1. In his book The Ultimate Resource, economist Julian Simon makes the point that calling the resource base “finite” is misleading. To illustrate this point, he uses a yardstick, with its one-inch markings, as an analogy. The distance between two markings is finite—one inch—but an infinite number of points is contained within that finite space. Therefore, in one sense, what lies between the markings is finite, while in another, equally meaningful sense, it is infinite.

Is the concept of a finite resource base useful or not? Why or why not?