---
title: "Harold Hotelling"
type: "entity"
entity_kind: "person"
status: "hub"
canonical_name: "Harold Hotelling"
aliases: []
first_seen: "2026-07-12T00:00:00.000Z"
writer_model: "claude-sonnet-5"
connects_to: ["Hotelling's rule","Margaret E. Slade","Henry Thille","shadow price (resource economics)"]
---


Economist and statistician who wrote the founding 1931 paper "The Economics of Exhaustible Resources," the origin of the "r-percent rule" that now names the vault's Hotelling's-rule claim cluster — a classical counterpoint to the vault's separate cost-of-production / unforgeable-costliness cluster. [[entity-margaret-e-slade|Slade]] and [[entity-henry-thille|Thille]]'s review, the vault's primary source for this cluster, derives and empirically tests his model rather than superseding it.

## References
- [[claim-hotellings-rule-shadow-price-rises-at-rate-of-interest]] · [[claim-hotellings-rule-predicts-shape-distinct-from-cost-of-production-cluster]] · [[claim-hotelling-model-frequently-rejected-by-empirical-commodity-data]]
- Captures: 10-inbox/raw/2026-07-16-does-hotellings-rule-for-exhaustible-resource-pricing-predict.md