The pandemic and the care economy


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“Scarce Resources, Multiple Needs.” That was the simplified rule, 40 years ago, to recall the most popular definition of economics, that of the British professor Lionel Robbins: “Economics is a social science that studies the management of scarce resources to satisfy multiple needs.” Since then, things have changed a lot, but the question of what is the scarce resource remains. In 1971, Herbert A. Simon coined the term ‘attention economy’ and postulated that this was ‘the bottleneck of thought’. Attention is one of the critical elements of the modern economy and the pandemic brought radical changes. Before the pandemic, the time spent on devices in the US was expected to

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