economics

Get the Idea

If you want to be inspired by God – ask Him to reveal ways to generate more value than you extract. That is what your business is for – to generate more value than it extracts. God will inspire business… Read More ›

Darwinian Economics

What role does scarcity and competition play in the development and survival of a species.  Many assume that the competition for scarce resources always makes a species more fit.  According to Darwin’s theory, natural selection does favor the traits and… Read More ›

The Scarcity Heuristic:

Behavioral economists and psychologists have identified the scarcity heuristic as a mental shortcut whereby people place value on an item based on how easily it might be lost, especially to competitors.  The scarcity heuristic does not only apply to a… Read More ›