Tim McCarthy & BGF | Blog

Article of Interest - "The Science of Scarcity" by Cara Feinberg

Written by Tim McCarthy | Jun 27, 2015 4:31:00 PM

Editor’s Note: Thanks to Bob Miller for sending this to me, a deep and somewhat troubling article. We all knew that our own upbringing in relatively reasonable financial circumstance gave us advantages such as education, example and stability. But it had never really occurred to me such things as diet, neighbors and urgent problems caused by living in scarcity would make “even you and me” dumber. The article’s conclusions are not as certain to me as the findings of the research which intuitively make sense. Being stupid doesn’t necessarily make one poor but poverty may make one less aware and capable of rational decisions.

http://harvardmagazine.com/2015/05/the-science-of-scarcity