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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.
- Sales Rank: #505908 in Books
- Published on: 1998-07-01
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x 1.72" w x 6.14" l, 2.35 pounds
- Binding: Paperback
- 778 pages
Amazon.com Review
Julian L. Simon is the world's greatest contrarian. The Ultimate Resource 2--an update, not a sequel, despite the title--skewers the sacred cows of environmentalism, population control, and Paul Ehrlich. In the contest between resource scarcity and human ingenuity, Simon bets the farm on the ability of intelligent people to overcome their problems. Thankfully, he is not a theorist. This book lays out convincing empirical evidence for Simon's prediction of a prosperous future. The key to progress is not state-run conservation programs, he says, but economic and political freedom. Only then can talented minds properly apply themselves to our earthly dilemmas.
Review
"Julian Simon's 1981 book The Ultimate Resource excoriated prominent environmentalists for resorting to scare tactics and data-bending.... As Simon notes, the past sixteen years have been kind to many of his ideas.... Much as Simon had predicted, global per capita food production edged upward steadily while population rose and air quality improved in many places and ways."--Kathleen Courrier, The Washington Post
"With a full understanding of the opposition and smears he would encounter, Simon nevertheless wrote The Economics of Population Growth, Population Matters, and his best-known book, The Ultimate Resource. To him, the ultimate resource was human intelligence. We should also add, in honor of Simon, the courage to use that intelligence."--Thomas Sowell, Chicago Sun-Times
"The most powerful challenge to be mounted against the principles of popular environmentalism in the last fifteen years."--The Washington Post Book World
"Compelling and often brilliantly original. . . . [Simon's] economic analysis will leave a lot of readers heavily revising their thinking about the world around them."--Fortune
"The Ultimate Resource is the most powerful challenge to be mounted against the principles of popular environmentalism in the last 15 years. . . . What is most startling is its deep-rooted optimism about the human condition. . . . [A] landmark book."--Washington Post Book World
"The truly delightful aspect of the book is its persistent iconoclasm. Page after page, Simon punctures myths of scarcity and offers instead the counsels of optimism."--The American Spectator
"Julian Simon, an economics professor, systematically, shockingly, irresponsibly explodes each and every foundation of the whole environmental movement. And he does so with so many facts, graphs and examples that it would be a strange person who could walk away from reading this book without his or her faith in the assumptions of the environmental movement being just a little bit shaken up. . . . This is a magnificent book with the power to change minds."--Matt Ridley, The Sunday Telegraph
About the Author
Julian L. Simon, until his death in 1998, was Professor of Business Administration at the University of Maryland and a Senior Fellow at the Cato Institute. Among his books are Population and Development in Poor Countries: Selected Essays (Princeton), The Economic Consequences of Immigration to the United States, Population Matters: People, Resources, Environment, and Immigration, and The State of Humanity.
Most helpful customer reviews
62 of 68 people found the following review helpful.
The doomslayer falls
By A Customer
On Sunday, February 8th, psychologist and economist Julian L. Simon succumbed to a heart attack in Maryland. It is difficult to overstate the damage his death will cause the world debate on overpopulation, natural resources, and the environment. Dr. Simon's prolific and energetic mind gave rise to fourteen books and countless papers and lectures, dedicated to overthrowing the dogma that underlies so much of today's environmental discourse.
Simon, still considered a maverick after thirty years of relentless data-gathering, impeccable empirical work, and well-thought out conclusions, questioned the unquestionable. He maintained that the earth is in good shape by every conceivable measure, and that the environmental situation continues to improve each year. Every index of human happiness - food prices, net income, infant mortality, life expectancy, disease rates - has steadily improved. He documented those claims with reams of data, culminating in his 1996 tour de force The State of Humanity. It is absolutely comprehensive, and contains enough obscure data to make the most jaded Trivial Pursuit fan squirm (if you ever want to read about the average lower-class Brazilian's annual starch intake, look no further).
Constantly vilified by his critics, Simon always had a small and devoted following. He was dubbed 'the Doomslayer' by Wired magazine for his repeated skewering of environmental fanatics and 'Birkenstock Puritans.' Perhaps the most memorable episode happened in 1980. Simon wrote exasperatedly in an article that he was sick and tired of environmentalists' insistence that large-scale natural starvation was right around the corner. He invited them to put their money where their mouths were. Paul Ehrlich, the influential author of The Population Bomb and predictor of worldwide famine and resource scarcity for the 1980s, stepped up to the plate. Simon invited Ehrlich and any of his colleagues to choose any five non-government-controlled resources, purchase $1000 worth in any combination, and specify a later date. If the resource bundle went up in price (implicating that they had become more scarce), then Simon would have to pay the difference. If they went down in price, signifying greater abundance, then Simon would receive the difference. Ehrlich and company jumped at this proposition, writing that they were looking forward to cashing in 'before other greedy people see this opportunity.' They chose five heavy metals used as inputs for industry, and specified ten years as the time to wait. And thus it occurred that Ehrlich and his colleagues wrote a check to Julian Simon for $576.80 in 1990. When Ehrlich claimed that it was a fluke, Simon offered to repeat the bet on the same terms, with a new bundle and a new time period. Ehrlich refused, and no one ever stepped up to take his place.
In 1996 Simon updated his classic The Ultimate Resource, in which he claimed that the human mind and human creativity are our best bet to overcome the world's problems. Thus, it's not possible to have too many people. Doomsayers, Simon argues, think of people as merely mouths to feed, rather than individuals with lives, dreams, and ideas. They lament population growth, never once thinking that one of those children might grow up to invent a more advanced farming technique, a cure for AIDS, or a way to construct cheap, safe housing. For the same reasons, Simon argues passionately against immigration restrictions. The only way immigrants can harm their new home countries is by imposing a new drain on the welfare state, and the data show that natives almost always take greater advantage of social programs than immigrants do.
Today, the Unabomber's atrocities find an excuse in his radical environmentalism. Children learn in school that the world would have been better off without them, and that ecological Armageddon is right around the corner. Al Gore writes of a grim future and the need for a 'wrenching' social re-organization to cope with the coming age of scarcity. Julian Simon, conversely, spent his life providing an accessible and empirically sound body of work that challenges the environmentalist agenda. Environmentalists should read his work, to see numerous examples of good science as well as to think long and hard about some of their most cherished and reliable beliefs. Teachers should read it, since they handle and assist the ultimate resource in its earliest stages. But all of us should, at the very least, recognize that the environmental debate has two sides, and that Julian Simon spent his life fighting long, hard, and nobly for his.
66 of 79 people found the following review helpful.
Magnificent--a tribute to humanity; a rubuke to Malthusians
By Craig Kenneth Bryant
Now in a second edition, and what a treat that is, because now the unquenchable optimism and sound forcasting of the first volume is backed up by decades of confirmatory data. Resources of all kinds--foods, metals, energy--are more abundant and cheaper, life expectancy is up, and so is the worldwide standard of living. Why is this so, in spite of the dire warnings (The Population Bomb, Famine: 1975!) of the latest crop of doomsayers? Read the book and find out. Find out also, why these trends show no signs of turning around--why the world will be even richer and more prosperous in the next century.
A reader, in an earlier review, suggests that Simon's ideas are "ridiculous" (in spite of the fact that he has been proven right, time and time again, and the doomsayers have to come out with new books every few years, adjusting forward their predictions of a doomsday that never comes), and goes on to say some very stupid things about "limits to the food supply." Go read them, then consider--that review, like most doomsayers, admits startling progress in increasing food yields, then assumes that such progress is over, or nearly so (six millennia of agricultural advance to the contrary). Why? In the first hundred pages of this book, Simon details cutting-edge technologies being employed commercially _today_ that could raise worldwide food production by orders of magnitude. But the eco-tastrophe crowd keeps talking about "closed systems," in spite of the fact that every new technological innovation keeps making the "system" effectively larger and larger.
14 of 16 people found the following review helpful.
Wonderful. Much needed. Now more than ever.
By Pamela Tolbert
I was first introduced to the first edition of the book while in college many years ago. I always like to go back and read even now.
Simon pulls apart many radical environmentalist myths in one fell swoop, explaining that beyond oil, fiber, and chemicals, the ultimate resource is the human mind which has always had to adapt. And adapt it will again, not because of some Darwinian survival mechanism set on autopilot to find new ways of living, but rather the true thinking of things through via the human mind's creativity.
His examples are many, but primarily he shows that overpopulation is a Malthusain myth and that rather than a crunch of human flesh in the world, we are far more likely to find birthrates falling with rapid industrialization. That's the first point--see America and Europe on this one, as proof he's correct, in that being a one child producer per family or even no children for marrieds is the hottest trend in many nations, with even negative consequences for issues like societal stability and welfare and pension plans, social security, retirement benefits, labor force needs, etc.
Secondly, for those areas that the Mainstream Media and social science pundits are always pointing to as dire warnings about the dangers of overpopulation and still have cultures that value large families (as in many parts of the Mid East and Asia), it would seem the real problem is lack of liberty, horrid political arrangements, lack of industrialization, and lack of infrastructure and modern farming methods that seem the real culprit in human suffering.
This actually makes sense, unlike what we were probably taught in school (i.e. that "overpopulation" is a generic term that means distress regardless of context).
There is much more, but these are the basic highlights. The book also details several resources and the reality of how continued exploration and replacement of some items actually reduces the prices consumers must pay for the upkeep of industry and other life activities.
A wonderful "resource" to have on one's shelf in any case to counter the incessant propoganda of UN studies and Planned Parenthood and dozens of other groups who purport to care aobut humanity but think limiting it is the key to human happiness. Simon shows just the opposite, to wit, human fecundity and happiness are luckily tied together.
-W.T.
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