The Limits to Scarcity
Rating: Lyla Mehta (ed). 2010. The Limits to Scarcity: Contesting the Politics of Allocation. Earthscan. ISBN 978 1 88407 542 3. The trouble with scarcity is that it’s taken as value neutral. It helps explain why supply and demand economics works as it does. Scarcity sets the price of something – with a finite supply, price varies to balance the equation. The problem is, scarcity is personal – someone loses out. If that’s a seat at a concert it’s just […]
