Abundance and Scarcity: Neoclassical Economic Thought

  • Ayman Reda
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)


This chapter examines the central role of scarcity in the neoclassical economic paradigm. The chapter highlights the neoclassical association of wealth and scarcity, and the connections such an association has with the changing nature and outlook of the economics discipline. The views surveyed include those of Karl Menger, Leon Walras, Alfred Marshall, Frank Knight, John Maynard Keynes, and Lionel Robbins.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ayman Reda
    • 1
  1. 1.EconomicsThe University of Michigan - DearbornDearbornUSA

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