A firm grounding in economics is integral to sound forest management, investment, policies, and practices. Forest Economics covers the basic economic concepts, principles, and constructs and shows how these are applied in private and public forestry decision making.This comprehensive edition contains up-to-date data, examples, and applications of economic principles, along with literature and study questions, and additional valuable content in several key areas:

Each year, thirteen million anglers enjoy the sport of saltwater angling in the United States, generating an estimated $30 billion in sales and supporting nearly 350,000 jobs. Recreational saltwater fishing, however, can significantly impact species of concern-species overfished or experiencing overfishing. Traditional angling controls-bag and size limits and restricted seasons-have fallen short in controlling fishing impacts and reducing conflicts among fishing and non-fishing interests.

There is an emerging consensus that all is not well with today’s market-centric economic model. Although it has delivered wealth over the last half century and pulled millions out of poverty, it is recession-prone, leaves too many unemployed, creates ecological scarcities and environmental risks, and widens the gap between the rich and the poor. Around $1 trillion a year in perverse subsidies and barriers to entry for alternative products maintain “business-as-usual” while obscuring their ...

The northern cod have been almost wiped out. Once the most plentiful fish on the Grand Banks off the coast of Newfoundland, the cod is now on the brink of extinction, and tens of thousands of people in Atlantic Canada have been left without work by a 1992 moratorium on fishing the stock. Today, the Pacific salmon stocks are in similar trouble – victims of the same blind, stupid greed.Angry, accusatory fingers have been pointed at various possible culprits for the collapse of the co...

As Singapore enters its 50th year of independence, it is a time for introspection to look back at the successes and challenges of the past, but is also a crucial time to consider what the future holds for the nation.Singapore 2065: Leading Insights on Economy and Environment from 50 Singapore Icons and Beyond is one such key contribution to the endeavour of thinking about what lies ahead. While many forthcoming projects and books take a more retrospective approach reflecting upon Singapore...

Over the past twenty years considerable public attention has been focused on the decline of marine fisheries, the sustainability of world fish production, and the impacts of fishing on marine ecosystems. Many have voiced their concerns about marine conservation, as well as the sustainable and ethical consumption of fish. But are fisheries in danger of collapse? Will we soon need to find ways to replace this food system? Should we be worried that we could be fishing certain species to extin...

Fishing has played a vital role in human history and culture. But today this key resource faces a serious crisis as most species are being overfished or fished to their very limit. Governments have tried to tackle the problem with limited success. Many of their actions have been counterproductive or ineffective. What will happen to global fisheries, and the populations that depend on them, as we continue to catch more fish than the oceans can reproduce?This book explores the causes...

In The Price of Fish, Michael Mainelli and Ian Harris examine in a unique way the world s most abiding and wicked problems sustainability, global warming, over-fishing, overpopulation, the pensions crisis; all of which are characterized by a set of messy, circular, aggressive and peculiarly long-term problems and go on to suggest that it is not the circumstances that are too complex, but our way of reading them that is too simple. Too simple and often wrong. The authors aim to blend four s...

Stories of predatory lending practices and the reckless destruction of the environment by greedy corporations dominate the news, suggesting that, in business, ethics and profit are incompatible pursuits. Yet some of the worst lenders are now bankrupt, and Toyota has enjoyed phenomenal success by positioning itself as the green car company par excellence. These trends suggest that antisocial corporate behavior has its costs, especially in terms of the stock market, which penalizes companies...

In recent years, the number of presidential declarations of “major disasters” has skyrocketed. Such declarations make stricken areas eligible for federal emergency relief funds that greatly reduce their costs. But is federalizing the costs of disasters helping to lighten the overall burden of disasters or is it making matters worse? Does it remove incentives for individuals and local communities to take measures to protect themselves? Are people more likely to invest in property in hazardo...

Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, ...

Too many fishing vessels chasing too few fish is a persistent problem in many countries. To address this, governments often turn to vessel decommissioning schemes as a means of adjusting fishing capacity to match available fish resources. This report presents a set of best practice guidelines on the design and implementation of decommissioning schemes. By drawing on case studies of decommissioning schemes from OECD and non-OECD countries, it provides policy makers and fisheries managers wi...