Abundance: The Definition of Economics
Man moved from mud not because he had to, but because he wanted to. As the cold ravaged man’s body, he envisioned a state where this discomfort was absent. As hunger weakened man’s body, he envisioned a state where this hunger was sedated. Man’s entire life is about striving to move from a state of greater discomfort to a state of perceived lesser discomfort. In order to sustain man’s life, or rather act, man must implement means, or scarce resources, to reach his desired end goal. Without these resources, it would be impossible for man to act, and therefore man would die. In the economic sense, abundance is not about having more “stuff.” Someone could have a pile of rocks, but this abundance could not satisfy his thirst for water directly. Abundance, rather, is the condition in which a human actor has the proper resources to move from a greater state of uneasiness to a lesser state of uneasiness. An important part to remember is that humans act because they perceive...