Economics, Sustainability, and Natural Resources - Economics of Sustainable Forest Management
Edited by Kant, Shashi; Berry, R. Albert
Vol. 1 in a new series Sustainability, Economics, and Natural Resources
Hardcover 270 pp ISBN 9781402034657
The economics of sustainability is much more complex than the neoclassical (Newtonian) economic approach
to economic efficiency. Forest resources provide the ideal starting point for the economic analysis of sustainability.
This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to
sustainability. Leading economists from different streams of economics discuss key economic aspects of sustainability
and sustainable forest management including complexity, ethical issues, consumer choice theory, intergenerational
equity, non-convexities, and multiple equilibria. This is the book which integrates different streams of economics'
complexity theory, behavioral economics, post-Keynesian consumer choice theory, social choice theory, and non-
convexities € and suggests the main features of Post-Newtonian economics.
This will be followed by a companion book, Institutions, Sustainability, and Natural Resources: Institutions for
Sustainable Forest Management, Volume 2 in the series.
Written for resource, forest, development, environmental and ecological economists, resource managers, forest
managers, policy makers, environmentalists, graduate students and NGOs
1. Sustainability, Economics, and Forest Management; Shashi Kant & R. Albert Berry.
Part one: Complexity, Ethics, and The Economics of Sustainable Forest Management.
2. Complexity, Muddling Through, and Sustainable Forest Management; David Colander.
3. Inter-temporal Ethics, Modern Capital Theory and the Economics of Sustainable Forest Management; M. Ali Khan.
Part two: Consumer Choice Theory and The Economics of Sustainable Forest Management.
4. Post-Keynesian Consumer Choice Theory for the Economics of Sustainable Forest Management; Marc Lavoie.
5. Behavioral Economics and Sustainable Forest Management; Jack L. Knetsch.
6. How Sustainable is Discounting?; Colin Price.
Part three: Social Choice Theory and the Economics of Sustainable Forest Management.
7. Intergenerational Equity and the Forest Management Problem; Tapan Mitra.
8. Can Stock-specific Sustainability Constraints be justified?; Geir B. Asheim & Wolfgang Buchholz.
Part four: Non-linearities, Multiple Equilibria and the Economics of sustainable forest management.
9. Complexities of Dynamic Forest Management Policies; J. Barkley Rosser, Jr.
10. Non-linearities, Biodiversity Conservation and Sustainable Forest Management; Jeffrey R. Vincent & Matthew D. Potts.
11. Joint Forest Management: Experience and Modeling; Milindo Chakrabarti, Samar K. Dutta, E. Lance Howe & Jeffrey B. Nugent.
Part five: Epilogue.
12. Post-Newtonian Economics and Sustainable Forest Management; Shashi Kant.
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