Search Results for: "1970s"
Relevance | DateMining the Master Resource
By Robert Bradley Jr. -- July 11, 2025 No Comments“To turn the noun ‘resources’ into the verb ‘resourcing,’ to discard entirely the notion of a resource ‘glass’ that is somewhere between full and empty, requires one more analytic step—a step that Zimmermann failed to take.”
In 1972, just two years after the first Earth Day, a team of scholars from MIT published a 200-page book called The Limits to Growth. Using the emerging instrument of computer models, they created a worldwide stir by suggesting that science had now put numbers to a few self-evident truths. Non-renewable resources are fixed; the consumption of such resources must eventually end; any civilization based on such consumption must collapse. New York Times columnist Anthony Lewis called the work “likely to be one of the most important documents of our age” (January 28, 1972).
Of course, the scholars acknowledged that they were dealing with variables.…
Continue ReadingThe First Solar Power Plant: 1916
By Robert Bradley Jr. -- July 2, 2025 No Comments“We have proved the commercial profit of sun power in the tropics and have more particularly proved that after our stores of oil and coal are exhausted the human race can receive unlimited power from the rays of the sun.” – Frank Shuman, quoted in “American Inventor Uses Egypt’s Sun for Power,” New York Times, July 2, 1916.
Solar electricity is not an infant industry. The following Wiki information (verbatim) on the inventor Frank Shuman tells an important part of the story.
- On August 20, 1897, Shuman invented a solar engine that worked by reflecting solar energy onto one-foot square boxes filled with ether, which has a lower boiling point than water, and containing black pipes on the inside, which in turn powered a toy steam engine. The tiny steam engine operated continuously for over two years on sunny days next to a pond at the Shuman house.
Solar Tax Credits: 1978–2025 (never enough)
By Robert Bradley Jr. -- June 30, 2025 1 CommentAaron Nichols on LinkedIn provided a history of federal solar tax subsidies, beginning with Jimmy Carter. His point was to show that the numerous extensions (15 by my count) were bipartisan. My point, instead, is that on-grid solar is inherently noncompetitive against free market energies. [Note: AN blocked me]

Solar tax credits were not “created by the Inflation Reduction Act” or “invented by the Biden Administration,” Nichols begins. He continues:
The first solar energy incentives were created in 1978 by Jimmy Carter’s Administration. They’ve even enjoyed bipartisan support and been renewed by Republican administrations! Here’s a high-level history of solar tax credits:
1978: The Energy Tax Act of 1978 set the first federal solar ITC at 10% of project costs. Congress extended and modified this credit through the early 1980s, eventually making a 10% solar ITC permanent in 1992.…
Thomas R. DeGregori: Last Knight of Institutionalist Resourceship (two tributes)
By Administrator -- June 27, 2025 No CommentsIn Memoriam, Thomas Roger DeGregori (1935–2025)
Pierre Desrochers
Tom DeGregori, professor emeritus of economics at the University of Houston whose work has been discussed on a few occasions on this blog, passed away a few days ago. Thousands of people knew him better than me (we only met twice), but he became an occasional correspondent nearly three decades ago after I had serendipitously come across his work on technological change on the bookshelves of the Université de Montréal while researching my doctoral dissertation.
I was hooked and tried to get my hands on anything he had published in defense of human creativity and material progress, including modern agriculture. At first my readings were limited to his articles in the Journal of Economic Issues and other academic outlets then available at my alma mater.…
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