Looking at the discussions surrounding the Russian oil prices cap, we reminded ourselves the “Scarcity Principle”. We look at the now famous “pivot” narrative and what it entices when it comes to ...

New technologies continue to democratize, decentralize, and disrupt production, offering the possibility that scarcity will be a thing of the past for many industries. We call these technologies of ...

Economics is the study of how we use our limited resources (time, money, etc) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...

You can’t always get what you want. - The Rolling Stones As we usually think of it, scarcity is the economic problem of having unlimited human wants and needs in a world of limited resources. We have ...