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FinaleSlides - 1. The values society places on natural...

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1. The values society places on natural resources and the environment are changing Historically forest were valued solely for timber harvests and ‘cleared’ land; now recognize benefits from standing forests. Fisheries historically considered limitless, but many harvested to point of collapse. Biodiversity historically not considered as a resource; some species (nuisances) systematically eliminated, others systematically introduced. Concern over fossil fuels historically limited to fears of ‘running out’; now recognized that use leads to climate change and air pollution.
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2. Traditional policy approaches have often made matters worse rather than better: Traditional management often based on physical principles for management , such as MSY in fisheries and forestry. Traditional public forest management has led to wasteful harvesting; wrong harvest ages, wrong forests. Traditional fisheries management has caused economic waste: low returns, low wages, chronic unemployment, over-capacity, diminished
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This note was uploaded on 12/26/2011 for the course ECON 122 taught by Professor Staff during the Fall '08 term at UCSB.

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FinaleSlides - 1. The values society places on natural...

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