Wednesday, June 24, 2009

Can You Identify this Famous Economist?

Do you know me? At the start of the 1980s, I bet a world renowned environmental doomsayer that the world was not running out of resources. The doomsayer bet $1,000 in 1980 that five resources (of the doomsayer’s choosing) would be more expensive in 10 years. The doomsayer lost: 10 years later every one of the resources had declined in price by an average of 40 percent. Who am I? (In your answer, include the list of resources involved in the bet.)

Congratulations to Rachel YuanQi for identifying Julian Simon as the economist in question.

1 comment:

Greg Delemeester said...

On behalf of Rachel YuanQi:

Julian Simon. The five resources were chromium, copper, nickel, tin and tungsten.