Scarcity: The New Science of Having Less and How It Defines Our Lives

Why Having Less Changes Everything — Including How You Think

Whether it's money, time, food, or companionship — scarcity shapes the mind in ways most of us never realize. It makes us sharper in some ways and dangerously blind in others. And understanding it could change everything about how you live, work, and make decisions.

Scarcity: The New Science of Having Less and How It Defines Our Lives by Harvard economist Sendhil Mullainathan and Princeton psychologist Eldar Shafir is a landmark work of behavioral science that reveals how the feeling of not having enough — of any resource — fundamentally alters human cognition and behavior.

"Will change the way you live." — Steven D. Levitt, co-author of Freakonomics

What You'll Discover

• Why scarcity creates a powerful "focus dividend" — and a devastating "bandwidth tax"
• How poverty, busyness, loneliness, and dieting all produce the same cognitive effects
• Why the poor make decisions that seem irrational — and why you would too in their situation
• How organizations and governments can redesign systems to help people escape scarcity traps
• Practical insights for managing your own time, money, and mental bandwidth more effectively

Perfect For

Readers of Thinking, Fast and Slow, Freakonomics, and Nudge. Essential reading for economists, policymakers, managers, and anyone who has ever felt stretched too thin.

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