Quote:
Originally Posted by ebacon
Abundance is more than a theory. It is the underpinning of changes to our laws and international trade agreements since the 1960s.
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OK, but things that are seemingly abundant at one moment can become scarce (e.g., corn in the current drought). Does a sense of abundance drive policy? Sure (i.e.,the corn ethanol program). However, I'm still not sure that this makes "abundance" a coherent economic theory (if there even is such a thing).