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Wednesday, December 5, 2012

The Law of Scarcity

We all want something we can't have.

That is what economics is all about, the fact that resources are limited and we must make choices to get the most out of them.

This theme is actually very common in our pop culture. Economics IS the human condition, the fact that we suffer and have to work.

So is blues the purest form of economics?





1 comment:

  1. Great post! i think you could make a pretty good argument for it too. When we choose that bundle of goods, it means we cant have everything we want and often we cant have the thing we want most. Very bluesy...

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