Julian Simon & Paul Ehrlich's 2nd Bet

In the 1960s and 1970s, environmental scares were rampant. Multiple books, such as Ernst Schumacher’s Small is Beautiful and Paul Ehrlich’s Population Bomb, forecasting a dire future were published. The connection they made was simple: the rapid pace of economic development of the West came at high environmental costs. The depictions of these costs fell into two categories. The first was rising pollution which would reduce quality of life. The second was imminent limits to growth due to the fact that population growth was outpacing the finite quantity of resources available on the planet.  Read Full Article »