Affording it all

posted by
June 12, 2011
Foundation for Economic Education
by Sheldon Richman  
Posted in Commentary

"We live in a world of scarcity. Individually and collectively we want more than available resources can yield. That will remain true even as the supply of resources expands. That’s how people are. Ends exceed means. Demand exceeds supply. That’s why we economize and  always will. That is why human action is choosing. That is why we face tradeoffs all the time. Indeed it is why the discipline of economics exists." (06/10/11)  

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