Scarcity

Doug Henwood dhenwood at panix.com
Sun Apr 8 13:06:54 PDT 2001


Brad DeLong wrote:


>>In message <p0500191bb6f4544fa9e5@[140.254.114.190]>, Yoshie Furuhashi
>><furuhashi.1 at osu.edu> writes
>>>>>Could you tell us why you think scarcity is inescapable?
>>
>>Justin, wisely:
>>
>>>>We will never live on the Great Rock Candy Mountain, where roast
>> >>chickens grow on trees and fish jump into our frying pans.
>
>But--from the perspective of any previous millennium--we do live on
>Big Rock Candy Mountain...

But does it feel that way? There's no evidence that increases in wealth, beyond a certain minimum, make people happier (or lead them to report themselves as being happier). There's no satisfaction in satisfaction, as Freud put it.

Doug



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