Home
/
RELIGION & LIBERTY
/
The Ultimate Economic Resource
The Ultimate Economic Resource
Dec 28, 2024 1:37 AM

Friends of liberty lost a staunch ally earlier this year when Julian Simon passed away on February 8, just shy of his sixty-fifth birthday. He was infamous for his principled and fact-driven defense of the free society and its ability to unleash the creative force of the human person. In contradistinction to the neo-Malthusians and anti-natalists who monopolized the conversation about population growth and resource use, Simon pointed out that, according to the data, the condition of the human family was, in fact, improving year by year--especially in countries with political freedom and market institutions.

Perhaps the most archetypal of Simon's stratagems was his celebrated wager with Paul Ehrlich, ecological doomsayer. Ehrlich, you will remember, in the late 1960s and early 1970s helped found the flowering cottage industry of apocalyptic prophesizing with his grim visions of a future marked by population growth outstripping the natural resources needed to sustain it. In 1980, Simon dissented in the pages of Science, disproving each of Ehrlich's predictions in a tightly argued article backed up by reams of statistics, charts, and graphs. Ehrlich countered with new predictions of future scarcity. Simon, appropriately goaded, challenged Ehrlich to put his money where his mouth was. If it was true that certain resources were ing more and more scarce, Simon reasoned, then it would follow that, according to the principles of economics, their prices would rise; if not, their prices would stay the same or decrease. Thus his “public offer to stake us $10,000 ... on my belief that the cost of non-government-controlled raw materials (including grain and oil) will not rise in the long run.”

Ehrlich, with his colleagues John P. Holden and John Harte, dutifully stepped up to the challenge; they selected five metals they predicted would e more scarce--chromium, copper, nickel, tin, and tungsten. On paper, they purchased $200 dollars of each using 29 September 1980 prices as an index for a total wager of $1000. If, ten years later, the inflation-adjusted prices of this basket of resources rose, Simon would pay Ehrlich the difference. If they fell, Ehrlich, et al., would pay Simon. And they waited. In the ensuing decade, the world's population grew by more than 800 million. In that ten years, the prices for each of the five resources fell. Chromium dropped from $3.90 per pound to $3.70. Tin plummeted from $8.72 to $3.88. And Paul Ehrlich sent Julian Simon a check for $576.07.

There could have been no clearer refutation of the notion that population growth is an unbearable drain on the world's resources. In truth, as Simon put it, “It is your mind that matters economically, as much or more than your mouth or hands.” The current fads of population control and ecological catastrophe are rooted in a false view of man. We are not simply mouths that consume; we are hands that work, minds that create, souls that worship. In highlighting this crucial fact about the human person, Simon echoed a dominant theme of the whole tradition of Christian social teaching, most recently articulated by Pope John Paul II in Centesimus Annus: “Besides the earth, man's principal resource is man himself. His intelligence enables him to discover the earth's productive potential and the many different ways in which human needs can be satisfied.”

We have missioned stewards of creation and, as such, have a holy responsibility to cultivate creation wisely and for the benefit of all. Further, as bearers of the imago Dei, we have been blessed with the gift of creativity and, so blessed, have a holy responsibility to exercise it in service to God and the munity. Simon reminded us of the great dignity and potential of the human person and the need for an environment of liberty; let us honor his memory by always striving to preserve the dignity of free human persons exercising their creativity in service to the good.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY
Jesus and Class Warfare
Plenty of Marxists have turned to the New Testament and the origins of Christianity. Memorable examples include the works of F.D. Maurice and Zhu Weizhi’s Jesus the Proletarian. After criticizing how so many translations of the New Testament soften Jesus’ teachings regarding material possessions, greed, and wealth, Orthodox theologian David Bentley Hart has gone so far to ask, “Are Christians supposed to be Communists?” In the Huffington Post, Dan Arel has even claimed that “Jesus was clearly a Marxist,...
How Dispensationalism Got Left Behind
Whether we like it or not, Americans, in one way or another, have all been indelibly shaped by dispensationalism. Such is the subtext of Daniel Hummel’s provocative telling of the rise and fall of dispensationalism in America. In a little less than 350 pages, Hummel traces how a relatively insignificant Irishman from the Plymouth Brethren, John Nelson Darby, prompted the proliferation of dispensational theology, especially its eschatology, or theology of the end times, among our ecclesiastical, cultural, and political...
Up from the Liberal Founding
During the 20th century, scholars of the American founding generally believed that it was liberal. Specifically, they saw the founding as rooted in the political thought of 17th-century English philosopher John Locke. In addition, they saw Locke as a primarily secular thinker, one who sought to isolate the role of religion from political considerations except when necessary to prop up the various assumptions he made for natural rights. These included a divine creator responsible for a rational world for...
Creating an Economy of Inclusion
The poor have been the main subject of concern in the whole tradition of Catholic Social Teaching. The Catholic Church talks often about a “preferential option for the poor.” In recent years, many of the Church’s social teaching documents have been particularly focused on the needs of the poorest people in the world’s poorest countries. The first major analysis of this topic could be said to have been in the papal encyclical Populorum Progressio, published in 1967 by Pope...
Conversation Starters with … Anne Bradley
Anne Bradley is an Acton affiliate scholar, the vice president of academic affairs at The Fund for American Studies, and professor of economics at The Institute of World Politics. There’s much talk about mon good capitalism” these days, especially from the New Right. Is this long overdue, that a hyper-individualism be beaten back, or is it merely cover for increasing state control of the economy? Let me begin by saying that I hate “capitalism with adjectives” in general. This...
Mistaken About Poverty
Perhaps it is because America is the land of liberty and opportunity that debates about poverty are especially intense in the United States. Americans and would-be Americans have long been told that if they work hard enough and persevere they can achieve their dreams. For many people, the mere existence of poverty—absolute or relative—raises doubts about that promise and the American experiment more generally. Is it true that America suffers more poverty than any other advanced democracy in the...
Lord Jonathan Sacks: The West’s Rabbi
In October 1798, the president of the United States wrote to officers of the Massachusetts militia, acknowledging a limitation of federal rule. “We have no government,” John Adams wrote, “armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, and revenge or gallantry, would break the strongest cords of our Constitution as a whale goes through a net.” The nation that Adams had helped to found would require the parts of the body...
Spurgeon and the Poverty-Fighting Church
Religion & Liberty: Volume 33, Number 4 Spurgeon and the Poverty-Fighting Church by Christopher Parr • October 30, 2023 Portrait of Charles Spurgeon by Alexander Melville (1885) Charles Spurgeon was a young, zealous 15-year-old boy when he came to faith in Christ. A letter to his mother at the time captures the enthusiasm of his newfound Christian faith: “Oh, how I wish that I could do something for Christ.” God granted that wish, as Spurgeon would e “the prince of...
C.S. Lewis and the Apocalypse of Gender
From very nearly the beginning, Christianity has wrestled with the question of the body. Heretics from gnostics to docetists devalued physical reality and the body, while orthodox Christianity insisted that the physical world offers us true signs pointing to God. This quarrel persists today, and one form it takes is the general confusion among Christians and non-Christians alike about gender. Is gender an abstracted idea? Is it reducible to biological characteristics? Is it a set of behaviors determined by...
Adam Smith and the Poor
Adam Smith did not seem to think that riches were requisite to happiness: “the beggar, who suns himself by the side of the highway, possesses that security which kings are fighting for” (The Theory of Moral Sentiments). But he did not mend beggary. The beggar here is not any beggar, but Diogenes the Cynic, who asked of Alexander the Great only to step back so as not to cast a shadow upon Diogenes as he reclined alongside the highway....
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved