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Limits to Growth updated
Posted in Comment, Guest Post, tagged Jean Laherrere, Limits to Growth on July 9, 2007 | Leave a Comment »
In 1798, Thomas Malthus predicted in An Essay on Population that the world would run out of food. In 1972 Limits to Growth, published by the Club of Rome, predicted that the world will run out of gold in 1981, mercury in 1985, tin by 1987, zinc by 1990, petroleum by 1992, and copper, lead and natural gas by 1993… These predictions were irresponsible today as they were in 1798 (and 1972). Why ? Because the authors ignore the powerful incentives that markets provide. »
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