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Scarcity : The New Science of Having Less and How It Defines Our Lives

Sendhil Mullainathan, Eldar Shafir

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Scarcity : The New Science of Having Less and How It Defines Our Lives

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  • Financial Times Business Book of the Year Nominee for Longlist (2013)
  • William James Book Award (2014)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Scarcity : The New Science of Having Less and How It Defines Our Lives

Regular price
Unit price
per
Condition guide
ISBN: 9781250056115
Publisher: Picador
Date of Publication: 2014-11-04
Format: Paperback
Goodreads rating: 3.94
(rated by 6664 readers)

Description

A surprising and intriguing examination of how scarcity--and our flawed responses to it--shapes our lives, our society, and our cultureWhy do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all examples of a mind-set produced by scarcity.Drawing on cutting-edge research from behavioral science and economics, Mullainathan and Shafir show that scarcity creates a similar psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before. Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus.Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive. Their book provides a new way of understanding why the poor stay poor and the busy stay busy, and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.
 

  • Financial Times Business Book of the Year Nominee for Longlist (2013)
  • William James Book Award (2014)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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