CHAPTER 1 THE AMAZING THEORY OF RAW-MATERIAL SCARCITY The Great Toy Shortage Forget it, Virginia. Santa won't be leaving a "Star Wars" R2-D2 doll under the tree this year - just an I.O.U. promising you one at some vague time between February and June. Don't count on a Mego Micronaut kit for building your own robot either, or a Milky the Marvelous Milking Cow, which drinks water when its tail is pumped, moos …
showed first 75 words of 1117 total

showed last 75 words of 1117 total
…us. Governments may prevent the price of a scarce material from rising high enough to "clear the market" - that is, to discourage enough buyers so that supply and demand come to be equal, as they ultimately will be in a free market. If so, there may be waiting lines or rationing, and these may also be taken as signs of scarcity. But though lines and rationing may Bibliography Young and gifted , but not talented