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> healthcare, day care, basic housing, etc. are not scarce “Scarce” in economics doesn’t mean “rare”, it means “has a non-zero marginal cost” and usually “has
by wyager 9y ago
> healthcare, day care, basic housing, etc. are not scarce
“Scarce” in economics doesn’t mean “rare”, it means “has a non-zero marginal cost” and usually “has a concave supply curve”.
- jopsen 9y agoMy point wasn't to say that these were free. Merely that they idea that everybody can't have it, and there it must be rationed by economic means is a little crazy. We can't all have private jets; but efficiency gains in food production suggests we can easily produce enough food. We are choosing not to distribute it.