Mason University in 2016.
The central problem of economics is scarcity, or at least that is how
the story is told. The basic argument is that we have infinite desires
but limited resources, and because we cannot have everything we want, we
must necessarily devise a system to distribute goods and resources.^1
<https://monthlyreview.org/2021/02/01/the-ecological-state/#en1>Enter
the efficient market economy, with its prices and wages set by the
magical forces of supply and demand, the supposed gatekeepers of the
warehouse of economic nirvana. There is a kernel of inadvertent truth
behind this narrative. Natural limits certainly impose absolute
scarcities that are impossible to overcome. There is only so much
uranium in the solar system, for example. And even if we synthesize
certain substances by using other substances, the total amount we can
produce will still be limited by the availability of the raw materials
going into the production process. We cannot beat energy conservation.
https://monthlyreview.org/2021/02/01/the-ecological-state/
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