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> Intangible things aren't scarce. That's not true. Time is scarce. Good ideas are scarce (maybe because intelligence is scarce too). Beauty is scarce. Quality
by yiyus 6y ago
> Intangible things aren't scarce.
That's not true. Time is scarce. Good ideas are scarce (maybe because intelligence is scarce too). Beauty is scarce. Quality of life is scarce. Perfection is terribly scarce...
And I consider that I own my time, for example. I can either consume it myself or I can use it to serve something or someone, probably in exchange of some amount of money.
- unishark 6y agoIn terms of physics, the energy you expend when doing that work is the scarce quantity. Time is just the bookkeeping system. Good ideas are uncommon but I wouldn't call them scarce, since they can still break the rules of scarcity and multiply without bound (i.e. no true limit on the number of people having the exact same idea).
- yiyus 6y agoYou are taking an extremely theoretical point of view. There is also no theoretical limit in the number of cars we can produce, for example. I would even say that it is easier to produce a new car than a great idea.