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The Bet: Paul Ehrlich, Julian Simon, and Our Gamble over Earth s Future Hardcover – September 3, 2013
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In 1980, the iconoclastic economist Julian Simon challenged celebrity biologist Paul Ehrlich to a bet. Their wager on the future prices of five metals captured the public’s imagination as a test of coming prosperity or doom. Ehrlich, author of the landmark book The Population Bomb, predicted that rising populations would cause overconsumption, resource scarcity, and famine—with apocalyptic consequences for humanity. Simon optimistically countered that human welfare would flourish thanks to flexible markets, technological change, and our collective ingenuity. Simon and Ehrlich’s debate reflected a deepening national conflict over the future of the planet. The Bet weaves the two men’s lives and ideas together with the era’s partisan political clashes over the environment and the role of government. In a lively narrative leading from the dawning environmentalism of the 1960s through the pivotal presidential contest between Jimmy Carter and Ronald Reagan and on into the 1990s, Paul Sabin shows how the fight between Ehrlich and Simon—between environmental fears and free-market confidence—helped create the gulf separating environmentalists and their critics today. Drawing insights from both sides, Sabin argues for using social values, rather than economic or biological absolutes, to guide society’s crucial choices relating to climate change, the planet’s health, and our own.
- Print length320 pages
- LanguageEnglish
- PublisherYale University Press
- Publication dateSeptember 3, 2013
- Dimensions5.5 x 1.06 x 8.25 inches
- ISBN-100300176481
- ISBN-13978-0300176483
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Editorial Reviews
From Publishers Weekly
Review
“[A] gem of a book. . . Sabin provides a fascinating and highly readable archaeology of political science in America.”—Publishers Weekly, starred review (Publishers Weekly)
“A brilliant idea for a book. . . . Sabin has produced an absorbing narrative of how two people’s ‘clashing insights’ unleashed on the world polarised views of the environmental and resource threats we face in the 21st century.”—Fred Pearce, New Scientist (Fred Pearce New Scientist)
“In his new book, The Bet, Paul Sabin has managed to write a work of serious historical scholarship about a vexing political issue — and make it read like a character-driven novel.”—David Leonhardt, The New York Times, Economix blog (David Leonhardt The New York Times, Economix blog)
“The Bet provides an important contribution to canonical works in environmental history and environmental studies. It is a remarkable story of a critical moment in the environmental movement, and Sabin has told it expertly.”—Frederick R. Davis, Florida State University (Frederick R. Davis 2013-03-14)
“In telling the story of Ehrlich and Simon's bet, Paul Sabin offers a compelling analysis of two very different, but equally important, ways of understanding the future of humans and the environment that still shape the world of environmental politics today."—Jay Turner, Wellesley College (Jay Turner 2013-03-14)
"Paul Sabin's The Bet is wonderfully conceived, sharply focused and entertainingly executed. In the story of a famous bet between two men of large egos, he manages to touch on the most basic problems we face in trying to come to terms with our current environmental crisis."—Richard White, author of Railroaded: The Transcontinentals and the Making of Modern America (Richard White 2013-04-04)
"A refreshingly readable and consistently insightful portrait of the ferocious American politics of global population and resources since the 1960s – and of two implacable enemies who strangely resembled one another."—J.R. McNeill, author of Something New Under the Sun: An Environmental History of the 20th-century World (J.R. McNeill 2013-04-15)
"Paul Sabin vividly and creatively explores the half century battle over environmental policy by telling the story of the clash —and famous “bet” — between Paul Ehrlich, the prophet of population doom, and Julian Simon, the advocate of technology and markets. My own wager is that The Bet will also provide a very valuable and timely framework for understanding today’s great environmental debates. In fact, I will double down on that bet!”— Daniel Yergin, Pulitzer-prize winning author of The Quest: Energy, Security, and the Remaking of the Modern World and of The Prize (Daniel Yergin 2013-05-13)
"Have you ever wondered why environmental politics became so bitterly divided along partisan party lines? Why does the left believe that climate change will harm us, while the right is certain that technological innovation will prevail? Paul Sabin’s smart, compelling analysis in The Bet helps us understand these ideological divides. Beautifully written, non-partisan, and filled with surprising insights, The Bet is essential reading for anyone who wants to understand modern environmental politics."—Nancy Langston, author of Toxic Bodies: DES and the Lessons of History (Nancy Langston 2013-05-13)
“Not so fast, argues historian Paul Sabin, who in The Bet attempts to use their wager to narrate parallel biographies of Simon and Ehrlich, as well as a US political environmental history of the past half-century. The result is a revealing tale.”—Jon Christensen, Nature (Nature Jon Christensen 2013-08-15)
"Informative, charming, and highly readable."—Tyler Cowen, Marginal Revolution (Tyler Cowen Marginal Revolution)
"A wonderful new book . . . . and a fantastic introduction to population-resource debates of the late-twentieth century. It will be the required first reading on this topic in my future courses."—Roger Pielke, Jr., The Energy Collective (Roger Pielke, Jr. The Energy Collective)
“An illuminating, judicious, and engaging examination of the conflict between environmentalists and their critics over the past five decades.”—Glenn C. Altschuler, Tulsa World (Glenn C. Altschuler Tulsa World)
A Best Science Book of 2013, New Scientist (New Scientist)
About the Author
Product details
- Publisher : Yale University Press; First Edition (September 3, 2013)
- Language : English
- Hardcover : 320 pages
- ISBN-10 : 0300176481
- ISBN-13 : 978-0300176483
- Item Weight : 1.1 pounds
- Dimensions : 5.5 x 1.06 x 8.25 inches
- Best Sellers Rank: #1,894,648 in Books (See Top 100 in Books)
- #294 in Environmental Policy
- #605 in Environmental Economics (Books)
- #1,042 in Environmental Science (Books)
- Customer Reviews:
About the author

Paul Sabin is the Randolph W. Townsend, Jr. Professor of History at Yale University. He is the author of PUBLIC CITIZENS: THE ATTACK ON BIG GOVERNMENT AND THE REMAKING OF AMERICAN LIBERALISM (2021); THE BET: PAUL EHRLICH, JULIAN SIMON AND OUR GAMBLE OVER EARTH'S FUTURE (2013); and, CRUDE POLITICS: THE CALIFORNIA OIL MARKET, 1900-1940 (2005). Before joining the Yale faculty, Paul served as founding executive director of the non-profit Environmental Leadership Program.
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Customers find the book thought-provoking, particularly for environmental historians, with one noting its relevance to today's critical political issues. They describe it as well-written and enjoyable to read, while also appreciating it as a really interesting slice of history.
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Customers find the book thought-provoking, with one customer highlighting its fascinating discussion about environmental policy and another noting its relevance to today's critical political issues, making it a must-read for environmental historians.
"This book is essential reading for environmentalists, economists, students of public policy, and anybody interested in modern history...." Read more
"...It’s an excellent book that both environmentalists and others will enjoy and get a lot from...." Read more
"...It's a great book for students and teachers, for environmentalists and economists, and for anyone interested in the fate of human life on earth." Read more
"...Julian Simon and their respective camps, The Bet establishes a compelling framework that provides insights into a critical conversation that remains..." Read more
Customers find the book well-written and enjoyable to read.
"...What made this book such a treat to read, however, is the entertaining style in which it is written...." Read more
"The Bet (2013) by Paul Sabin is a really fine book that looks at the different beliefs of the ecologist and author of The Population Bomb Paul..." Read more
"...It's a great book for students and teachers, for environmentalists and economists, and for anyone interested in the fate of human life on earth." Read more
"...This book is worth reading whether you are more concerned about resource degradation and overpopulation or misguided public policies intended to..." Read more
Customers find the book interesting, describing it as a fascinating slice of history, with one customer noting it provides an opportunity to revisit a formative period of environmental history.
"...economists, students of public policy, and anybody interested in modern history...." Read more
"..." of the 1980s, The Bet offers an opportunity to revisit a formative period of environmental history that continues to influence today's debates...." Read more
"...Sabin includes great origin stories for both Simon and Ehrlich, whose legacies still influence the environmental arena to this day...." Read more
"An interesting and well researched description of the background for "the bet", and a reminder to us all that "experts" can be found..." Read more
Top reviews from the United States
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- Reviewed in the United States on August 16, 2013This book is essential reading for environmentalists, economists, students of public policy, and anybody interested in modern history. It tells the story of a bet between an environmentalist and an economist. As an environmentalist, it has made me question assumptions about the relationship between population growth and scarcity that has been a driver of the environmental movement for the last 40 years. If folks on both sides of environmental politics would read this book, we might be able to actually move forward.
What made this book such a treat to read, however, is the entertaining style in which it is written. It is loaded with anecdotes about Paul Erlich and Julian Simon, who made the bet that is the centerpiece of the story, and the people around them that populated the political landscape. For example, I loved the description of Jimmy Carter's White House maintenance staff, nicknamed the "thermostat police," visiting people's offices to make sure they hadn't reset the thermostats, and of President Carter sweating through cabinet meetings to set an example for the rest of the country. This kind of amusing story gives the rather serious topic a lighter side, too.
- Reviewed in the United States on January 1, 2014The Bet (2013) by Paul Sabin is a really fine book that looks at the different beliefs of the ecologist and author of The Population Bomb Paul Ehrlich and the economist Julian Simon and their famous bet on the price of natural resources.
Sabin is an academic at Yale who teaches environmental history. He introduces the book by describing his own environmentalism which is a very honest and clear way of clarifying his own biases.
The book then looks at Paul Ehrlich’s rise to fame as a prophet of doom. Ehrlich’s childhood, career as a butterfly biologist and his rise a ecological activist is catalogued. Ehrlich’s book ‘The Population Bomb’ and his series of dire predictions and rise to fame in the 1960s and 1970s is described with insight.
Sabin then looks at Julian Simon’s childhood and career. Interestingly both Simon and Ehrlich grew up in suburban New Jersey to upwardly mobile Jewish parents. Simon went to Harvard then obtained an MBA and then a PhD at the University of Chicago. Simon initially worked on using marketing to reduce population growth but then investigated the assumption that increased population was a problem and came to the opposite conclusion.
Next the rise of environmentalism in the 1970s is described. The creation of the Environmental Protection Agency by Richard Nixon and the passage of various other laws and the rise of Jimmy Carter and his own environmental beliefs along with the oil crisis are discussed.
The book then gets to the famous bet between Simon and Ehrlich where Simon challenged Ehrlich to pick 5 metals that he thought would rise over the next decade. Ehrlich comprehensively lost the bet after declaring that taking up the bet would be easily getting free money. The Reagan presidency and Reagan ‘s scepticism of the benefits of further environmental regulation is summarised.
Sabin also points out that while the general thrust of the Carter was toward environmentalism and Reagan toward the market that Carter deregulated the energy industry substantially and Reagan signed on to the Montreal Protocol to reduce CFCs.
Then the increasing polarization of environmental debates between pro-market optimists and environmental catastrophists is nicely described. The contribution of Bjorn Lomborg in fact checking the debate, coming out generally on Simon’s side and then being demonised by environmentalists is added to the discussion. Despite being substantially wrong Ehrlich was far more successful in winning prizes and notoriety than Simon.
Sabin concludes the book by praising the contributions of both Ehrlich and Simon while pointing out that Ehrlich was categorically wrong. He credits Ehrlich with allowing increasing environmental regulations to be passed while crediting Simon with pointing out that the price mechanism and human ingenuity have shown Malthusians to be wrong for the past 200 years. Sabin would like to see more of a fusion between the two positions.
It’s an excellent book that both environmentalists and others will enjoy and get a lot from. Sabin has done an excellent job in writing a very readable, interesting book.
- Reviewed in the United States on August 12, 2013This book is about a small bet on a big topic. In practice, the bet between Julian Simon and Paul Ehrlich was about the prices of a basket of commodities. But the bet was really about the relationship between humankind and earth: were humans making their planet unlivable? Ehrlich, best known as the author of "The Population Bomb" thought that higher commodity prices would be a sign of increasing strains on natural resources, and proof of the growing precariousness of human existence. The economist Simon, on the other hand, but his money on technological innovation - even if commodities became scarcer, new techniques and technologies would lead to adjustments and demands and prices.
Sabin's book is well-written, making this dramatic and important subject easy reading. He appreciates both the big picture - what was really at stake in this bet - and the small details about the two bettors and how they came to make that wager.
It's a great book for students and teachers, for environmentalists and economists, and for anyone interested in the fate of human life on earth.
- Reviewed in the United States on August 11, 2013For those of us who lived through the "population bomb" threats of the 1970s, followed by the "Reagan Revolution" of the 1980s, The Bet offers an opportunity to revisit a formative period of environmental history that continues to influence today's debates. For those just learning of the ideological and political tussle between Paul Ehrlich and Julian Simon and their respective camps, The Bet establishes a compelling framework that provides insights into a critical conversation that remains unfinished.
Is the world about to end, or become deeply damaged? Or will progress, as ushered in through free-market capitalism, save the day? We continue to live with these profound questions, just as we did forty years ago. It's essential that we find ways to examine and discuss earth's potential pathways, and to choose the right routes. The Bet offers both a cautionary tale and possible signposts indicating how to productively engage in the complex challenges that aren't going away.
This is a must-read for environmental historians, environmentalists, capitalists, and anyone who cares about the future of the earth.
Top reviews from other countries
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Jaime DuránReviewed in Mexico on March 16, 2023
5.0 out of 5 stars Una apuesta por la humanidad del futuro
Tenía mucho interés en profundizar en el fondo de quienes participaron en esta apuesta. En general, tiendo más a coincidir con Simon que con Ehrlich, pero debo reconocer que ambos incurren en posturas que llevan la discusión a los extremos basados exclusivamente en la visión de sus propias ciencias (la biología y la economía)
- David E. GilesReviewed in Canada on March 15, 2015
1.0 out of 5 stars One Star
Very disappointing.