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Julian Simon on the ‘Ultimate Resource’ (human ingenuity, the cascading resource)

By Robert Bradley Jr. -- July 14, 2014

Julian Simon (1932–98) is the worldview scholar most associated with this blog. MasterResource takes its name from Simon’s characterization of energy as the master resource and human ingenuity as the ultimate resource.

This post reproduces some quotations in the ‘ultimate resourceship’ literature to illuminate the contra-Malthusianism worldview that a greater number of people is the solution, not the problem, in free-market settings.

“The world’s problem is not too many people, but a lack of political and economic freedom.”

– Julian Simon, The Ultimate Resource 2 (Princeton, N.Y.: Princeton University Press, 1996), p. 11.

“Discoveries, like resources, may well be infinite: the more we discover, the more we are able to discover.”

– Simon, The Ultimate Resource 2, p. 82.

Risky Argumentation: Henry Paulson (2014) Recycles Ken Lay (1997)

By Robert Bradley Jr. -- June 30, 2014

“The business voices change, the decades change, but the arguments are familiar. Problem is, the global average temperature today is not appreciably higher than when Ken Lay penned his op-ed. The year 1998 would be the temperature peak, in fact, that marked the beginning of ‘the pause‘.”

Henry Paulson began his recent New York Times opinion-page editorial, “The Coming Climate Crash,” as follows:

“There is a time for weighing evidence and a time for acting. And if there’s one thing I’ve learned throughout my work in finance, government and conservation, it is to act before problems become too big to manage.”

Ken Lay ended his Houston Chronicle opinion-page editorial of December 5, 1997, “Let’s Have an Ounce of Global-Warming Prevention,” [1] similarly:

“It’s time to stop debating the issues surrounding climate change initiatives and focus instead on simple, realistic, cost-effective solutions.

Heartland Institute: Reality Check for the Climate Debate (Las Vegas conference July 7–9)

By Robert Bradley Jr. -- June 23, 2014

“Come to fabulous Las Vegas to meet leading scientists from around the world who question whether ‘man-made global warming’ will be harmful to plants, animals, or human welfare. Learn from top economists and policy experts about the real costs and futility of trying to stop global warming.”

The leading sustainability threat is not mineral resource depletion, air or water pollution, or anthropogenic climate change. It is statism, and in the case of climate change, policy activism in the name of “stabilizing” or “saving” the planet.

Enter the Heartland Institute and their 9th International Conference on Climate Change, to be held July 7–9 at Mandalay Bay in Las Vegas. Consider the conference in the background of the “pause” in global warming, which is 15-years-going-on-20 as shown in the graph below.

Ex-Im Bank Cronyism: Remember Enron’s Bad Investments

By Robert Bradley Jr. -- June 18, 2014

Wind’s PTC: The Opposition Mounts (117 groups and counting)

By Robert Bradley Jr. -- June 11, 2014

Tom Tanton Interview (Part II)

By Robert Bradley Jr. -- June 10, 2014

Tom Tanton Interview (Part I)

By Robert Bradley Jr. -- June 9, 2014

Energy Postmodernism: Obama Today, Amory Lovins Yesterday (645-page powerplant rule to nirvana)

By Robert Bradley Jr. -- June 4, 2014

Hansen to Obama/EPA: State Renewable Credits, Cap-and-Trade Are Special-Interest, Ineffectual GHG Mitigation Policies

By Robert Bradley Jr. -- June 2, 2014

Memorial Weekend: Let’s Go!

By Robert Bradley Jr. -- May 23, 2014