We have been talking about the debunking of economic science and the 
			failure of the so-called price system preached by our neoclassical 
			economists and now I am coming across the writing of statistician 
			Bjorn Lomborg telling us that our oil
			 is 
			not a finite economic resource otherwise its cost would have been 
			'very, very expensive.' Statistician Lomborg defends his position 
			first by belittling the dooming predictions of the earlier 
			environmentalists who wrote the 1972 bestseller Limits to Growth, 
			and then by invoking the work of economist Julian Simon.Donella 
			Meadows, co-author of Limits to Growth, has specifically stated that 
			"We didn't think we had written a prediction of doom. We had 
			intended to issue a warning, but also a vision. We saw, with the 
			help of the computer, not one future but many, all possible, some 
			terrible, some terrific."  
			It was not an accident that the authors of Limits to Growth used 
			the simulation tool of System Dynamics to develop an understanding 
			of the depletion of our natural resources rather than to predict the 
			future.  
			
			  
			It is not an accident that our own Canadian universities, such as 
			Simon Fraser University and the University of Manitoba, have 
			included in their ecological economic curriculums the tool of System 
			Dynamics. The regressive statistical approach of our economists is 
			being questioned, and it is not an accident that I recently sent an 
			e-mail message to the Post-Autistic Economics Network stating that "I 
			firmly feel that economists, in general, would greatly benefit in 
			using Jay Forrester's System Dynamics approach to modeling." I 
			am of the opinion that statistician Bjorn Lomborg would benefit a 
			lot if he could rework some of his statistical researches within the 
			framework of System Dynamics.  
			
			 Julian 
			Simon has no clue of the social implications of economics and has 
			stated "if history is any guide, natural resources will 
			progressively become less costly, hence less scarce."  
			
			 Two 
			billion people live in traditional societies outside the money 
			system; as a consequence, the price system mechanism to allocate 
			resources is only in the hegemonic mind set of our neoclassical 
			economists and statisticians. Stanford University environmentalists 
			Paul Ehrlich, John Harte and John Holdren were tricked by Julian 
			Simon and lost a bet against him when they bet that the price of 
			chromium, copper, nickel, tin and tungsten, would have increased 
			because of depletion in a time frame of ten years. Julian Simon won 
			the bet for the simple reason that the price system mechanism is not 
			a measure of the scarcity of our natural resources. Later, Paul R. 
			Ehrlich realized his mistake and challenged Simon to bet on fifteen 
			ecological and population trends whose direction was not positive.
			 
			Our statistician Bjorn Lomborg is a reductionist researcher and 
			he is being engaged by our controlled media and neoclassical 
			economists to further brainwash people into the gospel of the price 
			system mechanism. In summing up Bjorn Lomborg's claims of a 
			wonderful world, Alex Kirby, BBC News correspondent, acutely 
			observes that "his separate snapshots of the world may be 
			accurate. Taken together, they make a dangerously misleading picture."
			 
			References  
			Related social and economic articles published by Ensign  
			Donella Meadows, co-author of the books Limits to Growth and 
			Beyond the Limits http://www.netwalk.com/~vireo/meadows.html  
			Global Electronic Markets: The Price of Everything--The Value of 
			Nothing? Hazel Henderson, author, futurist and consultant on 
			sustainable development. May 1998 www.hazelhenderson.com  
			Running on empty?, Bjorn Lomborg, National Post, September 3, 
			2001 http://www.nationalpost.com/news/story.html?f=/stories/20010903/681803.html
			 
			Post-Autistic Economics Network, http://www.btinternet.com/~pae_news/GEN.htm
			 
			Quotes from Julian Simon, Julian Simon was professor of Business 
			Administration at the University of Maryland and a Senior Fellow at 
			the Cato Institute http://www.freedomsnest.com/cgi-bin/qa.cgi?ref=simjul
			 
			IT'S NO TIME TO HEED THE BROWNLASH, by Paul R. Ehrlich and 
			Stephen H. Schneider http://dieoff.org/page27.htm  
			Bjorn Lomborg's wonderful world, Alex Kirby, BBC News, August 23, 
			2001 http://news.bbc.co.uk/hi/english/uk/newsid_1502000/1502076.stm   |