2: Choice in a World of Scarcity
- Page ID
- 103665
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- 2.1: Prelude to Choice in a World of Scarcity
- "The time at our disposal is limited. There are only twenty-four hours in the day. We have to choose between the different uses to which they may be put. ... Everywhere we turn, if we choose one thing we must relinquish others which, in different circumstances, we would wish not to have relinquished. Scarcity of means to satisfy given ends is an almost ubiquitous condition of human nature. " -Lionel Robbins