's only minimally used but nonetheless owned, consider how harmless it seems. You might even think that the private ownership may have preserved a little piece of nature from human contact... However, this perspective only arises because of the scarcity we have collectively created; such a situation would not occur if we only used as much land as we actually needed. If our exclusive use of land came with an ongoing responsibility to our local community, nature would no longer be exploited: Most people would tend to use no more land than absolutely necessary, — Martin Adams

It's true: greed has had a very bad press. I frankly don't see anything wrong with greed. I think that the people who are always attacking greed would be more consistent with their position if they refused their next salary increase. I don't see even the most Left-Wing scholar in this country scornfully burning his salary check. In other words, "greed" simply means that you are trying to relieve the nature given scarcity that man was born with. Greed will continue until the Garden of Eden arrives, when everything is superabundant, and we don't have to worry about economics at all. We haven't of course reached that point yet; we haven't reached the point where everybody is burning his salary increases, or salary checks in general. — Murray N. Rothbard

A fool believes that the society of the future will transcend the laws of economics. A person of reason hopes that it will finally learn to respect them. — Jakub Bozydar Wisniewski

Two mystic states can be dissociated: the ecstatic-beneficent-and-benevolent, contemplation of the divine love, the divine splendour with goodwill toward others.
And the bestial, namely the fanatical, the man on fire with God and anxious to stick his snotty nose into other men's business or reprove his neighbour for having a set of tropisms different from that of the fanatic's, or for having the courage to live more greatly and openly.
The second set of mystic states is manifest in scarcity economists, in repressors etc.
The first state is a dynamism. It has, time and again, driven men to great living, it has given them courage to go on for decades in the face of public stupidity. It is paradisical and a reward in itself seeking naught further ... perhaps because a feeling of certitude inheres in the state of feeling itself. The glory of life exists without further proof for this mystic. — Ezra Pound

Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal. — Kurt Bills

To bring our human population in line with the biocapacity of the planet and transform our society from scarcity to sustainable abundance, we will need to address the great disparity in ecological footprint between the rich and poor, while simultaneously lowering the overall human population on Earth. — Jeremy Rifkin