Doe Quote by Julian Simon
“Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.”
About This Quote
Source Book: The Ultimate Resource, 1981
Human ingenuity and market forces will reduce scarcity and cost of natural resources over time, despite finite physical amounts.
In simple terms: Innovation lowers resource costs; scarcity lessens.
Key Takeaway
Invest in technology and market solutions.
Themes
resource economics
innovation
future trends
Mood
optimistic
analytical
Type
economic
strategic
When to use this quote
- policy planning
- business strategy
- energy investment
- urban development
Key Concepts
economics
environmental studies
technology
Questions to Reflect On
- What innovations can reduce resource costs?
- How to ensure equitable access?
A Different Perspective
Technological progress may be uneven across regions.
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