2 ms·
You’re veering onto a common misinterpretation of the debate which is that we don’t need to respond to resource shortages. Simon didn’t argue against peak oil,
by cowsandmilk 2y ago
You’re veering onto a common misinterpretation of the debate which is that we don’t need to respond to resource shortages. Simon didn’t argue against peak oil, he argued that we as society would move away from oil as the prices rose in response to the resource becoming more scarce.
- ggm 2y agoNot to dispute, could you post a link because I would love to see how he expressed this, and work out how I feel about it. At one level it's a truism, if you wind up with price the main constraint on something, if it is substitutable you will go to a cheaper substitute, when price exceeds some threshold but that threshold is variant to circumstance, and the consequences of substitution also come to play.