We have discover this in our research. The idea of super abundance is, it occurred to us when we were looking at this original bet between julie simon and paul. If you remember that back in the 19 80s, you had paul, who had written a population. It was this book that painted a dystopian future that england wouldnt exist, we were going to start of. There was an economist who picked up the book, read it, and initially thought in three you could model, it seems like it makes sense. Maybe i should go back and look at the data, see what the data says about resources, how abundant resources are. As an economist, i look at the price of resources. If something is running out, it should be getting more expensive. What julian simon found was that the price of these things wasnt going up, they were going down. How could you have something that was becoming more scarce, it was becoming cheaper. He begins to research other things, he starts looking at these non renewable metals like copper. He exte
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Thank you for giving me the opportunity to talk about what we discovered in our research. The idea of superabundance occurred to us when we were looking at this original bed between julian simon and paul ehrlich in the 1980s. Paul ehrlich had written this book that painted this dystopian future that things were going to crash and england would not exist and we were going to starve. And economists picked up the book and read it. They said initially, this looks like it makes sense. But maybe i should look at what the data says about resources. How abundant the resources are. As economists, we look at the price of resources. You know, if something is money now it should be getting more expensive. What julian simon found is that the price of these things was not going up. They were going down. So how can you have something becoming more scarce that was becoming cheaper . So, he begins to research other things. He starts looking at nonrenewable metals like copper. Then he extended it to the
We discovered in our research. The idea of superabundance occurred to us when we were looking at this original bed between julian simon and paul ehrlich in the 1980s. Paul ehrlich had written this book that painted this dystopian future that things were going to crash and england would not exist and we were going to starve. And economists picked up the book and read it. They said initially, this looks like it makes sense. But maybe i should look at what the data says about resources. How abundant the resources are. As economists, we look at the price of resources. You know, if something is money now it should be getting more expensive. What julian simon found is that the price of these things was not going up. They were going down. So how can you have something becoming more scarce that was becoming cheaper . So, he begins to research other things. He starts looking at nonrenewable metals like copper. Then he extended it to these other resources. What he observed is this population inc
The idea of superabundance occurred to us when we were looking at this original bed between julian simon and paul ehrlich in the 1980s. Paul ehrlich had written this book that painted this dystopian future that things were going to crash and england would not exist and we were going to starve. And economists picked up the book and read it. They said initially, this looks like it makes sense. But maybe i should look at what the data says about resources. How abundant the resources are. As economists, we look at the price of resources. You know, if something is money now it should be getting more expensive. What julian simon found is that the price of these things was not going up. They were going down. So how can you have something becoming more scarce that was becoming cheaper . So, he begins to research other things. He starts looking at nonrenewable metals like copper. Then he extended it to these other resources. What he observed is this population increase. These prices, these reso