Economics

Forest resources are the ideal starting point for the complex 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. A companion volume, Institutions, Sustainability, and Natural Resources: Institutions for Sustainable Forest Management, is also available.