is from page 63 of GMU professor (and my graduate advisor) Chris Coyne’s 2013 book Doing Bad by Doing Good: Why Humanitarian Action Fails:
The core economic question is how decisions are made about how scarce resources will be allocated among competing uses. Scarcity necessitates choice, which in turn implies trade-offs since one use of scarce resources precludes another.
The fact resources are scarce is simply due to the face we do not live in Eden.
Thanks for the recommendation, Jon, I just ordered a use copy for $0.83.
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You cheap bastard (says the guy who got the book for free)
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