Source: Foundation for Economic Education
by Mani Basharzad
“Each year after the Nobel Prize announcements, laureates, who are among the greatest minds of their generation, gather and shape a broader intellectual conversation. At this year’s gathering, a Nobel laureate in physics posed a question to the economic laureates: ‘Can we grow without limit? What about finite resources?’ He added, ‘At some point, must we also modify this growth system — which wants to consume more and more of the Earth’s resources?’ To answer this question, we need to go back to a bet made about humanity’s fate in 1980. Economist Julian Simon and biologist Paul Ehrlich made a wager about the future of humanity. At the heart of the bet was a simple question: Would population growth lead to resource scarcity and human decline, or to greater prosperity and innovation?” (03/31/26)