John Bossange and Jerry Ward argue in their Dec. 29 commentary, “Hijacking the Abundance Myth,” that Vermont leaders are misusing Ezra Klein’s Abundance. That claim starts with their misreading of the ...

Using Scarcity to Persuade and Influence The persuasive power of making something appear scarce, limited, or hard to obtain was first reviewed by Cialdini (2009). By surveying the scholarly research ...

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 ...