The Debate Between Julian Simon and Paul Ehrlich About Commodities

Julian Simon, a non-Austrian economist, argues that we can make more of anything we want. His framework for thinking about scarcity as ultimately the scarcity of human time fits in very nicely with the rest of the Austrian canon. The key idea is that if we're willing to forego other things in exchange for more of this thing, we'll have more of it. If you wanted more gold, gold is the scariest thing in the crust of the earth. But every year we find more gold than the last year.