Scarcity of the World

A detailed Summary of Scarcity of the World


The science of economics depends on whether society lives in abundance or scarcity. The economy is the careful management of wealth or a system of producing and distributing wealth. Abundance is having more than enough, a great plenty. Scarcity is the belief that nothing is plentiful. It is usually hard to get. Society today is involved in one big competition. People are always competing to get the things they need or want in life that will make them happy. People don't worry about the starving people that don't have the things they need because people are so worried about not having enough for themselves. It seems like people are so worried about scarcity that they will do anything to survive. They don't want the effects of scarcity, not having enough of what they want or need.

Palmer's argument is excellent. His idea is easily comparable to the story of Jesus feeding of the five thousand. The way Palmer breaks down the story of Jesus feeding of the five thousand and compares it to the world now really makes us think about some things. First of all, why have that many people, including myself, not thought about this and taken action. The assumption of scarcity really must have got a hold of society very fa


If society accepted the premise of abundance, the level of stress and worries in people's lives would not exist as much or as often. The people in the world would all be more on the same level in life instead of the "high class people" or the "low class people." Everyone would actually be a little more equal. There would not be as much fighting and competing. Everyone would have a lot fun and actually even more time. People would have more time because they would not be trying to do everything by themselves. They would have friends in their community that cared and could help them with this or that or even make whatever they are doing a little more easier. The most important thing would be that there would not be as many people that don't have the things that they need like food, clothes, and shelter in the world. There would be more for all people.

st. The assumption of scarcity has been taken up by most everyone including myself. It would make a lot more sense if everyone would come together in little communities and help each other to develop abundance instead of everyone feeling threatened by anyone else and choosing to walk the road alone. When you are by yourself, you are liv

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Approximate Word count = 810
Approximate Pages = 3 (250 words per page double spaced)

Category: Science

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