"Greater consumption due to increase in population and……" — Julian Simon

"Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves."

— Julian Simon

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20 Quotes by Julian Simon

Julian Simon has 20 quotes on this site. A few more worth reading:

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More Additional Quotes

This quote is filed under Additional Quotes, one of 271 quotes in that category. Here are a few more:

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