Economic Theories of Exhaustible Resources

Originally published in 1989. Professor Robinson examines natural resource classification and the nature of return in mining, giving particular emphasis to different sources of long-run price changes in mining and their relevance for user cost and the economic treatment for exhaustible resources. He then documents the differing views of various authors about the future availability of mineral resources and the extent of user cost involved in their exploitation. This book should be of interest to students and researchers of Economic Theory and Policy.