Not Long Before the End? SF and the Economics of Resource Scarcity

Track:
Science Fiction/Fantasy
What:
Talk
When:
19:00, Thursday 30 Jul 2020 NZST (50 minutes)
Where:
Programming - Programme Room 4 (Webinar)
Discussion:
1
A few years ago, oil prices were spiking and there were confident predictions of Peak Oil. Oil prices have fallen by more than half since then. Predictions of looming, devastating scarcity of some key resource are ever popular, in the media and in science fiction… but don’t seem to come true very often. What are the economic forces that ensure that spells of resource scarcity hardly ever last? What are plausible reasons why those forces might stop working? How convincing have authors describing future scarcity Earths been in coming up with such reasons?
Speaker
Professor of economics