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Pierre Desrochers: THE BET Turns 25 (Julian Simon scholar at work)

By Robert Bradley Jr. -- October 6, 2015

“Ehrlich and other green activists also remained oblivious to the fact that the correlation between standards of living and pollution level is overwhelmingly in the direction of ‘richer is cleaner’.”

“Population catastrophists, however, constantly remind us of Hegel’s alleged observation that ‘If theory and facts disagree, so much the worse for the facts’.”

Pierre Desrochers, associate professor of geography at the University of Toronto-Mississauga, is a leading classical liberal scholar in the fields of economic development, technological innovation, business/environment interaction, energy policy, and food policy. An expert on the works and worldview of Julian Simon (1932–98), Desrochers has contributed a number of features at MasterResource that are listed at the end of this post.

Most recently, Professor Desrochers celebrated the 25th anniversary of THE BET, the most famous wager in the history of economics between optimist/realist Simon and neo-Malthusian doomsayer Paul Ehrlich, with two opinion-page editorials.…

China Cap-and-Trade: James Hansen on Carbon Cronyism

By Robert Bradley Jr. -- September 29, 2015

“Cap-and-trade for CO2 emissions will be just another political plaything for crony socialism…. Cap-and-trade is high on transaction costs and wheeling-dealing and low on emission reduction. In Europe, post-Kyoto Protocol (1997 –) coal usage has increased seven percent, while gas usage has declined.”

China to Announce Cap-and-Trade Program to Limit Emissions,” reported the New York Times last week. President Xi Jinping  joined Obama’s global energy constructivism by committing (?) the world’s most populous country–and largest emitter of carbon dioxide (CO2)–to a to-be-determined cap-and-trade program beginning in 2017.

The Obama Administration is leveraging China’s commitment with his own Clean Power Plan to try to get other countries to sign on to a global accord in Paris this December. But these are paper promises by sovereigns who surely know that there is no guarantee that the next Administration–or Congress–will have any appetite for continuing the futile crusade to ‘save’ the climate. …

Julian Simon’s Breakthrough: 1977, 1981, 1996

By Robert Bradley Jr. -- September 22, 2015

Julian Simon’s The Economics of Population Growth (1977) was hailed as a “path-breaking work” that offered “a new paradigm in the Kuhnian sense” (Joseph Spengler, quoted in Simon, 2002: 256).

The overused term “paradigm” must be applied with caution, however, because few new ideas really create paradigms, and paradigms can be wrong. Also, contra Kuhn, there are examples of science cumulatively approaching the truth short of revolution (Weinberg). Still, Simon put together the parts of an alternative worldview that continues to penetrate its way into the scientific orthodoxy, particularly in economics (Bradley, 2000: 19–20).

Simon’s extraordinary science (in Kuhnian terms) reached two major conclusions:

(1) a growing population can improve virtually all environmental welfare indicators; and

(2) scarcity measures of mineral (“depletable”) resources are not qualitatively different from that of other economic goods.…

Dear House: Say NO to Wind PTC (10th extension crucial for Obama’s energy/climate agenda)

By Robert Bradley Jr. -- September 18, 2015

“The Case Against a U.S. Carbon Tax” (working paper lays out the issues)

By Robert Bradley Jr. -- September 17, 2015

F. A. Hayek on Resource Conservation

By Robert Bradley Jr. -- September 10, 2015

Enron’s Export-Import Bank (‘Smartest guys in the room’ at work)

By Robert Bradley Jr. -- September 9, 2015

Speech to the Australian Senate on Wind Power (Sen. Brown raises major issues)

By Robert Bradley Jr. -- September 1, 2015

America’s 1926 Oil Glut: Drive for Mandatory Proration by Independents Begins

By Robert Bradley Jr. -- August 26, 2015

The Brave Judith Curry (Part II)

By Robert Bradley Jr. -- August 25, 2015