Scarcities and Societal Objectives
Scarcity is essentially an excess of population over resources. ‘One cannot insist too often’, wrote William Vogt in his classic Road to Survival (1949), ‘that… population increase is, fundamentally, as much a physical process as though one burned down storehouses containing food.’ In short, we may sum up the concept of scarcity in the simple words spoken by Grettir in Louis MacNeice’s poem ‘Eclogue from Iceland’ (MacNeice, 1938, pp. 29–39): ‘too many people.’
KeywordsWoollen Cloth Social Invention Population Cycle Military Expenditure Federal Reserve System
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