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 limited resources (time, money, etc) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...