A comment on scarcity
Modern economics is based on the idea that every good and service is scarce, but the standard defenses of this premise by reference to zero prices and infinite resources are invalid. The concept of scarcity is defined and used to show that ordinary scarcities are not economic scarcities. Th...
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Editura ASE Bucuresti
2014
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| Acceso en línea: | https://doaj.org/article/26478465d69a4d71837955fe978fccc1 |
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oai:doaj.org-article:26478465d69a4d71837955fe978fccc12021-12-02T06:27:07ZA comment on scarcity1843-22981844-8208https://doaj.org/article/26478465d69a4d71837955fe978fccc12014-11-01T00:00:00Z http://jpe.ro/pdf.php?id=6648 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208Modern economics is based on the idea that every good and service is scarce, but the standard defenses of this premise by reference to zero prices and infinite resources are invalid. The concept of scarcity is defined and used to show that ordinary scarcities are not economic scarcities. The errors regarding scarcity are traced to the methodology of modern economics, and an alternative method is suggested for a science whose subject matter is real human beings. The concept of relative scarcity is explained, and used to illuminate some important aspects of the functioning of a market economy. Some of the consequences are identified for economics if economists recognized that universal scarcity is not a fact.M. Northrup BuechnerEditura ASE BucurestiarticlescarcityRobbinsrationingrelativesubjectivismreasonEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol VIII, Iss 1, Pp 2-19 (2014) |
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DE EN FR |
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scarcity Robbins rationing relative subjectivism reason Economics as a science HB71-74 |
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scarcity Robbins rationing relative subjectivism reason Economics as a science HB71-74 M. Northrup Buechner A comment on scarcity |
| description |
Modern economics is based on the idea that every good and service
is scarce, but the standard defenses of this premise by reference to zero prices
and infinite resources are invalid. The concept of scarcity is defined and used to
show that ordinary scarcities are not economic scarcities. The errors regarding
scarcity are traced to the methodology of modern economics, and an alternative
method is suggested for a science whose subject matter is real human beings. The
concept of relative scarcity is explained, and used to illuminate some important
aspects of the functioning of a market economy. Some of the consequences are
identified for economics if economists recognized that universal scarcity is not
a fact. |
| format |
article |
| author |
M. Northrup Buechner |
| author_facet |
M. Northrup Buechner |
| author_sort |
M. Northrup Buechner |
| title |
A comment on scarcity |
| title_short |
A comment on scarcity |
| title_full |
A comment on scarcity |
| title_fullStr |
A comment on scarcity |
| title_full_unstemmed |
A comment on scarcity |
| title_sort |
comment on scarcity |
| publisher |
Editura ASE Bucuresti |
| publishDate |
2014 |
| url |
https://doaj.org/article/26478465d69a4d71837955fe978fccc1 |
| work_keys_str_mv |
AT mnorthrupbuechner acommentonscarcity AT mnorthrupbuechner commentonscarcity |
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1718399923400998912 |