3min chapter

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Talent Is That Which Is Scarce — Tyler Cowen

The Joe Walker Podcast

CHAPTER

Why Context Is That Which Is Rare

Tyler Cowen: One of my favorite or recent favorite ideas is context is that which is scarce. The first thing that struck me was how long it took to discover basic economics concepts such as supply and demand, he says. "It's a very neat illustration of why context is important,"Cowen says.

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