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 |