> I soon discovered that all the books leaned on the same central argument: value is an inherent consequence of scarcity. My rebuttal to that was simple: it’s an exception, not a rule. My kids’ doodles are scarce, but in a gallery, they wouldn’t fetch much. Alas, while this made for a solid Twitter quip, it wasn’t enough for an in-depth post.

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource. Your kids doodles aren't scarce because there is no demand for them.

How did the author read 11 books on NFT's and not know this lol? The books must have been all very bad or the article author just skimmed thru them.

Interesting article other than that tho.