Quotation of the Day…

by Don Boudreaux on November 1, 2011

in Complexity & Emergence, Growth, Innovation

… is from page 24 of Julian Simon’s profound 1996 book The Ultimate Resource 2:

[N]atural resources are not finite in any meaningful economic sense, mind-boggling though this assertion may be.  The stocks of them are not fixed but rather are expanding through human ingenuity.

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