common way that societies allocate scarce goods
One is not used to thinking of one's own body in terms of a scarce good
, but in imagining the most ideal situation one could ever hope for, the Garden of Eden, it becomes possible to realize that one's body is indeed the prototype of a scarce good
for the use of which property rights, i.
It is true that the natural order is not a scarce good
because it applies equally and perpetually to everyone.
In this case, the law does not protect property over a scarce good
, since the scarcity is created by the law itself.
CARACAS, Rajab 26, 1436, May 15, 2015, SPA -- A major pharmacy chain has started fingerprinting customers in Caracas, as Venezuela's socialist government tries to halt smugglers and resellers from stocking up on scarce goods
from toilet paper to medicines, Reuters reported.
Users with excellent reputations gain access to scarce goods
Although Sandel is fuzzy on the specifics, he wants an enlightened debate to determine whether other people should be allowed to use prices when they cooperate or allocate scarce goods
We are motivated to acquire scarce goods
and resources that bolster a sense of well-being.