Any Way You Slice It: The Past, Present, and Future of Rationing

Rationing: it’s a word—and idea—that people often loathe and fear. Health care expert Henry Aaron has compared mentioning the possibility of rationing to “shouting an obscenity in church.” Yet societies in fact ration food, water, medical care, and fuel all the time, with those who can pay the most getting the most. As Nobel Prize–winning economist Amartya Sen has said, the results can be “thoroughly unequal and nasty.”

In Any Way You Slice It, Stan Cox shows that rationing is not just a qua...