Most scarce goods
, including finite natural resources, are
In other words, creation is not the basis for property rights in scarce goods
But at the same time, the law of diminishing marginal utility is a purely economic law which describes the character of the subject's attitude towards scarce goods
The issue is not which system will award scarce goods
to those who value them the most but which will coordinate behavior better in which situations.
His own sense of the work was informed by his memory of lines in front of Slovak shops during the Communist era, when passersby, lured by the promise of scarce goods
, would eagerly wait, mindless of the reward.
Ink and airtime were scarce goods
and so owners put a little here, a little there, trying to give all sides at least a chance for exposure to the mass audience.
The efforts took two approaches: denying scarce goods
to producers of non-essential items, and encouraging producers to convert to the manufacture of goods essential to the war effort.
His nuanced and illuminating treatment of the concepts of desert and merit present very welcome alternatives to the usual poverty of arguments that aspire to attack or defend controversial policies for the fair allocation of scarce goods
, from medical care to college admissions, through affirmative action, quotas, or even lottery.
Gifts given out of God's plenty take the place of trade-offs among scarce goods
in the life we share with him.
It is inappropriate for the analysis of respect and status-seeking, which are not scarce goods
to start with.
But the tragic dynamic they act out--in which love and success and approval are seen as scarce goods
for which women must compete to the death--is rooted in social, economic, and historical conditions this film never dares to examine.
The world wanted our scarce goods
, so we did not have to learn much about other cultures.
Serbia's economy has been destroyed by the war, by international sanctions and by well-connected gangsters, who derived huge profits from smuggling in gasoline and other proscribed commodities or from concerning the market on scarce goods
Similarly, sellers often allocate scarce goods
to steady customers when supplies are tight--rather than charge the customers higher prices--to reward and reinforce customer loyalty during downturns.