Resource Regimes: Natural Resources and Social Institutions

Resource Regimes: Natural Resources and Social Institutions by Oran R. Young explores how societies govern the use of scarce natural resources and the pivotal role of social institutions in shaping those decisions. Young begins by clarifying what counts as a natural resource: goods whose supply is constrained by nature and produced largely without human intervention, such as coal deposits, oil pools, or pristine forests. He emphasizes, however, that the line between “natural” and “man-made”...