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Scarcity Audiobook

Scarcity: Why Having Too Little Means So Much

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Publisher's Summary

In the blockbuster tradition of Freakonomics, a Harvard economist and a Princeton psychology professor team up to offer a surprising and empowering new way to look at everyday life, presenting a paradigm-challenging examination of how scarcity - and our flawed responses to it - shapes our lives, our society, and our culture.

Why do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mindset produced by scarcity.

Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before.

Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus.

©2013 Ellen Hopkins (P)2013 Simon & Schuster

What Members Say

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  •  
    R. Wood 09-13-16
    R. Wood 09-13-16 Member Since 2014
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    "now I understand me"

    helped me to understand my own habits and why I have them. Very insightful, made me want to change.

    5 of 5 people found this review helpful
  •  
    Zhen Zhu 09-30-16
    Zhen Zhu 09-30-16 Member Since 2017
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    "Super interesting. Time to start saving money."

    Love it. While lots of people complain about the weak economy, high employment rate, and too many people drawing welfare, they don't put themselves into a situation where scarcity, tunneling are hurting those poor people. This book provided a unique perspective on tackling social problem, public administration, business issues. Strongly recommended to friends and family. Much betyer than reading celebrity's biography.

    4 of 4 people found this review helpful
  •  
    Rebecca 10-06-15
    Rebecca 10-06-15
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    "A must read that I will read again and share"

    This book is very informative and holds useful information for everyone, literally. From the rich to the poor, highly educated to the uneducated, the information in this tool should be in every home, degree program, social service provider and boardroom.

    2 of 2 people found this review helpful
  •  
    Gray Miller Madison, WI 07-31-15
    Gray Miller Madison, WI 07-31-15 Member Since 2016
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    "Totally paradigm-changing"

    I loved Robert Petkoff's narration, but more than that the content of this book gave me a new model to apply to many things. I've been exploring it in my blog, in my journal, and in my life, and I found their humility engaging as they explored this "new" idea of scarcity. Highly recommended.

    2 of 2 people found this review helpful
  •  
    Shahar Even Yehuda, Israel 10-07-16
    Shahar Even Yehuda, Israel 10-07-16 Member Since 2015
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    "thought provoking and applicable to everyday life."

    This book made me think about my life and about the people around me in a different way. As a clinical psychologist, it made me think differently about my clients and address their problems according to the scarcity psychology. highly recommended

    3 of 4 people found this review helpful
  •  
    JAMES W WIEDMAN 10-03-13 Member Since 2010
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    "Can't Wait For the Sequel"

    This was an enlightening book. My only complaint is that the authors suggested the most interesting question at the very end of the book. I hope they are researching a second book now.

    1 of 1 people found this review helpful
  •  
    Kevin JUPITER, FL, United States 09-18-13
    Kevin JUPITER, FL, United States 09-18-13
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    "solid, thoughtful, accessible, interdisciplinary"
    What did you love best about Scarcity?

    The combination of scholarship with anecdote makes for a work which is entertaining as well as informative.The construct of scarcity is an emergent from the collaboration of two smart minds in the developing field of behavioral economics. It matters. This is one I will likely share with my students and my family


    3 of 4 people found this review helpful
  •  
    Jason A Melone 08-28-17 Member Since 2016
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    "All theory"

    While the authors did their research they fail to offer practical advice to make the learnings relevant.

    0 of 0 people found this review helpful
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    Justin Rhinehart 07-09-17 Member Since 2017
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    "Well-written and extremely interesting"

    I enjoyed this entire book. The authors do a great job explaining economic concepts for a lay audience. While there are some political implications to their theories and they do suggest som policy approaches, they do a good job of not getting lost in the tall weeds of politics outside of a social science tool. As for content, I wondered at times if there is a component of applying new terminology to some standard economic principles. But, they present historical and new data from empirical studies that are very impressive to me as not being classically trained in the science of economics (aka, the study of scarcity).

    0 of 0 people found this review helpful
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    Felix Rust Cambridge, MA United States 06-27-17
    Felix Rust Cambridge, MA United States 06-27-17 Member Since 2015
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    "Had to stop running to take notes!"

    I often listen to business books while I run. I started this one with a sense of duty. But it was so fascinating, specific, and relevant, that I kept having to stop and take important notes. This book wrecked my run pace. Highly recommended.

    0 of 0 people found this review helpful

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