As we reach a world population of seven billion people this year, the doomsayers are warning about scarcity to come ... managing editor of the Journal of Economic Perspectives based in St ...

live in areas of physical scarcity, and 500 million people are approaching this situation. Another 1.6 billion people, or almost one quarter of the world's population, face economic water shortage ...

Ludwig von Mises, in his monumental book, "Human Action," defined economics as the study of human activity in a world of limited resources and unlimited wants. Mises develops the concept of praxeology ...