EESC 1174 Lecture Notes - Lecture 18: Election 2, Mount Pinatubo, Keystone Pipeline
20 Jun 2016
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Julian simon said people can figure out clever/cheaper ways to get resources when markets demand it. Ehrlich bet simon 1000 dollars that five key metals would grow more ex- pensive by 1990 as the resources became more scarce. Ehrlich would have won 63% of the time over the last century. Climate change is an externality so will not drive innovative market solu- tions quite like growing population and resource consumption have. Simon said that people are improving not betting that the world is not getting degraded. B. 2. b) simon viewed economics as the salvation of the future. Ehrlich viewed ecology as the ultimate decider of the future. Story #2: the scientists and growing consensus. 1957 revel - oceans will not readily absorb our co2. 2013 - 95% humans are to blame for warming: headlines. C. 4. things are worse than we thought there is more danger than previously thought. Scientists as a group usually value being cautious above all else.
