Economics of Choice

an improved understanding of the fundamental relationship between resource scarcity, the opportunity to pursue happiness, and short- and long-term growth is critical to narrowing the political chasm and finding a solution. the new economics of choice model is needed because rising u.s. debt and asset prices combined with a decline in economic output may lead to an economic depression, and a depression combined with the widening chasm between the right and left is fertile ground for severe unrest and possibly war. this is exacerbated because climate change and increasing natural resource scarcity will almost certainly increase volatility.