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Julian Lincoln Simon

The Ultimate Resource 2 Revised Edition

by Julian Lincoln Simon (Author)

4.5 60 ratings

Part of: Ultimate Resource (1 books)

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Arguing that the ultimate resource is the human imagination coupled to the human spirit, Julian Simon led a vigorous challenge to conventional beliefs about scarcity of energy and natural resources, pollution of the environment, the effects of immigration, and the "perils of overpopulation." The comprehensive data, careful quantitative research, and economic logic contained in the first edition of The Ultimate Resource questioned widely held professional judgments about the threat of overpopulation, and Simon's celebrated bet with Paul Ehrlich about resource prices in the 1980s enhanced the public attention--both pro and con--that greeted this controversial book.

Now Princeton University Press presents a revised and expanded edition of The Ultimate Resource. The new volume is thoroughly updated and provides a concise theory for the observed trends: Population growth and increased income put pressure on supplies of resources. This increases prices, which provides opportunity and incentive for innovation. Eventually the innovative responses are so successful that prices end up below what they were before the shortages occurred. The book also tackles timely issues such as the supposed rate of species extinction, the "vanishing farmland crisis," and the wastefulness of coercive recycling.

In Simon's view, the key factor in natural and world economic growth is our capacity for the creation of new ideas and contributions to knowledge. The more people alive who can be trained to help solve the problems that confront us, the faster we can remove obstacles, and the greater the economic inheritance we shall bequeath to our descendants. In conjunction with the size of the educated population, the key constraint on human progress is the nature of the economic-political system: talented people need economic freedom and security to bring their talents to fruition.

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ISBN-10

0691003815
ISBN-13

978-0691003818
Edition

Revised
Publication date

July 1, 1998
Part of series

Ultimate Resource
Language

English
Dimensions

6.1 x 1.96 x 9.2 inches
Print length

778 pages
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Vince3
Wonderful book!
Reviewed in the United States on November 26, 2024
Verified Purchase
We have been bombarded for years by books, articles, etc. proclaiming the end of the world due to overpopulation, resource exhaustion or whatever. Dr. Simon, thankfully, has assembled the facts and figures to (understandably) debunk the whole insane lot. God bless him!!!

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C. James T
Simon would still win today
Reviewed in the United States on October 16, 2005
Verified Purchase
If you examine the history of all "resources" you discover that they do become cheaper and more abundant over time. Why? In the better book, The Unltimate Resource, Simon goes into much more in depth research and analysis. The human mind is the "Ultimate Resource."

Lets take one example, copper. Copper was heavily used in the telecommunictions industry as well as in electronics. But the heavier user was in telecommunications. All of the scare about copper running out was nonsense in many ways. But the way that no ideologically driven socialist/environmentalist ever considers is through invention and innovation. The invention of fiber optical cable eliminated millions of tons worth of copper phone lines. Optical cable is made out of sand, the most abundant resource on the planet. We will never run out. Then consider that nano-technology is already working on making a nano fiber that will conduct electricity. Nano fibers are made out of carbon, THE most abundant resource in the universe! As soon as that work is finished, millions of tons of copper overhead electrical and underground cable will be recycled. Coppers price will go down again, and its abundance will increase. Humans continue to do this, create something that has never existed before and increase the abundance of all resources.

Lets also recognize that it was the discovery of petroleum oil and its production that saved the whales, as it made the whaling fleets obsolete. Wihtin a few years the whaling towns of boston and maine went mostly bust. Whaling was expensive and dangerous. Petroleum oil, not whale oil then became the lubricant of the industrial revolution. Lets think about photography and silver. All film was silver intensive. With the advent of digital photography, now including digital x-rays! All of the silver and all of the chemicals once needed are not needed any longer. This now frees up that resource! Every advance in technology eventually replaces the lower, least productive and least efficient technology. It is an ongoing evolutionary process!

The difference between Dr. Simon and the green left is one of basic philosohpy. He and those like him believe in humanity and humanities incredible capabilities and the detractors do not. Is the glass half empty or half full is not a cogent arguement as long as one side [the green communists] stops up the mouth of the glass and allows no new water into the glass.

If you can stop all invovation and sustain humanity then yes, all resources will eventually run out! That is the main point.
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M. A. Plus "Advanced Atheist"

<<"Apparently Simon's model for "unlimited" resources has begun to break down. The increasingly strained world oil supply shows that throwing more ingenuity and money at a resource problem can't always solve it." >>

what bunk!

What Simon's critics never include in their "devanced" calculus is the factor of government interference in the markets through burdensome regulation. Environmental regulations, prohibitions on drilling, mining etc has caused an artificial shortage in these resources. These Enviro-morons have missed Simon et al's arguement. That given a free market and indivudals left alone to persue their "self" interesst all resources would drop in price and increase in abundance. Simon would win again if "environmentlaly safe" mining, drilling and exploration was allowed in and around the continental united states and throughout the world.

It is the artifical shortages cuased by enviro-socialism that makes it apear to the intellectually shallow, as if resources are increasing in scarcity and are going up in price.

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Arsell Potasky
A must-read for anyone interested in population issues.
Reviewed in the United States on November 4, 1999
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One reader below states that "Julian Simon is an idiot." The late Mr. Simon was clearly anything but an idiot. This same reader goes on to state that "the simple fact of the matter is that ANY level of growth in a closed system is unsustainable over a long enough period of time." That is true enough, but as Professor Simon points out, it isn't the issue. The issue is whether the limits of the closed system are sufficiently proximate so as to be relevant to policy decisions now. Professor Simon offers copious evidence to prove that whatever the ultimate physical limits of population growth might be (sunlight for photosynthesis striking the earth, land surface available for housing and farming), these limits are so very remote to be of essentially zero value in making policy decisions. Professor Simon illustrates this point by the following analogy: It is a generally-accepted fact that our Sun will burn out billions of years in the future. Thus, our Sun is ultimately a "closed system": only x amount of fuel, and then no more sunlight. While we can assume that this fact as true, it manifestly can have no reasonable bearing on our decisions today, since it is simply too remote. Professor Simon argues that the same is true for the carrying capacity for our Earth: ultimately we can perhaps talk about limits to resources, but it is demostrably true based on objective empirical evidence that these ultimate limits are so remote as to reduce them to irrelevance for any matter of public policy. Professor Simon convincingly argues that this is so for food production, living space, metals, wildlife, the environment, etc. I highly recommend reading this book along with Paul Ehlrich's "The Population Bomb." Professor Simon elsewhere shows the implications for the baby bust (to which books like "The Population Bomb" contributed) will have for solvency of Social Security and Medicare, as well as for the national security interests of the United States. I come away with the strong feeling that a furious hatred for mankind lurks behind the ZPG movement. Read this book, and pass it along to your friends.

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