Natural Resource Economics: An Introduction by Barry C. Field
Natural resource economics is a branch of economics that studies how humans use and manage natural resources such as land, water, energy, minerals, forests, and wildlife. It also examines the environmental and social impacts of natural resource use and policy.
One of the most comprehensive and accessible textbooks on this topic is Natural Resource Economics: An Introduction by Barry C. Field, a professor of resource economics at the University of Massachusetts Amherst. The book was first published in 2001 and has been updated several times since then. The latest edition, published in 2015, covers the most recent developments and challenges in natural resource economics, such as climate change, fracking, energy efficiency, biodiversity conservation, international trade, and globalization.
The book is divided into six parts: introduction, building blocks, general natural resource issues, natural resource analysis, applied natural resource problems, and natural resources in international perspective. Each part consists of several chapters that explain the key concepts, theories, models, and empirical evidence related to natural resource economics. The book also provides numerous examples, case studies, exercises, and references to help readers apply their knowledge to real-world situations.
The book is suitable for undergraduate and graduate students who want to learn the basics of natural resource economics, as well as for researchers, practitioners, policymakers, and anyone interested in understanding the economic aspects of natural resource use and management.
If you want to download a pdf version of the book, you can find it online at various websites such as Google Books[^1^] or Internet Archive[^2^]. However, please note that downloading copyrighted material without permission may violate the law and the author's rights. Therefore, it is recommended that you purchase a legal copy of the book from a reputable source or borrow it from a library if you want to read it.
One of the main themes of the book is the concept of efficiency, which means using resources in a way that maximizes the net benefits to society. The book explains how efficiency can be achieved by using market prices, property rights, taxes, subsidies, regulations, and other policy instruments. The book also discusses the limitations and challenges of achieving efficiency, such as market failures, externalities, public goods, common-pool resources, uncertainty, and distributional issues.
Another theme of the book is the concept of intertemporal choice, which means making decisions that affect both present and future generations. The book shows how intertemporal choice can be analyzed using dynamic models, discounting techniques, and sustainability criteria. The book also explores the ethical and philosophical implications of intertemporal choice, such as the rights and responsibilities of current and future generations, the role of preferences and values, and the trade-offs between efficiency and equity.
A third theme of the book is the concept of diversity, which means recognizing and respecting the variety and complexity of natural resources and their users. The book illustrates how diversity can be measured and valued using different methods, such as ecological indicators, economic valuation, and multicriteria analysis. The book also examines how diversity can be enhanced or reduced by various policies and institutions, such as conservation programs, development projects, trade agreements, and global governance. 061ffe29dd