United States. Researcher Paul Elrich pays Julian Simon 576USD for losing the bet. and John Holdren. Ten years earlier, in 1980, Simon had asked Elrich to take a basket of any resource. If after ten years the real price of the basket has increased Simon would have lost the bet. Elrich chooses copper, chromium, nickel, tin, tungsten, on September 29, 1980. After ten years, all resources cost less. The entire portfolio costs about half. And starting from the year 2000 the dematerialization of goods and value begins, also leading to a strong and constant decline in the demand for quantities of raw materials, by the most developed economies.
