But in many areas, scarcity is so profound it has huge societal impact.
They are not tales of aberrant individuals but of societal norms.
Maybe we need it as a release valve that lets off societal pressure ...
When confronted with any thorny societal problem, I apply the same basic thought process I used on the five topics of this book.
Calculating the actual, societal costs of fatty foods, alcohol, cars, pet ownership, mercury thermometers, air conditioning, solar panels, razor blades, jogging shoes, and ten thousand other things, and incorporating those costs in the prices as taxes would lead to a vastly more efficient allocation of resources.