Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive. Their book provides a new way of understanding why the poor stay poor and the busy stay busy, and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.
"The overall result is a rather odd but ultimately humane and very welcome book." -The Guardian
"One of the important public-policy lessons of “Scarcity” is that tweaks, not massive sea changes, can accomplish a lot." - Boston Globe
"The book’s unified theory of the scarcity mentality is novel in its scope and ambition."—The Economist
"A pacey dissection of a potentially life-changing subject."—Time Out London
"Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive." -Harvard
This book is not really about money, it is about creating the life you want. A part of that is deciding what role you want money to play in it. We all have money in our lives, what matters is that you master money and it doesn’t master you. The secret
The distribution of wealth is one of today’s most widely discussed and controversial issues. But what do we really know about its evolution over the long term? Do the dynamics of private capital accumulation inevitably lead to the concentration of wealth in ever fewer hands? Or do the balancing forces of
Watching a financial crisis feels much like watching a natural crisis; as long as you are watching from distance. Although one is made by man and the other isn’t, there is something deeply mysterious about each; it isn’t quite clear how or why, or why now. Of course, each can create
When we told an economist colleague that we were studying scarcity, he remarked, “There is already a science of scarcity. It’s called economics.
Economics is the study of how we use our limited means to achieve our unlimited desires; how people and societies manage physical scarcity.
Focusing on one thing means neglecting other things. We’ve all had the experience of being so engrossed in a book or a TV show that we failed to register a question from a friend sitting next to us.
In a world of scarcity, long deadlines are a recipe for trouble. Early abundance encourages waste, and by the time the deadline approaches, tunneling and neglect settle in.