Resource Limitations 2: Separating the Dangerous from the Merely Serious

Jun 28th, 2015
Studypool Tutor
Alvin Community College
Price: $25 USD

Tutor description

Last quarter I tried to make the case that the inevitable mismatch between fi nite resources and exponential population growth had fi nally shown its true face after many false alarms. This was made manifest through a remarkably bubble-like explosion of prices for raw materials. Importantly, prices surged twice in four years, which is a most unbubble-like event in our history book.

Word Count: 9604
Showing Page: 1/15
GMOQUARTERLY LETTERJuly 2011Resource Limitations 2:Separating the Dangerous from the Merely SeriousJeremy GranthamYou and I, and our government must avoid the impulse to live only for today, plundering, for our own ease andconvenience, the precious resources of tomorrow. Dwight D. Eisenhower, 19611[They] would have us believe that there is no cause for anxiety, that reserves [of oil] will last thousands of years,and that before they run out science will have produced miracles. Our past history and security have given us thesentimental belief that the things we fear will never really happen that everything turns out right in the end. Butprudent men will reject these tranquilizers and prefer to face the facts so that they can plan intelligently AdmiralHyman Rickover, 19572The nation that destroys its soil destroys itself. Franklin Delano Roosevelt, 1937 3IntroductionLast quarter I tried to make the case that the inevitable mismatch between finite resources and exponential populationgrowth had finally shown its true face after many false alarms. This was made manifest through a remarkablybubble-like explosion of prices for raw materials. Importantly, prices surged twice in four years, which is a mostunbubble-like event in our history book. The data suggested to us that rarest of rare birds; a new paradigm. And avery uncomfortable one at that. (In general, though, I have tried here not to repeat arguments or data used last quarter.)Th

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors