March, 2022

How Might Econ 101 Change If Julian Simon’s “Ultimate Resource” Idea Were Incorporated into the Analysis?

  • Donald J. Boudreaux

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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Julian Simon’s understanding that the human mind is the “ultimate resource” is fundamental yet unincorporated in the teaching of introductory economics. Incorporating this understanding into ECON 101 would improve instruction. I here explain what such an incorporation might look like.