Professor Mark J. Perry's Blog for Economics and Finance
Economist Julian Simon foresaw the falling natural resource prices, increased world oil supply, and decline in farmland prices. His view of population economics is unique and persuasive. In this 6-part series now available on YouTube, Julian Simon discusses resources, environment, population growth and his analytical methods. Watch Part 1 above.
(HT: Drew Suder)
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
4 Comments:
Huh. Who'd a thunk it. This overheated handbasket I'm in is heading for Paradise.
"This overheated handbasket I'm in is heading for Paradise"...
But is it a handbasket of YOUR own making?
What Professor Simon is saying is hardly news...
Note this bit from 2003: Exploration can cause falling non-renewable resource prices
Unfortunately, the Professor does not take into account OPEC that is not interested in increasing capacity or supply. Nor does he consider a retarded US government pumping up commodity prices through various subsidies.
Mahciavelli999: There is no real shortage of petroleum. What we have in the states is an ailing infrastructure where we do not have enough refineries, oil drilling, and aging pipelines. Also, tight supply could also be blamed on inefficient National Oil Companies that use their profits for political patronage and not on extraction investment. It would have been interesting to see what Simon would have thought of today's commodity prices.
This is an excellent youtube clip on Simon. Great post Dr. Perry.
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