The Ultimate Resource

In this book, Julian Simon argues against the notion that humanity is running out of natural resources.

He contends that as resources become scarcer, their prices rise, creating incentives for people to discover more resources, ration and recycle them, and develop substitutes.

Simon believes that human creativity and innovation are the ultimate resources, enabling economic growth and improving living standards despite population growth.

The book also discusses historical precedents of unfounded environmental fears and includes a famous wager with Paul Ehrlich that demonstrated the decline in real prices of commodity metals over time.