2 ms·
No, there is no reason to assert that scarcity determined importance. Air is not really scarce, yet it remains paramount - because it has real value. Time is a
by mdp2021 4y ago
No, there is no reason to assert that scarcity determined importance. Air is not really scarce, yet it remains paramount - because it has real value. Time is a crucial resource: more useful time, more wealth; less, less wealth.
If one felt a resource is not to be wasted just because of scarcity, that would be a subjective naïve misperception.
- lifeinthevoid 4y agoI didn't generalize that scarcity equals value though. Time is valuable to me, because it is scarce.
- mdp2021 4y agoTime remains of value even when abundant. The logic that is valid for resources is valid for the instance of resource which is time.