Julian Simon
Julian Lincoln Simon (February 12, 1932 – February 8, 1998) was a professor of business administration at the University of Maryland and a Senior Fellow at the Cato Institute at the time of his death, after previously serving as a longtime business professor at the University of Illinois at Urbana-Champaign.
Simon wrote many books and articles, mostly on economic subjects. He is best known for his work on population, natural resources, and immigration. His work covers cornucopian views on lasting economic benefits from natural resources and continuous population growth, even despite limited or finite physical resources, empowered by human ingenuity, substitutes, and technological progress. His works are also cited by libertarians against government regulation. He died at the age of 65 of a heart attack in Chevy Chase, Maryland.
He is also known for the famous Simon–Ehrlich wager, a bet he made with ecologist Paul R. Ehrlich. Ehrlich bet that the prices for five metals would increase over a decade, while Simon took the opposite stance. Simon won the bet, as the prices for the metals sharply declined during that decade.
Read more about Julian Simon: Theory, Legacy, Personal Life, Education, Honors, Books
Famous quotes containing the words julian and/or simon:
“The rich were dull and they drank too much or they played too much backgammon. They were dull and they were repetitious. He remembered poor Julian and his romantic awe of them and how he had started a story once that began, “The very rich are different from you and me.” And how someone had said to Julian, “Yes, they have more money.””
—Ernest Hemingway (1899–1961)
“Stevenson had noble ideas—as did the young Franklin for that matter. But Stevenson felt that the way to implement them was to present himself as a thoughtful idealist and wait for the world to flock to him. He considered it below him, or wrong, to scramble out among the people and ask them what they wanted. Roosevelt grappled voters to him. Stevenson shied off from them. Some thought him too pure to desire power, though he showed ambition when it mattered.”
—Garry Wills, U.S. historian. Certain Trumpets: The Call of Leaders, ch. 9, Simon & Schuster (1994)