Wager between Julian Simon and Paul Ehrlich
Julian Simon and Paul Ehrlich entered in a famous wager in 1980, betting on a mutually agreed upon measure of resource scarcity over the decade leading up to 1990.Simon and Erlich agreed to bet on the price of several commodity metals. Erlich chose 5 metals: copper, chrome, nickel, tin, and tungsten. Simon bet that their prices would go down.
Julian Simon won handily.
