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Julian Lincoln Simon ( February 12 , 1932February 8 , 1998 ) was Professor of Business Administration at the University Of Maryland and a Senior Fellow at the Cato Institute . He wrote many books and articles, mostly on Economic subjects. He is best known for his work on Population , Natural Resource s, and Immigration . His works are often quoted by Libertarians and have sometimes been described as Cornucopian .


Thought

His 1984 book '' The Resourceful Earth '' (co-authored by Herman Kahn ), is a criticism of the Conventional Wisdom of population growth and resource consumption and a direct response to the Global 2000 report. In it, Simon challenged the notion of a pending Malthusian Catastrophe —that an increase in population has negative economic consequences; that population is a drain on natural resources; and that we stand at risk of running out of resources through over-consumption. His critique was praised by Nobel Laureate economist Friedrich Hayek , but also attracted many critics, such as Paul R. Ehrlich and Albert Bartlett .


Vision of the future


Julian Simon wrote in a Policy report for the Cato Institute "We have in our Hand s now—actually in our Libraries —the technology to feed, clothe, and supply Energy to an ever-growing population for the next 7 billion years." {Link without Title}

''. He noted that when Albert Bartlett, a retired physicist of the University Of Colorado , tried to test Simon's statement on a desk Calculator , it flashed "Error", indicating that, multiplying steadily at 1 % per year for 7 billion years, the population would soon surpass his calculator's limit of 9.99×1099. Bartlett's calculation assumed Exponential Population Growth , with the population doubling every 43 years.

However, the question may be mitigated, as birth rates are declining in many developed and developing countries. This decline has led United Nations organizations to predict that global population growth will actually level off somewhere between about 9 billion in 2050 and 11 billion in 2100 . Malthus ian theories, further, do not appear to apply to recent life in the modern world because global prices for food have been falling while population levels have been rising.


Influence


Simon was one of the founders of Free-market Environmentalism .
An article profiling Julian Simon in Wired magazine inspired Bjørn Lomborg to write the book '' The Skeptical Environmentalist ''.

Simon was also the first to suggest that Airline s should provide rewards for travelers to give up their seats on Overbooked flights (a practice popularly known as "bumping"), rather than arbitrarily taking certain passengers off the plane. Although the airline industry initally laughed at him, his plan was later implemented with resounding success.

Simon was an omnivorous reader, and took some steps toward writing a memoir, ''A Life Against the Grain'', which was published by his wife after his death.


Wager with Paul R. Ehrlich


A Wager Between Julian Simon And Paul Ehrlich was made in 1980 over the Price of Metal s a Decade later; Simon had been challenging environmental scientists to the bet for some time. Ehrlich, John Harte and John Holdren selected a basket of five metals that they thought would rise in price with increasing scarcity and depletion.

Simon won the bet, with all five metals dropping in price. Supporters of Ehrlich's position suggest that much of this price drop came because of an Oil spike driving prices up in 1980 and a Recession driving prices down in 1990 , pointing out that the price of the basket of metals actually rose from 1950 to 1975 . They also suggest that Ehrlich did not consider the prices of these metals to be critical indicators, and that Ehrlich took the bet with great reluctance. On the other hand, Ehrlich selected the metals to be used himself, and at the time of the bet called it an "astonishing offer" that he was accepting "before other greedy people jump in," hardly suggesting reluctance.

A common claim laid against Simon is that none of the actual supplies of these metals increased during this time. However, supporters claim that, to the contrary, the results of the wager prove Simon's theories in a much more profound way than what might be commonly realized.
  • The price of Tin went down because of an increased use of Aluminium , a much more abundant, useful and inexpensive material.

  • Better mining technologies allowed for the discovery of vast Nickel Lode s, which ended the near Monopoly that was enjoyed on the market.

  • Tungsten fell due to the rise of the use of Ceramic s in Cookware .

  • The price of Chrome fell due to better smelting techniques.

  • The price of Copper began to fall due to the invention of Fiber Optic Cable (which is derived from Sand ), which serves a number of the functions once reserved only for copper wire.


In all of these cases, better technology allowed for either more efficient use of existing resources, or replacement of those resources with something more abundant and less expensive, which is the gist of Simon's theories.


Proposed second wager

In 1995 , Simon issued a challenge for a second bet. Ehrlich refused, and proposed instead that they bet on a metric for human Welfare . Ehrlich offered Simon a set of 15 metrics over 10 years, victor to be determined by scientists chosen by the president of the National Academy Of Sciences in 2005. There was no meeting of minds, because Simon felt that too many of the metrics measured attributes of the world not directly related to human welfare, e.g. the amount of Nitrous Oxide in the Atmosphere . [http://www.overpopulation.com/faq/People/julian_simon.html For such indirect, supposedly bad indicators to be considered "bad", though, they would ultimately have to have some measureable detrimental effect on actual human welfare, and it's these actual measurements that Erlich refused to bet on.


Education



Books

  • ''The Economic Consequences of Immigration into the United States''

  • ''Effort, Opportunity, and Wealth: Some Economics of the Human Spirit''

  • ''Good Mood: The New Psychology of Overcoming Depression'' ISBN 0812690982 (Forewords by Albert Ellis and Kenneth Colby )

  • ''The Hoodwinking of a Nation'' ISBN 1560004347

  • ''A Life Against the Grain: The Autobiography of an Unconventional Economist'' ISBN 0765805324

  • ''Scarcity or Abundance? A Debate on the Environment''

  • ''The Philosophy and Practice of Resampling Statistics''

  • ''Resampling: A Better Way to Teach (and Do) Statistics'' (with Peter C. Bruce)

  • ''The Science and Art of Thinking Well in Science, Business, the Arts, and Love''

  • ''The Ultimate Resource II'' ISBN 0691003815

  • ''Economics of Population: Key Modern Writings'' ISBN 1852787651

  • ''It's Getting Better All the Time : 100 Greatest Trends of the Last 100 Years'' by Stephen Moore, Julian Lincoln Simon ISBN 1882577973 ''manuscript finished posthumously by Stephen Moore''



References



Books critical of Julian Simon

  • Ehrlich, Paul R. ''Betrayal of Science and Reason: How Anti-Environmental Rhetoric Threatens Our Future'', 1996. (ISBN 1-55963-483-9)

  • Grant, Lindsey. ''Elephants in the Volkswagen'', 1992. (ISBN 0-7167-2268-2)

  • Hardin, Garrett. ''The Ostrich Factor: Our Population Myopia'', 1998. (ISBN 0-19-512274-7)



External links