Abstract

This is an attempt to rationalise a fundamental category of modern neoclassical economics from a critical point of view using the tools of the modern institutional and evolutionary economic analysis. The scarcity concept of economic goods has been critically analysed in an evolutionary and biological context, as well as in general social and specific market context. A possible answer regarding its specific presence in the neoclassical economics has been suggested, as well as with regard to the absence of institutional projection within the analysis of the same theoretical doctrine.