3 ms·
> That seems to me like a strange, limited, and impractical definition of a shortage. Well, that's its definition, for better or worse. I didn't write the econ
by randomdata 10y ago
> That seems to me like a strange, limited, and impractical definition of a shortage.
Well, that's its definition, for better or worse. I didn't write the economics dictionary. I only can repeat it.
Is there reason to overload this particular word? While the implications of the scenarios you describe are clear, I'm not sure why it has to be "shortage" that represents it. Why not another word or term that encompasses those cases – unaffordable, perhaps – while leaving shortage to mean what it means?
- cauterized 10y agoWhy not let "shortage" have a vernacular meaning too? One that it already had before the field of economics adopted it for a more specific purpose?