#4788
Mentioned in 6 episodes
The Ultimate Resource
Book • 1981
In this book, Julian Simon argues against the notion that humanity is running out of natural resources.
He contends that as resources become scarcer, their prices rise, creating incentives for people to discover more resources, ration and recycle them, and develop substitutes.
Simon believes that human creativity and innovation are the ultimate resources, enabling economic growth and improving living standards despite population growth.
The book also discusses historical precedents of unfounded environmental fears and includes a famous wager with Paul Ehrlich that demonstrated the decline in real prices of commodity metals over time.
He contends that as resources become scarcer, their prices rise, creating incentives for people to discover more resources, ration and recycle them, and develop substitutes.
Simon believes that human creativity and innovation are the ultimate resources, enabling economic growth and improving living standards despite population growth.
The book also discusses historical precedents of unfounded environmental fears and includes a famous wager with Paul Ehrlich that demonstrated the decline in real prices of commodity metals over time.
Mentioned by
Mentioned in 6 episodes
Mentioned by Jim O'Shaughnessy when discussing a famous bet on the price of rare minerals and the power of human innovation.
13 snips
Jim O'Shaughnessy on AI, ventures, publishing, markets and his new book Two Thoughts | V:AH S07 E02
Mentioned by Don Boudreaux as an economist who recognized that life is about becoming, not just maximizing material gain.
Don Boudreaux on Buchanan
Mentioned by Andrew Morriss , highlighting Simon's optimistic view on human resourcefulness and problem-solving.
Green Energy: Analyzing The Data With Andrew Morriss Of Texas A&M University
