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Item Details
| Title:
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POST-FAUSTMANN FOREST RESOURCE ECONOMICS
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| By: |
Shashi Kant (Editor) |
| Format: |
Hardback |
| List price:
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£129.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
9400757778 |
| ISBN 13: |
9789400757776 |
| Publisher: |
SPRINGER |
| Pub. date: |
8 February, 2013 |
| Edition: |
2013 ed. |
| Series: |
Sustainability, Economics, and Natural Resources 4 |
| Pages: |
293 |
| Description: |
This book offers a unique critique of the dominant paradigm of forest economics, Faustmann Forest Economics. It presents new economic approaches, applications of experimental methods and systems approaches, and new perspectives about temporal aspects. |
| Synopsis: |
The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers of the FF approach have trapped themselves into the past, and have not shown any indication of economic acumen of the great Faustmann. This has resulted in a common problem in the current paradigm of forest economics, known as Faustmann Forest Resource Economics (FFRE), to prescribe the application of a single (FF) approach to all situations irrespective of the specific features of the situation. The current state of forest economics is similar to that of neoclassical economics, and is full of inefficiencies. In neoclassical economics, inefficiencies are due to its "locked-in" position in rational economic man, while in forest economics inefficiencies are due to its "locked-in" position in the FF. The focus of this volume is on the new paradigm of forest economics termed as Post-Faustmann Forest Resource Economics (PFFRE). The first chapter lays the foundation of the PFFRE, and presents the key distinctions between the FFRE and the PFFRE. The volume includes twelve other chapters that address issues related to forest economics from perspectives different than the FFRE. Chapter 2 to 6 are focused on issues related to human behavior that is different than the rational economic man, Chapter 7 and 8 on public choice theory, Chapter 9 and 10 on systems approaches, and Chapter 11 to 13 on incremental approaches to incorporate new features in the FFRE. |
| Illustrations: |
27 Tables, black and white; 18 Illustrations, color; 38 Illustrations, |
| Publication: |
Netherlands |
| Imprint: |
Springer |
| Returns: |
Returnable |
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