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On Needs and Scarcity

By Bernard

We have the value, the fundamental of economic.  We also have the goods and services, and the wealth that everybody is looking for.  How to link these fundamentals together?

The economists have other fundamental notions that relate to the human nature and to the nature itself: 

  • the humans have unlimited needs and
  • the nature has limitation!

The economists are studying the needs and the scarcity, using the exchange value of the goods to arbitrate between them.  Let's see how we are doing it: 

  1. On Needs<
  2. Our Needs<
  3. On Scarcity<
  4. Our Scarcity<
  5. The Case of Water<
  6. The Case of Wood<
  7. On Value related to Need and Scarcity<