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Author: PERC

How Markets Adapt to Climate Change

How Markets Adapt to Climate Change

From Matthew E. Kahn at PERC: In 1980, the biologist Paul Ehrlich and the economist Julian Simon engaged in a famous debate. Ehrlich argued that ongoing population growth would lead to overconsumption of natural resources and a collapse in food consumption per person. Simon countered that rising scarcity creates incentives to unleash human ingenuity and...

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