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by mkempe
4426 days ago
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Two fundamental arguments of the thesis that we will not "run out" of natural resources for productive purpose have been made eloquently in: - The Ultimate Resource by Julian Simon [1] --the human mind has limitless potential to select and pursue the use of materials; and - Capitalism by George Reisman [2] -- the phenomenon of price responds to actual supply and demand, and prompts profit-seekers to develop and switch production accordingly. [1] http://www.amazon.com/dp/0691003815 [2] http://www.amazon.com/dp/B0084RU67S, see Part One, Chapter 3 |
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Only if those materials exist in the actual world first. So not that limitless after all. (And that's if we indeed accept that the mind's potential is "limitless", which is non-scientific mumbo jumbo).
>Capitalism by George Reisman [2] -- the phenomenon of price responds to actual supply and demand, and prompts profit-seekers to develop and switch production accordingly.
Says nothing about resources "not running out" -- just about distribution and demand of them, when they are available. A tribe of capitalists in a desert without water would still die of first.