The year 1981 was a big one in my business life. It was the year Paul Allen and I incorporated Microsoft in our home state of Washington.
As it turns out, 1981 also had big implications for my current work in health, development, and the environment. Right when Paul and I were pulling all-nighters to get ready for the release of the MS-DOS operating system for the brand new IBM-PC, two rival professors with radically divergent perspectives were sealing a bet that the Chronicle of Higher Education called “the scholarly wager of the decade.”
This bet is the subject of Yale history professor Paul Sabin’s new book. The Bet: Paul Ehrlich, Julian Simon, and Our Gamble over Earth’s Future provides surprising insights for anyone involved in addressing the world’s “wicked problems.” Most of all, it gave me new perspective on why so many big challenges get bogged down in political battles rather than being focused on problem-solving.
So what was the bet? University of Illinois economist Julian Simon challenged Stanford biologist Paul Ehrlich to put his money where his mouth was and wager up to $1,000 on whether the prices of five different metals would rise or fall over the next decade. Ehrlich and Simon saw the price of metals as a proxy for whether the world was hurtling toward apocalyptic scarcity (Ehrlich’s position) or was on the verge of creating greater abundance (Simon’s).





Lead author Vincent Post of Australia’s Finders University told the AFP, “By combining all this information we’ve demonstrated that the freshwater below the seafloor is a common finding and not some anomaly that only occurs under very special circumstances.”

I am a scientist.” With such a demure start, it might seem surprising that the article itself devolves immediately afterwards into a piece that has inspired incredulous ridicule in emails, on Twitter, and in the comments on the article — not because the initial statement is false, but because the very next statement is laughable given the author and the context:

It uses the words of science to give itself the appearance of science, but it does not actually contain the essence of science, i.e. the method or wisdom or rationality of science. See the 

Repeated Pleistocene Epoch ice ages covered much of North America, Europe and Asia under mile-thick ice sheets that denuded continents, stunted plant growth, and dropped ocean levels 400 feet for thousands of years.