Economics of Ecological Resources: Selected Essays

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Presents recently published work on ecological economies, sustainability, poverty, resource degradation, and decision making, exploring the allocation of resources in jointly determined ecological-economic systems. After a chapter examining the work of other major contributors to the field and introducing Perrings' work, sections focus on dynamics of joint systems, effects of the economic environment on private decisions in low-income, resource-dependent economies, and the way that decision makers handle the uncertainty that is part of the ecological-economic system. For academics, researchers, and students of ecological and environmental economics. Annotation c. by Book News, Inc., Portland, Or.
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Table of Contents

List of figures
List of tables
Introduction: the nature of economics and the economics of nature
Pt. I The Control and Sustainability of Ecological-Economic Systems
1 Conservation of mass and the time behaviour of ecological-economic systems 3
2 Ecological sustainability and environmental control 19
3 Ecological resilience in the sustainability of economic development 45
4 Towards an ecological economics of sustainability (with M.S. Common) 64
Pt. II The Economic Environment and Ecological Change
5 An optimal path to extinction? Poverty and resource degradation in the open agrarian economy 93
6 Industrial growth, rural income and the overexploitation of land in the dual economy 118
7 Stress, shock and the sustainability of resource use in semi-arid environments 142
Pt. III Uncertainty, Innovation and Choice
8 Reserved rationality and the precautionary principle: technological change, time and uncertainty in environmental decision-making 179
9 Environmental bonds and environmental research in innovative activities 194
10 Biodiversity, sustainable development and natural capital 211
Postscript: ecology, economics and ecological economics 232
Index 246
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