Scarcity: The True Cost of Not Having Enough

3.89 avg rating
( 2,445 ratings by Goodreads )
 
9780141049199: Scarcity: The True Cost of Not Having Enough

A surprising and intriguing examination of how scarcity―and our flawed responses to it―shapes our lives, our society, and our culture

Why 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.

"synopsis" may belong to another edition of this title.

About the Author:

Sendhil Mullainathan, a professor of economics at Harvard University, is a recipient of a MacArthur Foundation "genius grant" and conducts research on development economics, behavioral economics, and corporate finance. He lives in Cambridge, Massachusetts.

Eldar Shafir is the William Stewart Tod Professor of Psychology and Public Affairs at Princeton University. He conducts research in cognitive science, judgment and decision-making, and behavioral economics. He lives in Princeton, New Jersey.

Review:

“Extraordinarily illuminating. . . . Mullainathan and Shafir have made an important, novel, and immensely creative contribution.” ―Cass R. Sunstein, The New York Review of Books

“Sendhil Mullainathan and Eldar Shafir offer groundbreaking insights into, among other themes, the effects of poverty on cognition and our ability to make choices about our lives.” ―Samantha Power, The Wall Street Journal

Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live.” ―Steven D. Levitt, coauthor of Freakonomics

“Compelling, important ... Scarcity is likely to change how you view both entrenched poverty and your own ability -- or inability --to get as much done as you'd like... It's a handy guide for those of us looking to better understand our inability to ever climb out of the holes we dig ourselves, whether related to money, relationships, or time.” ―The Boston Globe

“Sendhil Mullainathan and Eldar Shafir are stars in their respective disciplines, and the combination is greater than the sum of its parts. Together they manage to merge scientific rigor and a wry view of the human predicament. Their project has a unique feel to it: it is the finest combination of heart and head that I have seen in our field.” ―Daniel Kahneman, author of Thinking, Fast and Slow

“The scarcity phenomenon is good news because to a certain extent, we can design our way around it...What's particularly useful about the idea of scarcity is that it is overarching; ease that burden, and people will be better able to deal with all the rest.” ―The New York Times

“Sendhil Mullainathan and Eldar Shafir show how the logic of scarcity applies to rich and poor, educated and illiterate, Asian, Western, Hispanic, and African cultures alike. They offer insights that can help us change our individual behavior and that open up an entire new landscape of public policy solutions. A breathtaking achievement!” ―Anne-Marie Slaughter, professor emerita, Princeton University, and president and CEO of the New America Foundation

“A key point of Mullainathan and Shafir's work is that we may all experience different kinds of scarcity, accompanied by the same hyper-narrow focus and costs in lost attention elsewhere.” ―The Atlantic

“Here is a winning recipe. Take a behavioral economist and a cognitive psychologist, each a prominent leader in his field, and let their creative minds commingle. What you get is a highly original and easily readable book that is full of intriguing insights. What does a single mom trying to make partner at a major law firm have in common with a peasant who spends half her income on interest payments? The answer is scarcity. Read this book to learn the surprising ways in which scarcity affects us all.” ―Richard H. Thaler, University of Chicago, coauthor of Nudge

“[Mullainathan and Shafir] examine how having too little of something first inspires focused bursts of creativity and productivity--consider how looming deadlines can motivate us. But a long-term dearth can result in fixations that hinder our decision-making...Less is not necessarily more.” ―Discover Magazine

“With a smooth blend of stories and studies, Scarcity reveals how the feeling of having less than we need can narrow our vision and distort our judgment. This is a book with huge implications for both personal development and public policy.” ―Daniel H. Pink, author of Drive and To Sell Is Human

Scarcity is certain to gain popularity and generate discussion because it hits home. Everyone has experienced scarcity, and the research cited will likely alter every reader's worldview.” ―American Scientist's "Scientists' Bookshelf"

“Insightful, eloquent, and utterly original, Scarcity is the book you can't get enough of. It is essential reading for those who don't have the time for essential reading.” ―Daniel Gilbert, Edgar Pierce Professor of Psychology, Harvard University, and author of Stumbling on Happiness

“The book's unified theory of the scarcity mentality is novel in its scope and ambition.” ―The Economist

“A pacey dissection of a potentially life-changing subject.” ―Time Out London

“A succinct, digestible and often delightfully witty introduction to an important new branch of economics.” ―New Statesman

“One of the most significant economics books of the year.” ―Tyler Cowen, Marginal Revolution

“The struggle for insufficient resources--time, money, food, companionship--concentrates the mind for better and, mostly, worse, according to this revelatory treatise on the psychology of scarcity . . . The authors support their lucid, accessible argument with a raft of intriguing research . . . and apply it to surprising nudges that remedy everything from hospital overcrowding to financial ignorance . . . Insightful.” ―Publishers Weekly (starred review)

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Sendhil Mullainathan, Eldar Sharif
Published by Penguin Books Ltd, United Kingdom (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Paperback Quantity Available: 10
Seller
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd, United Kingdom, 2014. Paperback. Book Condition: New. Language: English . Brand New Book. Sendhil Mullainathan, the most interesting young economist in the world , and Eldar Shafir, the most brilliant psychologist of his generation, explain the hidden problem behind everything with Scarcity Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? Here, economist Sendhil Mullainathan and psychologist Eldar Shafir reveal that the hidden side behind all these problems is that they re all about scarcity. Using the new science of scarcity, they explain why obesity is rampant; why people find it difficult to sleep when most sleep deprived; and why the lonely find it so hard to make friends. Scarcity will change the way you think about both the little everyday tasks and the big issues of global urgency. Stars in their respective disciplines, and the combination is greater than the sum of its parts. Their project has a unique feel to it: it is the finest combination of heart and head that I have seen in our field - Daniel Kahneman, author of Thinking, Fast and Slow Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live - Steven D. Levitt, coauthor of Freakonomics An ultimately humane and very welcome book - Oliver Burkeman, Guardian Sendhil Mullainathan is a Professor of Economics at Harvard, and a recipient of a MacArthur Foundation genius grant . He conducts research on development economics, behavioural economics, and corporate finance. He is Executive Director of Ideas 42, Institute of Quantitative Social Science, Harvard University. Eldar Shafir is William Stewart Tod Professor of Psychology and Public Affairs at Princeton University. Most of his work focuses on descriptive analyses of inference, judgment, and decision making, and on issues related to behavioural economics. Bookseller Inventory # APG9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
7.63
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Sendhil Mullainathan, Eldar Sharif
Published by Penguin Books Ltd, United Kingdom (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Paperback Quantity Available: 1
Seller
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd, United Kingdom, 2014. Paperback. Book Condition: New. Language: English . Brand New Book. Sendhil Mullainathan, the most interesting young economist in the world , and Eldar Shafir, the most brilliant psychologist of his generation, explain the hidden problem behind everything with Scarcity Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? Here, economist Sendhil Mullainathan and psychologist Eldar Shafir reveal that the hidden side behind all these problems is that they re all about scarcity. Using the new science of scarcity, they explain why obesity is rampant; why people find it difficult to sleep when most sleep deprived; and why the lonely find it so hard to make friends. Scarcity will change the way you think about both the little everyday tasks and the big issues of global urgency. Stars in their respective disciplines, and the combination is greater than the sum of its parts. Their project has a unique feel to it: it is the finest combination of heart and head that I have seen in our field - Daniel Kahneman, author of Thinking, Fast and Slow Scarcity is a captivating book, overflowing with new ideas, fantastic stories, and simple suggestions that just might change the way you live - Steven D. Levitt, coauthor of Freakonomics An ultimately humane and very welcome book - Oliver Burkeman, Guardian Sendhil Mullainathan is a Professor of Economics at Harvard, and a recipient of a MacArthur Foundation genius grant . He conducts research on development economics, behavioural economics, and corporate finance. He is Executive Director of Ideas 42, Institute of Quantitative Social Science, Harvard University. Eldar Shafir is William Stewart Tod Professor of Psychology and Public Affairs at Princeton University. Most of his work focuses on descriptive analyses of inference, judgment, and decision making, and on issues related to behavioural economics. Bookseller Inventory # APG9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
7.95
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Sendhil Mullainathan
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Quantity Available: 10
Seller
BWB
(Valley Stream, NY, U.S.A.)
Rating
[?]

Book Description Book Condition: New. Depending on your location, this item may ship from the US or UK. Bookseller Inventory # 97801410491990000000

More Information About This Seller | Ask Bookseller a Question

Buy New
7.96
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

Mullainathan, Sendhil
Published by Penguin Books
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Softcover Quantity Available: 10
Seller
Sunshine Book Store
(Wilmington, DE, U.S.A.)
Rating
[?]

Book Description Penguin Books. Book Condition: New. 0141049197 Brand New, Paperback, Choose Expedited shipping for GUARANTEED delivery within 4-5 business days. Standard Delivery within 6-14 business days. We may not ship to PO Box, APO , FPO Address, please contact us. Customer satisfaction guaranteed. Bookseller Inventory # SO_9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
9.27
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

5.

Sendhil Mullainathan
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Paperback Quantity Available: 10
Seller
US_Superfast_Bookstore
(New Castle, DE, U.S.A.)
Rating
[?]

Book Description Paperback. Book Condition: New. Brand New Paperback Same Title Author and Edition as listed. Standard Delivery within 6-14 business days ACROSS THE GLOBE. Access code/CD may not provided with these editions. We may ship the books from multiple warehouses across the globe including Asia depending upon the availability of inventory. Printed in English. Bookseller Inventory # O_9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
7.57
Convert Currency

Add to Basket

Shipping: 2.03
Within U.S.A.
Destination, Rates & Speeds

6.

Sendhil Mullainathan, Eldar Shafir
Published by Penguin 2014-09-04 (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Quantity Available: 5
Seller
Chiron Media
(Wallingford, United Kingdom)
Rating
[?]

Book Description Penguin 2014-09-04, 2014. Book Condition: New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. Bookseller Inventory # NU-GRD-05132524

More Information About This Seller | Ask Bookseller a Question

Buy New
6.79
Convert Currency

Add to Basket

Shipping: 2.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Sendhil Mullainathan, Eldar Shafir
Published by Penguin Books Ltd 2014-09-04, London (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New paperback Quantity Available: 5
Seller
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd 2014-09-04, London, 2014. paperback. Book Condition: New. Bookseller Inventory # 9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
7.64
Convert Currency

Add to Basket

Shipping: 3
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Shafir, Eldar, Mullainathan, Sendhil
Published by Penguin (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Paperback Quantity Available: 9
Seller
The Monster Bookshop
(Fleckney, United Kingdom)
Rating
[?]

Book Description Penguin, 2014. Paperback. Book Condition: New. BRAND NEW ** SUPER FAST SHIPPING FROM UK WAREHOUSE ** 30 DAY MONEY BACK GUARANTEE. Bookseller Inventory # mon0001394738

More Information About This Seller | Ask Bookseller a Question

Buy New
8.89
Convert Currency

Add to Basket

Shipping: 1.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

SHAFIR SENDHIL MU
Published by PENGUIN BOOKS
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Softcover Quantity Available: 3
Seller
Kennys Bookstore
(Olney, MD, U.S.A.)
Rating
[?]

Book Description PENGUIN BOOKS. Book Condition: New. Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? This book reveals that the hidden side behind all these problems is that they're all about scarcity. Num Pages: 304 pages. BIC Classification: KCY; VSP. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 198 x 122 x 17. Weight in Grams: 228. . 2014. Paperback. . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
11.80
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

10.

SHAFIR SENDHIL MU
Published by PENGUIN BOOKS (2014)
ISBN 10: 0141049197 ISBN 13: 9780141049199
New Softcover Quantity Available: 3
Rating
[?]

Book Description PENGUIN BOOKS, 2014. Book Condition: New. Why can we never seem to keep on top of our workload, social diary or chores? Why does poverty persist around the world? Why do successful people do things at the last minute in a sudden rush of energy? This book reveals that the hidden side behind all these problems is that they're all about scarcity. Num Pages: 304 pages. BIC Classification: KCY; VSP. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 198 x 122 x 17. Weight in Grams: 228. . 2014. Paperback. . . . . . Bookseller Inventory # V9780141049199

More Information About This Seller | Ask Bookseller a Question

Buy New
11.91
Convert Currency

Add to Basket

Shipping: FREE
From Ireland to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book