Creds Blog: The Simon-Ehrlich Wager and Another Role for Markets15 Jan 2013
Creds is a side-project I’ve been working on for awhile now. I encourage you to 1) check it out and 2) read this post to see my inspiration.
In 1980, an economist named Julian Simon and a biologist named Paul Ehrlich had a disagreement about the future scarcity of natural resources on Earth. Being gentlemen, they decided to stake some token money-as well as their reputations-on what they believed.