What Does Economics Actually Teach You About Scarcity?

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Duke University professor, doctor william darrety junior has studied everything from work place discrimination solutions to generational wealth gaps and even colorism within racial distinctions. The big idea around scarcity is that we have a limited number of stuff. And so we have to maximise that, right? Some people would say that's actually not a really great way to think about the world - but i'm an ata to that on my face. Now, quantifying our decisions. How exciting is that? O, on the topic of quantities, i feel like the way that we learn economics, if we are not econmagors, is something about supply demand and scarcity being the red line of

Choices! Trade-offs! Money! How much should you save? And how much should stimulus checks be? Don’t be scared by the term “economics,” especially since it doesn’t end in -ology. This 2-part Economic Sociology bonanza addresses the behavior that motivates the fiscal systems of the world, from avocado toast to retirement funds. Economist, professor and “Freakonomics” co-author Steven Levitt joins to chat about why we learn too much of the wrong math and how everything from marriage to dinner parties involves little choices rooted in economic principles. Rising economics star and Harvard Fellow Anna Gifty Opoku-Agyeman graces us with her thoughts on macroeconomics, human capital, when to outsource your work and how she realized she loved Econ. Also: how these interviews helped me make one of my life’s biggest decisions.

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