Scarcity And Lack Of Scarcity

1278 Words Sep 29th, 2014 6 Pages
Everyone can relate to working under pressure, time is scarce as work is being finished at the last minute. People who don’t manage their time well often neglect their work and race against deadlines. This behavior is known as scarcity, which is expounded in the book Scarcity: Why Having So Little Means So Much, written by Sendil Mullainathan and Eldar Shafir. Mullainathan and Shafir define scarcity as “having less than you feel you need”(4). Scarcity alters perception of resources like time, which leads people to believe they do not have enough. Scarcity is composed of several components, the most significant being abundance, neglect, and slack. Abundance is a period where we waste time. Neglect is when we ignore “important but not urgent tasks”(Mullainathan and Shafir 117). Slack is a product of abundance that makes up for lost time, lack of it causes us to rush production. These three aspects are significant because they create scarcity. Scarcity can be found in social organizations, for students it is through school. The restriction a school sets can cause students scarcity. In my experience, I was assigned a research paper with a long deadline which made the task seem unimportant. I neglected taking advantage of the time to research the topic. Most high schools classes assign abundant deadlines that ultimately cause students to lose their sense of responsibility for their work. School structures cause abundance which leads to neglect and lack of slack which hinders our…

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