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Are We Running Out Of Resources?

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Prof. Steve Horwitz addresses the common belief that the world is running out of natural resources. Instead, there are economic reasons why we...
Description: Prof. Steve Horwitz addresses the common belief that the world is running out of natural resources. Instead, there are economic reasons why we will never run out of many resources. In a free market system, prices signal scarcity. So as a resource becomes more scarce, it becomes more expensive, which incentivizes people to use less of it and develop
lionelk Uploaded 10/22/2011
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