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JAN 13, 2013 - Forbes

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But Why Did Julian Simon Win The Paul Ehrlich Bet?

It's a famous bet in the ongoing battle to try and get environmentalists to understand economics. The bet between Julian Simon, the economist, and Paul Ehrlich, the environmentalist. Ehrlich insisted that commodities would become more expensive: they were running out in the face of the population explosion. Simon asserted the opposite: more people meant more brains meant better methods of extraction and lower usage per unit of production. Thus prices should fall.

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