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Scarcity and choice — incentives
economics
Economics begins where wants exceed means: agents choose under scarcity, weighing costs against benefits and responding to incentives. Every price is a choice summed over many minds. Rests on the mind.
source
Narrow Highway — economics
card id
card_econ_scarcity_choice
address
WIT.codex.FCT/scarcity-and-choice-incentives/REF.WITNESSED@narrow-highway
adjoining cards
- part of → Economics — minds that choose, meeting scarcity — a pillar of economics (Scarcity and choice)
- connects at → The mind — matter aware of itself — agents who choose - economics is minds responding to incentives under scarcity
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