Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

Two words seem to preoccupy economists, who consider themselves the high priests of social sciences: scarcity and money. The first word has wreaked havoc on our socio-economic systems. We always think ...

There's a debate about the meaning of economic scarcity going on all over the Web, most recently set off by Chris Anderson's "Economy of Abundance" talk at Pop!Tech, that David Hornik and Ross ...