New Releases by Julian Lincoln Simon

Arguing that the ultimate resource is the human imagination coupled to the human spirit, Julian Simon led a vigorous challenge to conventional beliefs about scarcity of energy and natural resources, pollution of the environment, the effects of immigration, and the "perils of overpopulation." The comprehensive data, careful quantitative research, and economic logic contained in the first edition of The Ultimate Resource questioned widely held professional judgments about the threat of overpopulation, and Simon''s celebrated bet with Paul Ehrlich about resource prices in the 1980s enhanced the public attention--both pro and con--that greeted this controversial book. Now Princeton University Press presents a revised and expanded edition of The Ultimate Resource. The new volume is thoroughly updated and provides a concise theory for the observed trends: Population growth and increased income put pressure on supplies of resources. This increases prices, which provides opportunity and incentive for innovation. Eventually the innovative responses are so successful that prices end up below what they were before the shortages occurred. The book also tackles timely issues such as the supposed rate of species extinction, the "vanishing farmland crisis," and the wastefulness of coercive recycling. In Simon''s view, the key factor in natural and world economic growth is our capacity for the creation of new ideas and contributions to knowledge. The more people alive who can be trained to help solve the problems that confront us, the faster we can remove obstacles, and the greater the economic inheritance we shall bequeath to our descendants. In conjunction with the size of the educated population, the key constraint on human progress is the nature of the economic-political system: talented people need economic freedom and security to bring their talents to fruition.

Comparison with stationary and very fast rates of population growth shows modern population grwoth to have long-run positive effects on the standards of living. This is Julian Simon''s contention, and he provides support for its validity in both more and less-developed countries. He notes that since each person constitutes a burden in the short run, whether population growth is judged good or bad depends on the importance the short run is accorded relative to the long run. The author first analyzes empirical data, formulating his conclusions using simulation models. He then reviews our knowledge of the effect of economic level upon population growth. A final section of his book considers the framework of welfare economics and values within which population policy decisions are now made. He finds that the implications of policy decisions can prove inconsistent with the values that prompt their recommendation. Originally published in 1977. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Making the case that population growth does not hinder economic progress and that it eventually raises standards of living, Julian Simon became one of the most controversial figures in economics during the past decade. This book gathers a set of articles--theoretical, empirical, and policy analyses--written over the past twenty years, which examine the effects of population increase on various aspects of economic development in less-developed economies. The studies show that within a century, or even a quarter of a century, the positive benefits of additional people counterbalance the short-run costs. The process is as follows: increased numbers of consumers, and the resultant increase of total income, expand the demand for raw materials and finished products. The resulting actual and expected shortages force up prices of the natural resources. The increased prices trigger the search for new ways to satisfy the demand, and sooner or later new sources and innovative substitutes are found. These new discoveries lead to cheaper natural resources than existed before this process began, leaving humanity better off than if the shortages had not appeared. Originally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Julian Simon was known for his methodical, and often controversial, writings challenging conventional beliefs about overpopulation, pollution, disappearing farmland, and the scarcity of energy sources and raw materials. But throughout his works is a common theme: that responsible, unbiased research and examination of the data is indispensable to formulating a well-informed and accurate opinion. "The Art of Empirical Investigation" teaches student, professor, researcher, and those interested in ascertaining the truth about social issues just how to proceed. "The Art of Empirical Investigation" is a textbook on the basics of social-scientific research. It discusses all the important empirical methods used in social science, and its examples, drawn from a wide variety of academic and applied fields, illustrate the use of each method in its most appropriate context. The actual decisions a researcher must make at every stage of a project are emphasized, as well as obstacles to knowledge--such as observer bias, deception, unreliability of data, and sampling costs--and how to overcome them. Presupposing nothing, the book introduces the reader to the foundations of empirical social-science research, regardless of a specific field. It also makes an important contribution to beginning researchers'' understanding of an operational definition of causality, which cuts through philosophical obscurity and teaches the researcher how to decide whether or not a given relationship is causal. James E. Katz contributes an introduction written for this new edition, in which he explains why, after over three decades, this remains one of the best books on research methods around. Written in a clear, informal style, "The Art of Empirical Investigation" is a must for the student and teacher of the social sciences, researchers, and journalists. Julian L. Simon (1932-1998) was professor of business administration at the University of Maryland and Distinguished Senior Fellow of the Cato Institute. His books, as author or editor, include "Population Matters, Hoodwinking the Nation," and "The Economics of Population: Key Classic Writing," all available from Transaction. James E. Katz is professor of communication at the School of Communication, Information and Library Studies at Rutgers University. He is the author of "Machines That Become Us" and "Connections," both available from Transaction.

Illuminates and explains the emergence of modern economic development in Western Europe after the seventeenth century

Text and color graphs and charts describe changes in health, safety, welfare, and environmental and social conditions since 1900.

Argues convincingly that immigration continues to benefit U.S. natives as well as most developed countries

The first of two volumes reprinting Simon''s articles and essays, primarily excluding those strictly about economics, which are collected in their own volumes. The 38 offerings cover philosophical analyses of basic conceptual issues, managerial economics and general macroeconomics, the microeconomics of advertising, industrial organization, and policy schemes based on exchange and auction. Among specific topics are the concept of causality in economics, a further test of the Kinky Oligopoly Demand Curve, the economic effects of state monopoly of packaged liquor retailing, and a reconciliation of the life-cycle and permanent income theories. The articles were originally published from the middle 1960s through the 1980s. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR

A debate between an environmentalist and a critic of the environmental movement covers population growth, biodiverisity, soil erosion, and the economics of environmental protection

Since 1970, Julian Simon has been challenging the doomsayers and their conventional beliefs in a series of controversial popular essays based upon his technical scholarly research. These have been his central message: Raw materials and energy are getting less scarce. The world''s food supply is improving. Pollution in the United States has been decreasing. Population growth has long-term benefits, even though added people are a burden in the short run. The United States needs more immigrants. These essays are the core of Population Matters. The central vision is of human being who, on balance, create more than they destroy, if they have adequate incentive to create and guarantee protection of the fruits of their labors. The debate on these questions concerns the effect of the number of people on the standard of living. Simon sees the following mechanism at work: Population growth and increased income expand demand, and prices of natural resources are forced up, triggering the search for new supplies. Eventually new sources and substitutes are found, and humanity is better off. How quickly this happens is critical; and here the presence of economic liberty and respect for property are of central importance. There is no doubt that Julian Simon has influenced the professional consensus on these questions. But he does not preach complacency, nor does he think that new resources and economic advances are inevitable. He reminds us that institutions that protect property and reward initiative must be protected. Above all, we must remember that the ultimate resource is people, whose exercise of will and imagination for their own benefit inevitably benefits us all. Those who have read and enjoyed Simon''s other books or his writings in the popular media will find this a spirited examination of the compelling issues of our day. Some of the most provocative essays in the volume have never before been published. Social and physical scientists may be stimulated to rethink some of their assumptions, and the general reader will be engaged by the force and style of his arguments.

False bad news about population growth, natural resources, and the environment is published widely in the face of solid contradictory evidence. For example, the world supply of arable land has been increasing, the scarcity of natural resources including food and energy has been decreasing, and basic measures of U.S. environmental quality have positive trends. The aggregate data show no long run negative effect of population growth upon the standard of living, and my models that embody forces omitted in the past -- especially the influence of population size upon productivity increase -- suggest a long run positive effect. There are various possible reasons why the false bad news dominates the true good news. Personal values are certainly a key factor.

The process of social science research; The obstacles to social science knowledge; Decisions and procedures; Extracting the meaning of data.

"Although he spent thirty-five years of his life as a faculty member at three universities, his autobiography contains almost no discussion of departmental affairs or university politics, topics about which Simon had little or no interest. Rather, after the personal chronology and experiences, the book includes substantive chapters on research methods, population economics, and immigration. It also explains how Julian Simon became the economist he was. He analyzes crucial periods in his life when he developed his ideas on fundamental issues."--BOOK JACKET.

Most people in the United States believe that our environment is getting dirtier, we are running out of natural resources, and population growth in the world is a burden and a threat. These beliefs, according to Simon, are entirely wrong. Why do the media report so much false bad news about the environment, resources, and population? And why do we believe it? Those are the questions Julian L. Simon set out to answer in his book, Hoodwinking the Nation. The purpose of this book is not to preach but to examine. Most importantly, it aims to consider whether institutional structures can be changed in a way that would allow more sanctions against undesirable practices and unethical behavior. This volume will be valuable to political economists and sociologists, and the general reader concerned with environmental issues and their social impacts.