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Tag Archives: Times Books

BOOK BIZ: A novel look at the effects of scarcity on our lives

The word “scarcity” in the context of economics typically calls up thoughts about how to most efficiently allocate scarce resources. Whether we’re talking about companies turning limited inputs into profitable ventures or governments choosing where best to spend tax revenue, economics is a social science dedicated to studying scarcity. Behavioral economics professors Sendhil Mullainathan and Eldar Shafir explore this theme, ...

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