After a period of extraordinary economic growth at the turn of the twenty-first century, the economy of Iceland collapsed into the deepest and most rapid peacetime fiscal crisis ever recorded. Seeing the development of the capital area through the lens of scarcity, triggered new urban and regional questions and ecological approaches to design. This book considers both the crash and its aftermath as an opportunity to distil an intense snapshot of how ecological and human systems are interrelated, and how different ways of wiring those systems might lead to better and more resilient solutions. This publication derives from a case study on the built environment in the Reykjavik capital area in the light of the financial meltdown in October 2008. It is the work of the participants in the case study and a number of invited contributors from different fields; researchers, artists and activists that offer different perspectives on the case. The case study is a part of a larger European project, Scarcity and Creativity in the built Environment (SCIBE), funded by HERA (Humanities in the European Research Area). The work presented suggests a new spirit of development applicable to various cultures and climates beyond Iceland.

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

ING_08 Review quote

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.

One of our most prescient political observers provides a sobering account of how pitched battles over scarce resources will increasingly define American politics in the coming years—and how we might avoid, or at least mitigate, the damage from these ideological and economic battles. In a matter of just three years, a bitter struggle over limited resources has enveloped political discourse at every level in the United States. Fights between haves and have-nots over health care, unemployment benefits, funding for mortgage write-downs, economic stimulus legislation—and, at the local level, over cuts in police protection, garbage collection, and in the number of teachers—have dominated the debate. Elected officials are being forced to make zero-sum choices—or worse, choices with no winners. Resource competition between Democrats and Republicans has left each side determined to protect what it has at the expense of the other. The major issues of the next few years—long-term deficit reduction; entitlement reform, notably of Social Security, Medicare, and Medicaid; major cuts in defense spending; and difficulty in financing a continuation of American international involvement—suggest that your-gain-is-my-loss politics will inevitably intensify.

Canadians are failing to balance reasonable food consumption with sufficient and sustainable production. The modern agricultural system is producing more and more food. Too much food. The cost is enormous: excess nutrients are contaminating the air and water; soil is being depleted; species loss is plunging us toward the sixth extinction; and farmers, racking up debt, are increasingly vulnerable to economic and climatic shifts. At the same time, people are consuming too much food. Two-thirds of health-care costs in Canada can be attributed to chronic diseases associated with unhealthy eating. And then there is the waste — householders, food processors, distributors, wholesalers, and retailers collectively waste 40 percent of the food produced. A radical rethink is required. We need to move from excess to enough.

How we became so burdened by red tape and unnecessary paperwork, and why we must do better. We've all had to fight our way through administrative sludge--filling out complicated online forms, mailing in paperwork, standing in line at the motor vehicle registry. This kind of red tape is a nuisance, but, as Cass Sunstein shows in Sludge, it can also also impair health, reduce growth, entrench poverty, and exacerbate inequality. Confronted by sludge, people just give up--and lose a promised outcome: a visa, a job, a permit, an educational opportunity, necessary medical help. In this lively and entertaining look at the terribleness of sludge, Sunstein explains what we can do to reduce it. Because of sludge, Sunstein, explains, too many people don't receive benefits to which they are entitled. Sludge even prevents many people from exercising their constitutional rights--when, for example, barriers to voting in an election are too high. (A Sludge Reduction Act would be a Voting Rights Act.) Sunstein takes readers on a tour of the not-so-wonderful world of sludge, describes justifications for certain kinds of sludge, and proposes "Sludge Audits" as a way to measure the effects of sludge. On balance, Sunstein argues, sludge infringes on human dignity, making people feel that their time and even their lives don't matter. We must do better.

Every price is set by someone; this is where economics begins. Building on that fundamental idea and on Ayn Rand's philosophy of Objectivism, Objective Economics transforms economics. The thesis of this book is that Ayn Rand's concept of "objective" is the indispensible base of valid economic thought. Consistently applying this idea across the board, the author reaches a general theory of price for the first time in the history of economic thought. This theory of price then provides a valid base for explaining how a free economy functions. Based on facts everyone knows, presented without graphs or higher mathematics, Objective Economics makes accessible to the intelligent layman a clear understanding of how the economy works. For everyone who found college economics impenetrable--and that is just about everyone--this is the book. The thesis of Objective Economics changes everything about economics, including economics' method, the conception of the economy, the meaning of competition, the idea of price, the nature of business costs, the concept of supply, the concept of demand, the law of supply and demand, the theory of price, and the theory of total national output. Overall, as the result of all the preceding, Objective Economics demonstrates that capitalism is the practical economic system.