On the finiteness of resources

posted by
June 26, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"The point is not that the number of atoms (or molecules, or whatever other physical form or substance you wish to name) available on earth to human beings is not finite or unable to be enlarged. Of course these things are finite. Instead, the point is that 'resources' is not, ultimately, a physical concept; it’s an economic concept. And to be limited physically is not necessarily to be limited economically." (06/26/11)


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