"But I think that misses a much deeper point, a point I first saw made by Thomas Sowell but I can't remember where. The point was that people always want more than they have. Always. It has nothing to do with the material age we live in. It has nothing to do with whether the economy is working well. Inevitably, our desires outstrip our resources."What do you think? This is certainly something I think every student in a microeconomics principles course hears.
Friday, March 24, 2006