Scarcity in the age of abundance:paradox and remedies

Purpose This paper aims to examine the concepts of scarcity and abundance from an interdisciplinary perspective. It argues that the idea of economics, as the study of human behavior with regard to scarce resources and unlimited wants, leads to competition, confrontation and conflict, whereas the na...

Full description

Bibliographic Details
Main Authors:	Rafikov, Ildus, Akhmetova, Elmira
Format:	Article
Language:	English English English
Published:	Emerald Group Publishing Ltd. 2019
Subjects:	BJ1188 Religious ethics BJ1365 Positivist ethics BP173.75 Islam and economics HB238 Competition. Production. Wealth HB501 Capital. Capitalism HB75 History of economics. History of economic theory HB801 Consumption. Demand
Online Access:	http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/1/67454_Scarcity%20in%20the%20age%20of%20abundance.pdf http://irep.iium.edu.my/67454/7/67454_Scarcity%20in%20the%20age%20of%20abundance_SCOPUS.pdf http://irep.iium.edu.my/67454/8/67454_Scarcity%20in%20the%20age%20of%20abundance_WOS.pdf

id	iium-67454
recordtype	eprints
spelling	iium-674542019-03-19T08:09:50Z http://irep.iium.edu.my/67454/ Scarcity in the age of abundance:paradox and remedies Rafikov, Ildus Akhmetova, Elmira BJ1188 Religious ethics BJ1365 Positivist ethics BP173.75 Islam and economics HB238 Competition. Production. Wealth HB501 Capital. Capitalism HB75 History of economics. History of economic theory HB801 Consumption. Demand Purpose This paper aims to examine the concepts of scarcity and abundance from an interdisciplinary perspective. It argues that the idea of economics, as the study of human behavior with regard to scarce resources and unlimited wants, leads to competition, confrontation and conflict, whereas the nature of humans is that of kindness, cooperation and sharing. Design/methodology/approach The paper uses content analysis of texts from multiple disciplines, using both deductive and inductive logic, to study the situation of scarcity and abundance, explore reasons and offer remedies. The paper consists of seven sections, five of which are the main discussion. Section 2 looks at the concepts of scarcity and abundance. Section 3 presents reasons for scarcity: economic and behavioral. Section 4 discusses the civilization perspective of poverty and wealth. Section 5 briefly looks at sustainable development and good governance. Section 6 argues in favor of simplicity and spirituality as remedies for the problem of scarcity, and Section 7 concludes the paper. Findings The paper demonstrates the relativity of the concepts of scarcity and abundance, points out the paradox of the modern consumer economies and argues that simplicity, spirituality and universal values are necessary to remedy the ills of overconsumption/overproduction, waste and inequality. Originality/value This paper offers spirituality and ethics-based remedies for the negative consequences of neo-classical economics and social Darwinism. Emerald Group Publishing Ltd. 2019-02-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/67454/1/67454_Scarcity%20in%20the%20age%20of%20abundance.pdf application/pdf en http://irep.iium.edu.my/67454/7/67454_Scarcity%20in%20the%20age%20of%20abundance_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/67454/8/67454_Scarcity%20in%20the%20age%20of%20abundance_WOS.pdf Rafikov, Ildus and Akhmetova, Elmira (2019) Scarcity in the age of abundance:paradox and remedies. International Journal of Ethics and Systems, 35 (1). pp. 119-132. ISSN 2514-9369 E-ISSN 2514-9377 https://www.emeraldinsight.com/doi/pdfplus/10.1108/IJOES-07-2018-0097 10.1108/IJOES-07-2018-0097
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	BJ1188 Religious ethics BJ1365 Positivist ethics BP173.75 Islam and economics HB238 Competition. Production. Wealth HB501 Capital. Capitalism HB75 History of economics. History of economic theory HB801 Consumption. Demand
spellingShingle	BJ1188 Religious ethics BJ1365 Positivist ethics BP173.75 Islam and economics HB238 Competition. Production. Wealth HB501 Capital. Capitalism HB75 History of economics. History of economic theory HB801 Consumption. Demand Rafikov, Ildus Akhmetova, Elmira Scarcity in the age of abundance:paradox and remedies
description	Purpose This paper aims to examine the concepts of scarcity and abundance from an interdisciplinary perspective. It argues that the idea of economics, as the study of human behavior with regard to scarce resources and unlimited wants, leads to competition, confrontation and conflict, whereas the nature of humans is that of kindness, cooperation and sharing. Design/methodology/approach The paper uses content analysis of texts from multiple disciplines, using both deductive and inductive logic, to study the situation of scarcity and abundance, explore reasons and offer remedies. The paper consists of seven sections, five of which are the main discussion. Section 2 looks at the concepts of scarcity and abundance. Section 3 presents reasons for scarcity: economic and behavioral. Section 4 discusses the civilization perspective of poverty and wealth. Section 5 briefly looks at sustainable development and good governance. Section 6 argues in favor of simplicity and spirituality as remedies for the problem of scarcity, and Section 7 concludes the paper. Findings The paper demonstrates the relativity of the concepts of scarcity and abundance, points out the paradox of the modern consumer economies and argues that simplicity, spirituality and universal values are necessary to remedy the ills of overconsumption/overproduction, waste and inequality. Originality/value This paper offers spirituality and ethics-based remedies for the negative consequences of neo-classical economics and social Darwinism.
format	Article
author	Rafikov, Ildus Akhmetova, Elmira
author_facet	Rafikov, Ildus Akhmetova, Elmira
author_sort	Rafikov, Ildus
title	Scarcity in the age of abundance:paradox and remedies
title_short	Scarcity in the age of abundance:paradox and remedies
title_full	Scarcity in the age of abundance:paradox and remedies
title_fullStr	Scarcity in the age of abundance:paradox and remedies
title_full_unstemmed	Scarcity in the age of abundance:paradox and remedies
title_sort	scarcity in the age of abundance:paradox and remedies
publisher	Emerald Group Publishing Ltd.
publishDate	2019
url	http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/ http://irep.iium.edu.my/67454/1/67454_Scarcity%20in%20the%20age%20of%20abundance.pdf http://irep.iium.edu.my/67454/7/67454_Scarcity%20in%20the%20age%20of%20abundance_SCOPUS.pdf http://irep.iium.edu.my/67454/8/67454_Scarcity%20in%20the%20age%20of%20abundance_WOS.pdf
first_indexed	2023-09-18T21:35:45Z
last_indexed	2023-09-18T21:35:45Z
_version_	1777412809395535872

Scarcity in the age of abundance:paradox and remedies

Similar Items