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WiM055 - The Hillebrand Series | Episode 4 | Justice and Reason
The "What is Money?" Show
Is There More Demand for the Good Than There Is the Good?
physical goods, their rivalrous, which i guess is just another way of saying scarce. There's a bit of a nuance here with the rivalrousness aspect, or the exclusivity, and the abundance, the quantity. These are two different aspects. And you can have goods that are rivalrous - this is enough to justify as a scarce good but they are so abundant. That makes it a scarce good, abundant, yet it's still a scarce good.
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