Business from the inside out

An Economy of Scarcity?

by | Jul 30, 2014 | Cultural Creativity, Pay What It's Worth Pricing

photocredit: Paul Nicholson

Economic theory is based on the assumption of scarcity – why is that? Aren’t we, collectively, always creating and printing more money? It’s not a limited resource, so why do we use it like it is?

We can’t run out of it. It’s not clean water. Or pandas. We make it, and we can always make more of it. So why should we believe and act like it’s going to run out?

I make a conscious choice to live in a world of abundance, not scarcity. And that includes money.

In Paying What It’s Worth for the value you receive, you shift the traditional supply curve (based on scarcity) to one based on abundance. In not setting prices, you remove the false ceiling that’s been placed on your value, maximizing your return potential, and removing any self-imposed limits to it.

So why not forget that economy of scarcity story? Its plot is full of holes.

photo credit: Paul Nicholson

Tara Joyce

Written by Tara Joyce

In 2008, I started this blog as I began working for myself. It is a reflection of my innerpreneurial journey, growing myself to grow my business. ABOUT ME

More Words to tickle your fancy…

But What Words?

But What Words?

I am not with them. I am without. I witness the world being birthed anew. I know nothing more. I feel so much more. And so, I am without words. Unable to...

An Economy of Scarcity?

By Tara Joyce Time to Read: 1 min