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Scarcity by Sendhil Mullainathan, Eldar Shafir

Scarcity

While Scarcity frustrates, it also fascinates. The idea that there’s a basic similarity to all forms of scarcity, and that similarity manifests itself in the way we think, has a touch of Gladwellian genius about it: somehow it manages to be obvious yet original at the same time. — Read the complete FT review

Categories
Economics

Synopsis

Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? Here, economist Sendhil Mullainathan and psychologist Eldar Shafir reveal that the hidden side behind all these problems is that they’re all about scarcity.

We’ve all struggled with packing a suitcase with too many items and not enough time to do it. In Scarcity, two intellectual adventurers show us that this simple idea explains the most fundamental problems in all walks of life. Using the new science of scarcity, they explain why obesity is rampant; why people find it difficult to sleep when most sleep deprived; and why the lonely find it so hard to make friends. Scarcity will change the way you think about both the little everyday tasks and the big issues of global urgency.