Uploaded May 2026 | Updated September 2026, 1 week ago
Can we grow forever on a planet with finite resources? š§
In 1980, economist Julian Simon and biologist Paul Ehrlich made a famous bet. Ehrlich predicted resources would become scarce and expensive due to overpopulation. Simon bet on human ingenuity.
Ten years later, the real price of those resources had fallen by 36%. Simon won. Why? Because the "Ultimate Resource" isn't found in the groundāitās found in the human mind.
Read more: fee.org/articles/what-nobel-minds-get-wrong/?utm_source=youtube&utm_medium=social&utm_campaign=fee-online
#Economics #Innovation #JulianSimon #FreeMarket #Shorts #sustainability
Can we grow forever on a planet with finite resources? š§
In 1980, economist Julian Simon and biologist Paul Ehrlich made a famous bet. Ehrlich predicted resources would become scarce and expensive due to overpopulation. Simon bet on human ingenuity.
Ten years later, the real price of those resources had fallen by 36%. Simon won. Why? Because the "Ultimate Resource" isn't found in the groundāitās found in the human mind.
Read more: fee.org/articles/what-nobel-minds-get-wrong/?utm_source=youtube&utm_medium=social&utm_campaign=fee-online
#Economics #Innovation #JulianSimon #FreeMarket #Shorts #sustainability
