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The Simon Ehrlich Wager Case Summary

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The Simon-Ehrlich wager was all about this idea of Malthusian catastrophe (Regis, 1997). The idea is that because of population growth we are running out of resources and we will eventually exhaust them all and die out. Julian Simon the so call cornucopian doom slayer challenged the Malthusian believer Paul Ehrlich to a bet. Simon told Ehrlich that he could pick any-raw material and and any date in the future. If Simon was correct the eventually price of these resources would decrease or not change more then inflation and if Ehrlich was correct since we are running out of resources the price of these metal would increase. Ehrlich selected five assorted metal which included chromium, copper, nickel, tin and tungsten. In the prices rose Simon …show more content…

The result was that Paul Ehrlich sent Simon a check for 576.07%. During this decade the population increased by 800 million people and yet these coveted natural resources were not used up like the Malthus believer’s thought. In fact, the opposite happened and the prices of these metals dropped quite a lot.
Julian Simon and his other so called cornucopians make the argument that things are not as bad as people portray them to be. They say that we are better off in all measurable ways then we were before. They say populations are not going extinct at the rate scientist believe. They say that instead of deforestation the opposite is happening and were reforesting more then we are destroying. Basically everything predicted in the Malthusian Catastrophe was complete and total garbage. Another statement his colleague and him make is the argument that the resources that are being thought to run out are not the important one. It makes empirical sense that as the population …show more content…

I definitely agree with Simon when he talks about the creativity and ingenious of humans. The innovations we have today in not just the world of food production are absolutely mind blowing. The machines we use for farming and how we change plants at the genetic level to suit us are some of the many examples. Granted those inventions can somewhat be debated they are still great examples of human’s ability to problem solve. The part I am less hesitant to agree with is that there is no problem at all. I think eventually we will reach some sort of semi Malthusian catastrophe. Will it may not be exactly about food I think it’s more likely going to be an issue of land. We only have so much space on this planet and I think it there is anything that could be used up it would be that. Also I am not blind to the fact the Simon did somewhat less then problems of species loss. We are definably losing more then one species a year. Granted when it comes to actual human survival that may not be an issues but when it comes down to the diversity of life I think that is a problem. Another issues is that while we can technical always come up for a solution for the growing need for more food, I think the cost of that is health. Some of the things we are making and doing to feed the world are not going to always allow for a health existence. Overall, I would say I definitely

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