We show that the decline in the extinction rate during the Phanerozoic can be
accurately parameterized by a logarithmic fit to the cumulative total
extinction. This implies that extinction intensity is falling off approximately
as the reciprocal of time. We demonstrate that this observation alone is
sufficient to explain the existence of the proposed power-law forms in the
distribution of the sizes of extinction events and in the power spectrum of
Phanerozoic extinction, results which previously have been explained by
appealing to self-organized critical theories of evolutionary dynamics.Comment: 11 pages including 3 postscript figures, typeset in LaTeX 2e using
the Elsevier macro package elsart.cl