From the Editor|
One really special item came across my desk while I was editing this issue, and I felt that I simply have to highlight this particular item for readers interested in the beneficial effects of technology. It is a newly published book celebrating the memory of economist Julian Simon, who in 1980 famously placed a bet with environmental pessimists about prices of raw materials. Simon had offered at that time to bet $10,000 that the price of any raw material picked by his intellectual opponents would fall in value over any period longer than a year. In 1990 Simon won his bet when, not only did the value of a total basket of raw materials fall in real terms, but each individual item on a list including copper, nickel, tin, and tungsten - had in real terms fallen in price.