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Does More People Equal More Abundance? The Myth of Economic Scarcity

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Economist Gale Pooley challenges the conventional wisdom that we are using up our resources and heading towards what economist Paul Ehrlich called “The Population Bomb.” Jay Richards interviews Dr. Pooley, Professor of Economics at BYU-Hawaii, about the myth of economic scarcity. In fact, more people equals more abundance, not less. While every person born adds another mouth to feed, it also adds two hands and trillions of brain cells.

Dr. Gale L. Pooley is an associate professor of business management at Brigham Young University-Hawaii. He also has taught economics and statistics at Alfaisal University in Riyadh, Saudi Arabia, Brigham Young University-Idaho, Boise State University, and the College of Idaho. Dr. Pooley holds professional designation from the Appraisal Institute, the Royal Institute of Chartered Surveyors and the CCIM Institute. He earned his BBA in Economics at Boise State University, did graduate work at Montana State University and completed his PhD at the University of Idaho. His dissertation topic was on the Knowledge Acquisition Preferences of the CEOs of the Inc. 500. In 1986 he founded Analytix Group, a real estate valuation and consulting firm. Analytix Group has performed over 4,000 appraisals in the U.S. and Saudi Arabia.

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