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Scarcity

Why Having Too Little Means So Much
Mullainathan, Sendhil (Book - 2013 )
Average Rating: 4 stars out of 5.
Scarcity
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An examination of how scarcity--and our flawed responses to it--shapes our lives, our society, and our culture.
Authors: Mullainathan, Sendhil
Statement of Responsibility: Sendhil Mullainathan, Eldar Shafir
Title: Scarcity
why having too little means so much
Edition: First edition
Characteristics: 288 pages : illustrations ; 25 cm
Content Type: text
Media Type: unmediated
Carrier Type: volume
Bibliography: Includes bibliographical references and index
Contents: Introduction
The scarcity mindset. Focusing and tunneling ; The bandwidth tax
Scarcity creates scarcity. Packing and slack ; Expertise ; Borrowing and myopia ; The scarcity trap ; Poverty
Designing for scarcity. Improving the lives of the poor ; Managing scarcity in organizations ; Scarcity in everyday life
Conclusion
Summary: An examination of how scarcity--and our flawed responses to it--shapes our lives, our society, and our culture.
Subject Headings: Supply and demand Scarcity Decision making
Topical Term: Supply and demand
Scarcity
Decision making
Additional Contributors: Shafir, Eldar
LCCN: 2013004167
ISBN: 9780805092646
0805092641
Branch Call Number: 338.521 M
Research Call Number: JBE 13-1615
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Thursday, February 13.


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Mar 16, 2014
  • ser_library rated this: 5 stars out of 5.

fascinating, applicable and somewhat commonsensical (ie short and frequent deadlines). a bit repetitive, but the anecdotes are excellent. the recommendations for payday loan companies should be adopted. a good read.

Nov 24, 2013
  • ksoles rated this: 4 stars out of 5.

In "Scarcity," economist Mullainathan and psychologist Shafir engagingly approach the pressing problem of poverty. They examine different forms of scarcity: financial, social, temporal and nutritional, reporting on psychological research and case studies to develop their thesis that one can approach scarcity from a cognitive standpoint.

The authors' continuous discussion of the economics of scarcity eventually grows repetitive and tedious; explanations of terms like "tunnelling," confined focus that excludes broader considerations, and "bandwidth tax," where poverty taxes the mind so as to reduce intelligence and control, weigh down the narrative. Nevertheless, the authors stress that their approach to scarcity differs from that of economists. And when they do depart from the school of economics, their writing intrigues. They examine the mechanics of payday loans and show how market vendors in India finance inventory. They discuss how habits of thought constrain choice and argue that managing plenty matters as much as managing scarcity since scarcity often begins with abundance. Indeed, "the crunch just before a deadline often originates with ample time used ineffectively in the weeks preceding it."

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