Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Price Watch more

Commodity prices in the (very) long run

Posted on 13 March 2013

Back in the late 1960s and early 1970s, rapid worldwide population growth and soaring commodity prices gave rise to fears that humans were outgrowing their planet’s resource capacity. Some worried that crisis and Malthusian collapse was imminent. Among these pessimists was one Paul Ehrlich, a biologist who warned that population increase had gotten dangerously out of hand.
Ehrlich’s writings generated scepticism in some quarters, however. Economist Julian Simon famously disagreed with Mr Ehrlich’s view and argued instead that rising commodity prices would lead markets to respond, through efficiency, substitution, and supply increases. In 1980, he entered into a bet with Mr Ehrlich: that the price of a basket of five commodities (chromium, copper, nickel, tin, and tungsten) would be lower in a decade’s time, in 1990………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30