Scarcity: How does cooperation solve problems? | Chapter 3

Published October 3, 2022

Scarcity is an ever-present fact of life, but modern society has been able to produce more than ever. What changed? Instead of relying on theft or violence to get what we need, we have more incentives to cooperate. The global economy relies on different companies, countries, individuals, and organizations all working together to exchange goods and meet needs—even if they don’t know it. How have successful societies made cooperation more rewarding than conflict?

Discussion Thread:

How does protecting property rights lead to the better allocation of resources? 

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