Julian Simon, American economist and author (b. 1932)
Julian Lincoln Simon (February 12, 1932 – February 8, 1998) was an American professor of business administration at the University of Maryland and a Senior Fellow at the Cato Institute at the time of his death, after previously serving as a longtime economics and business professor at the University of Illinois at Urbana-Champaign.Simon wrote many books and articles, mostly on economic subjects. He is best known for his work on population, natural resources, and immigration. Simon is sometimes associated with cornucopian views, but he denied the label. Rather than focus on the abundance of nature, Simon focused lasting economic benefits from continuous population growth, even despite limited or finite physical resources, empowered primarily by human ingenuity which would create substitutes, and technological progress.
He is also known for the famous Simon–Ehrlich wager, a bet he made with ecologist Paul R. Ehrlich. Ehrlich bet that the prices for five metals would increase over a decade, while Simon took the opposite stance. Simon won the bet, as the prices for the metals sharply declined during that decade.
1998Feb, 8
Julian Simon
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Events on 1998
- 4May
Unabomber
A federal judge in Sacramento, California, gives "Unabomber" Theodore Kaczynski four life sentences plus 30 years after Kaczynski accepts a plea agreement sparing him from the death penalty. - 6May
Houston Astros
Kerry Wood strikes out 20 Houston Astros to tie the major league record held by Roger Clemens. He threw a one-hitter and did not walk a batter in his fifth career start. - 26May
Ellis Island
The Supreme Court of the United States rules that Ellis Island, the historic gateway for millions of immigrants, is mainly in the state of New Jersey, not New York. - 4Jun
Oklahoma City bombing
Terry Nichols is sentenced to life in prison for his role in the Oklahoma City bombing. - 5Jun
General Motors
A strike begins at the General Motors parts factory in Flint, Michigan, that quickly spreads to five other assembly plants. The strike lasts seven weeks.