Scarce Resources Quotes

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  • We must recognize that only scarce resources are ownable; second, that the body is a type of scarce resource; third, that the mode of acquiring title to external objects is different from the basis of ownership of one's own body.

    Titles   Different   Body  
    "Stephan Kinsella on the Logic of Libertarianism and Why Intellectual Property Doesn't Exist". Interview with Anthony Wile, www.thedailybell.com. March 18, 2012.
  • Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.

    Years   Skills   People  
  • If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.

    Llewellyn H. Rockwell Jr. (2013). “Fascism versus Capitalism”, p.79, Ludwig von Mises Institute
  • We must see ourselves in community with all other people at local, national and global levels. While this may seem superficially easy, it is actually not. Western culture, now globally dominant, has systematically trained us to think and act as though we are separate individuals, often in competition with each other for scarce resources of one sort or another, primarily money, which has be-come the perceived means to all we want and need in life.

    Mean   Thinking   People  
  • The most abundant resources that we possess amongst the 1.5 million nonprofits in the United States are passion and knowledge, yet our most scarce resource is collaboration.

  • Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.

    Walter E. Williams (2015). “American Contempt for Liberty”, p.351, Hoover Institution Press
  • Money is only important in a society when certain resources for survival must be rationed and the people accept money as an exchange medium for the scarce resources. Money is a social convention, an agreement if you will. It is neither a natural resource nor does it represent one. It is not necessary for survival unless we have been conditioned to accept it as such.

  • It is in fact necessary to reduce CO2 emissions. There is no reason why we shouldn't spend our vacations on (the North Sea island of) Sylt instead of in the Seychelles, or drive more economical cars - for the sake of preserving increasingly scarce resources if nothing else. But that won't enable us to stop climate change. As long as China, India and the United States continue the way they have been, what we Germans do is more or less irrelevant.

    Vacation   Islands   Sea  
    Source: www.spiegel.de
  • Set the basketball on the kitchen table. Open a cupboard, get out a bottle of sesame seeds, and place a single seed beside the basketball. If you were to reduce the Earth to the size of a basketball, all the fresh surface water on the planet - all those rivers and lakes and ponds and streams - would fit inside that one tiny sesame seed. Add a second sesame seed; now you have all the usable underground water as well. Is fresh water a scarce resource?

    William Ashworth (1995). “The economy of nature: rethinking the connections between ecology and economics”, Houghton Mifflin Harcourt (HMH)
  • If we do not change our negative habits toward climate change, we can count on worldwide disruptions in food production, resulting in mass migration, refugee crises and increased conflict over scarce natural resources like water and farm land. This is a recipe for major security problems.

    "Time for Passion and Strategy on Climate Change" by Michael Franti, www.huffingtonpost.com. May 26, 2009.
  • The critical thing about the design process is to identify your scarcest resource. Despite what you may think, that very often is not money. For example, in a NASA moon shot, money is abundant but lightness is scarce; every ounce of weight requires tons of material below. On the design of a beach vacation home, the limitation may be your ocean-front footage. You have to make sure your whole team understands what scarce resource you're optimizing.

    Beach   Team   Ocean  
    "Master Planner: Fred Brooks Shows How to Design Anything". Interview with Kevin Kelly, www.wired.com. July 28, 2010.
  • Economics is the study of how society manages its scarce resources.

    "Principles of Economics". Book by N. Gregory Mankiw, 2015.
  • Development is a fundamental part of our national security. It is extreme poverty - the realities of access to water and food - which creates the long-term drivers of our insecurity. Most wars are fought over scarce resources, and that is going to accelerate in the future.

    War   Reality   Long  
    "Rajiv Shah: Our aid work is for the American people". Interview with Madeleine Bunting, www.theguardian.com. June 15, 2011.
  • The most scarce resource we have these days is the idea.

    Source: www.motherjones.com
  • In the meantime, we see there are charities that spend much of their scarce resources that should be going directly to the children to overcome this gulf that separates them from both the donors and the needy.

  • When you think of all the conflicts we have - whether those conflicts are local, whether they are regional or global - these conflicts are often over the management, the distribution of resources. If these resources are very valuable, if these resources are scarce, if these resources are degraded, there is going to be competition.

  • The reality is we live in a world of scarce resources in this veil of tears, as Tony Abbott often describes the world, we have to be real, we have to accept that we can't spend as much money on everything as we would like and so we have chosen to re prioritise, to change spending.

    Real   Tears   Veils  
  • The libertarian view is that human actors are self-owners and these self-owners are capable of appropriating unowned scarce resources by Lockean homesteading − some type of first use or embordering activity. Obviously, an actor must already own his body if he is to be a homesteader; self-ownership is not acquired by homesteading but rather is presupposed in any act or defense of homesteading.

    Self   Views   Defense  
    "Stephan Kinsella on the Logic of Libertarianism and Why Intellectual Property Doesn't Exist". Interview with Anthony Wile, www.thedailybell.com. March 18, 2012.
  • As we are brought into God's extraordinary kingdom through ordinary means, we are remade, no longer fashioned as competitors for commodities in a world of scarce resources, but as co-sharers with Christ in the circulation of gifts that flows outward from its source without running out.

    Running   Mean   Ordinary  
    Source: www.biblegateway.com
  • The biggest shortage in the world is not oil or food­-it's leadership. Why is it such a scarce resource? Because egos get involved. Most people in top positions think they are better than somebody else, think they need something better than somebody else. It's economic assets, it's status, it's all those other things that prevent the people at the top from subordinating themselves totally to the people they lead. It is not socialism. Leaders get paid a lot more than those they lead, they get paid for their knowledge and skill...but they are no better as a person.

    Thinking   Skills   Oil  
  • We can no longer afford to consider air and water common property, free to be abused by anyone without regard to the consequences. Instead, we should begin now to treat them as scarce resources, which we are no more free to contaminate than we are free to throw garbage into our neighbor's yard.

    "Public Papers of the Presidents of the United States: Richard M. Nixon, 1970".
  • In a world of scarce resources, globalization without new technology is unsustainable.

    Peter Thiel, Blake Masters (2014). “Zero to One: Notes on Startups, or How to Build the Future”, p.9, Crown Business
  • An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

    "Bankers & Brokers Have Learned Nothing From the Current Crisis" by Joseph L. Shaefer, seekingalpha.com. May 13, 2009.
  • I don't believe that same-sex marriages would weaken heterosexual marriage. Marriage is not a scarce resource. I thought that conservatives worried about too few people choosing marriage, not too many.

    Sex   Believe   People  
    Source: www.newyorker.com
  • I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources and minimizes the regulatory burden on business.

    Believe   Choices   Risk  
  • The definition of the problem, rather than its solution, will be the scarce resource in the future.

    "Intellectual Value" by Esther Dyson, www.wired.com. July 1, 1995.
  • To live means to experience-through doing, feeling, thinking. Experience takes place in time, so time is the ultimate scarce resource we have. Over the years, the content of experience will determine the quality of life. Therefore one of the most essential decisions any of us can make is about how one's time is allocated or invested.

    Life   Mean   Thinking  
    Mihaly Csikszentmihalyi (1997). “Finding Flow: The Psychology of Engagement with Everyday Life”, p.8, Basic Books
  • I got to carve through the streets of New York's financial district and discover the awesome feeling of being part of a system where, the harder you worked, the more of those scarce resources you earned! I never looked back.

    Source: bobmorris.biz
  • Using the latest in science and technology to shatter today's economic paradigm of 'insatiable individuals competing for scarce resources,' Planetary Citizenship brings us full circle to the ancient wisdom of indigenous peoples and the sacredness of creation.

  • It takes time--loose, unstructured dreamtime-- to experience nature in a meaningful way. Unless parents are vigilant, such time becomes a scarce resource, not because we intend it to shrink, but because time is consumed by multiple, invisible forces; because our culture currently places so little value on natural play.

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