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Ep. 172 How Much Oil Should Humanity Use This Year?

Harold Hotelling in 1931 wrote the pioneering article “The Economics of Exhaustible Resources” that described the equilibrium prices over time for a finite resource such as oil or coal. Bob explains the answer and how it matches with the Austrian view of time preference.

Mentioned in the Episode and Other Links of Interest:

The audio production for this episode was provided by Podsworth Media.

About the author, Robert

Christian and economist, Research Assistant Professor with the Free Market Institute at Texas Tech, Senior Fellow with the Mises Institute, and co-host with Tom Woods of the podcast "Contra Krugman."

1 Comment

  1. LAS on 01/08/2021 at 9:11 PM

    Why have a set podcast length? If it takes 2 hours to make a point do that. If its 17 minutes do that. Also please consider posting videos other places besides youtube.

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