“… knowledge is truly the mother of all resources.” – Erich Zimmermann (1951).

Thanksgiving 2020 presents an opportunity to step back and appreciate the driver of progress in the free economy: the liberated, liberating entrepreneur. The change-makers of the market drive the creation and usage of resources, as well documented by the oil and gas extraction revolution of the last decade or more.

Increasing “depletable”  resources is a paradigmatic example of what Julian Simon called “the ultimate resource,” human ingenuity. Resourceship is a term that the followers of Erich Zimmermann, from Stephen McDonald to Pierre Desrochers, have popularized to understand mineral development.

Salient quotations from seven sources follow: institutional economist Zimmermann; fellow institutionalists Wesley Mitchell and Tom DeGregori; political scientist David Osterfeld; economists Terry Anderson and Donald Leal; economist M.…

This completes our two-part review (Part I here) of the development and worldview of Joanna Szurmak, whose work with Pierre Desrochers is at the forefront of classical-liberal scholarship in sustainable development.

Q. And the shorter pieces led to something bigger—a book, Population Bombed!

A. Yes. Since Julian Simon’s influence and inspiration was in our minds, in late 2017 we realized that Simon’s nemesis, Paul Ehrlich, was approaching the 50^th anniversary of his bestseller, The Population Bomb (1968). This slim book—really a collection of Ehrlich’s lecture notes that his wife and life-long collaborator Anne Ehrlich stitched together into a narrative—became a manifesto to population-control activists around the world.

Like Simon, we disagreed with both the premises and the arguments of those who Pierre likes to call the “population bombers.” But we had been noticing an upsurge in calls to impose controls on world population in the name of environmental health and climate justice.

“Only a relatively large population able to engage in a complex division of labour in the context of trade, industrialization and urbanization can reap the benefits of the feedback loop between technological innovation, increased economic prosperity, and population growth.”

“The most resilient solution for a cleaner earth and better climate, even with the spectre of anthropogenic climate change, is that of intensive growth thanks to, and not in spite of, a large population.”

– Joanna Szurmak (below)

Q. Joanna, you are a new name in the sustainable development field as co-author (with Pierre Desrochers) of Population Bombed! Exploding the Link Between Overpopulation and Climate Change (2018). How did you get to that point?

A. I am new in most areas of scholarship familiar to MasterResource readers. If they happen to have an interest in how amorphous hydrogenated carbon can be made to behave like a semiconductor, they will find my publications from the late 1990s.

Editor Note: This post is by two leading scholars working in the Julian Simon, Austrian School, Institutionalist School traditions. Authors of Population Bombed!, Pierre Desrochers and Joanna Szurmak are important figures at MasterResource.

Even greater creativity and market complexity can be observed in the history of the petroleum production and refining industries. Market institutions and incentives provide the framework from which a plenitude of individuals and companies make their contribution.

Black, Black Progress

Petroleum was first sought after in western Pennsylvania in the 1850s, as it proved a more economical source of kerosene (a combustible hydrocarbon used for illumination), which had previously been produced from coal, oil shale, and bitumen. Kerosene was seen as a superior and more reliable alternative to animal and vegetable oils, the best of which were derived from sperm whales.…