Scarcity

How people and organizations can deal with resource shortages and crises.

When deprivation is prolonged, scarcity takes over the mind. Several studies show that having debt makes people less focused and makes it harder to make important career decisions. Cognitive abilities are affected, and opportunities can go unnoticed.

Sendhil and Eldar point out similarities between the different types of scarcity.

They believe, for example, that a tight budget is comparable to other scarcity phenomena, such as the lack of time caused by a packed schedule or hunger. When we think about this topic, the problems of modern life come to light, and Scarcity shows us how people and organizations around the world can deal with a lack of resources.