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" To be free from a scarcity trap, it is not enough to have more resources than desires on average. It is as important to have enough slack (or some other mechanism) for handling the big shocks that may come one’s way at any moment. Social scientists—and especially economists—have understood for quite some time the importance of uncertainty "

Sendhil Mullainathan , Scarcity: Why Having Too Little Means So Much


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Sendhil Mullainathan quote : To be free from a scarcity trap, it is not enough to have more resources than desires on average. It is as important to have enough slack (or some other mechanism) for handling the big shocks that may come one’s way at any moment. Social scientists—and especially economists—have understood for quite some time the importance of uncertainty