By Lyla Mehta
Shortage is taken into account a ubiquitous characteristic of the human . It underpins a lot of contemporary economics and is favourite as an evidence for social company, social clash and the source crunch confronting humanity's survival on the earth. it's made out to be an all-pervasive truth of our lives – be it of housing, meals, water or oil. yet has the perception of shortage been politicized, naturalized, and universalized in educational and coverage debates? Has overhasty recourse to shortage evoked a regular set of marketplace, institutional and technological strategies that have blocked out political contestations, overlooking entry as a sound concentration for educational debates in addition to guidelines and interventions? Theoretical and empirical chapters by means of best lecturers and scholar-activists grapple with those concerns by way of wondering scarcity's taken-for-granted nature. They study shortage debates throughout 3 of crucial assets - nutrients, water and effort – and their implications for idea, institutional preparations, coverage responses and innovation platforms.
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Extra info for The Limits to Scarcity: Contesting the Politics of Allocation
To do so is intellectually dangerous. It is to question the underlying world views upon which each of these narratives, and the policies that flow from them, depend. Scarcity in neoclassical economics is the relative scarcity of one good in relation to another, which drives the allocation decisions of consumers. The idea of scarcity in the limits-to-growth narrative, and its technical extension in ecological economics, is not relative, but generalized. Under the neoclassical assumption of relative scarcity, there is an infinite potential to substitute abundant materials for scarce ones.
Uk Ben Fine is a professor of economics at the School of Oriental and African Studies (SOAS), and the author of numerous books, including Theories of Social Capital: Researchers Behaving Badly, 2010; From Economics Imperialism to Freakonomics: The Shifting Boundaries between Economics and Other Social Sciences, 2009, co-authored with Dimitris Milonakis and awarded the Deutscher Memorial Prize; and From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory, also with Milonakis, 2009, awarded the Gunnar Myrdal Prize.
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The Limits to Scarcity: Contesting the Politics of Allocation by Lyla Mehta