Skip to main content

The ultimate resource after 40: A special issue against the grain

Abstract

This introduction to the special issue in honor of the 40th anniversary of Julian Simon’s book The Ultimate Resource relays the significance of the book’s contribution and connects the idea of the book and its author with Austrian economics and mainline economics more generally. It then explains how The Ultimate Resource laid a fruitful foundation with which modern scholars can address environmental and population issues. Lastly, the introduction shows how each contribution in the issue builds on that foundation.

This is a preview of subscription content, access via your institution.

Notes

  1. We would like to thank Solomon Stein for bringing this to our attention.

  2. In 1997, the year before Simon's death, Simon describes Kirzner and his work as among the most successful modem examples of this intellectual tradition.

References

  • Aligia, P. D., & Ciobanu R. G. (2022). Julian Simon, the problem of socio-ecological resilience and the "Ultimate Resource": A reinterpretation. Review of Austrian Economics.

  • Boettke, P. J. (2007). Liberty vs. Power in Economic Policy in the 20th and 21st Centuries. Journal of Private Enterprise, 22(2), 7–36.

  • Boettke, P. J. (2012). Living economics. Oakland, CA: Independent Institute.

  • Boettke, P. J., & Coyne C. J. (2022). The economic logic behind the Ultimate Resource. Review of Austrian Economics.

  • Boettke, P. J., Candela R., & Jacobsen P. (2022). Economic calculation and transaction costs: The case of the airline oversales auction system. Available at SSRN: https://ssm.com/abstract=3987503 .

  • Boudreaux, D. J. (2022). How might Econ 101 change if Julian Simon's "Ultimate Resource" idea were incorporated into the analysis?. Review of Austrian Economics.

  • Candela, R. A. (2022). The division of labor and knowledge is limited by the division of ownership over the Ultimate Resource: The role of economies of scope in Julian Simon. Review of Austrian Economics.

  • Geloso, V. (2022). Statogenic climate change? Julian Simon and institutions. Review of Austrian Economics.

  • Hayek, F. A. (1945). The use of knowledge in society. The American Economic Review, 35(4), 519–530.

    Google Scholar 

  • Hayek, F. A. (1981). Letter to Julian Simon. Available at: http://www.juliansimon.com/replycritics.html.

  • Jacobsen, P., & Rouanet L. (2022). Economists versus engineers: Two approaches to environmental problems. Review of Austrian Economics.

  • Piano, C. E. (2022). The family and the state: A public choice perspective. Review of Austrian Economics.

  • Simon, J. L. (1968). An almost practical solution to airline overbooking. Journal of Transport Economics and Policy, 11(2), 201–202.

    Google Scholar 

  • Simon, J. L. (1988). Letter to Jack Kemp. Box 29, Folder "Jack Kemp Correspondence, Clippings, Article and Speech Drafts, Notes, and Survey, 1988–89", Julian L. Simon Papers, 1955–2002. University of Illinois Archives Room 146, Urbana, IL. 25 June 2019.

  • Simon, J. L. (1991). How to add junior tenure-track positions at no additional cost to the university.". Journal of Policy Analysis and Management, 10(3), 482–485.

    Article  Google Scholar 

  • Simon, J. L. (1994). More people, greater wealth, more resources, healthier environment. Economic Affairs, 14(3), 22–29.

    Article  Google Scholar 

  • Simon, J. L. (1996). A Reply to my Critics. At: http://www.juliansimon.com/replycritics.html. Accessed on 26 Nov 2021.

  • Simon, J. L. (1997a). Letter from Don Boudreaux. Box 9, Folder "Correspondence , General August-October 1997a", Julian L. Simon Papers, 1955–2002. University of Illinois Archives Room 146, Urbana, IL. 26 June 2019.

  • Simon, J. L. (1997b). Announcement of lsrael Kirzner talk at the University of Maryland. Box 24, Folder "Israel Kirzner Talk Sponsorship Correspondence, Notes, and Flyer Draft, 1997b", Julian L. Simon Papers, 1955–2002. University of Illinois Archives Room 146, Urbana, IL. 25 June 2019.

  • Simon, J. L. (1981). The ultimate resource. Princeton University Press.

    Google Scholar 

  • Simon, J. L. (1999). Economics Against the Grain (Vol. Two). Edward Elgar Publishing.

    Google Scholar 

  • Simon, J. L. (2002). A Life Against the Grain. Transaction Publishers.

    Google Scholar 

  • Sinnett, M. W. (1987). Method versus methodology: A note on the ultimate resource. The Review of Austrian Economics, 1(1), 207–223.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Peter Jacobsen.

Ethics declarations

Conflict of Interests

The authors do not have any relevant financial or non-financial interests to disclose and received no funding for the submitted work.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and Permissions

About this article

Verify currency and authenticity via CrossMark

Cite this article

Jacobsen, P., Rouanet, L. The ultimate resource after 40: A special issue against the grain. Rev Austrian Econ 35, 275–282 (2022). https://doi.org/10.1007/s11138-022-00583-y

Download citation

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11138-022-00583-y

Keywords

  • The Ultimate Resource
  • Julian Simon
  • Environmental Economics
  • Comparative Institutional Analysis

JEL Classification

  • B53
  • O13
  • O44