S1: It's time for Midday Edition on Kpbs. Today , we are talking about the impact financial scarcity has on our psyche and how we spend money. I'm Jade Hindman. Here's to conversations that keep you ...

Economics is the study of how we use our scarce resources — like time and money — to achieve our goals. At the core of economics is the idea that “there is no free lunch” because we “can’t have it all ...

Scarcity is a pervasive condition of human existence. Everyday circumstances of limited resources (money and time) can make individuals experience a sense of scarcity. Scarcity functions like an ...

When people feel that their resources are scarce -- that they don't have enough money or time to meet their needs -- they often make decisions that favor short-term gains over long-term benefits.