Skip to main content
SpringerLink
Log in

Economics, Sustainability, and Forest Management

  • Chapter
Economics, Sustainability, and Natural Resources

Part of the book series: Sustainability, Economics, and Natural Resources ((SENR,volume 1))

Abstract

This chapter provides an overview of the contents of the volume. To put those contents in perspective, it first reviews developments related to the concepts of sustainability and sustainable development, the reactions of some main stream economists, the main problematic features of traditional economics, and the resulting need for a new paradigm within economics if sustainability issues are to be adequately handled. Next, an overview of the economics literature on sustainability and sustainable forest management is provided. Finally, each chapter included in the five parts of this volume is briefly reviewed.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Ahmad, Y., Salah El S., & Ernst L. (1989). Environmental accounting for sustainable development: A UNDP-World Bank Symposium (Eds.). Washington, DC: World Bank.

    Google Scholar 

  • Asheim, G.B. (1986). Hartwick’s rule in open economies. Canadian Journal of Economics, 19(3), 395–402.

    Article  Google Scholar 

  • Asheim, G.B. (1994). Net national product as an indicator of sustainability. Scandinavian Journal of Economics, 96(2), 257–65.

    MATH  Google Scholar 

  • Asheim, G.B., & Tungodden, B. (2004). Resolving distributional conflicts between generations. Economic Theory, 24, 221–230.

    Article  MathSciNet  Google Scholar 

  • Asheim, G.B., Buchholz, W., & Tungodden, B. (2001). Justifying sustainability. Journal of Environmental Economics and Management, 41, 252–268.

    Article  Google Scholar 

  • Atsumi, H. (1965). Neoclassical growth and the efficient program of capital accumulation. Review of Economic Studies, 32, 127–136.

    Google Scholar 

  • Ayres, R.U., & Kneese, A.V. (1969). Production, consumption, and externalities. American Economic Review, 69, 282–297.

    Google Scholar 

  • Barbier, E.B. (1987). The concept of sustainable economic development. Environmental Conservation, 14(2), 101–10.

    Article  Google Scholar 

  • Bare, B.B., & Mendoza, G.A. (1992). Timber harvest scheduling in a fuzzy decision environment. The Canadian Journal of Forest Research, 22, 424–428.

    Google Scholar 

  • Beckerman, W. (1994). “Sustainable development”: Is it a useful concept? Environmental Values, 3(3), 191–209.

    Google Scholar 

  • Bourdieu, P. (1983). Ökonomisches kapital, kulturelles kapital, soziales kapital. In K. Reinhard (Ed.), Soziale ungleichheiten (pp. 183–198). (Soziale Welt, Sonderheft 2) (Goettingen: Otto Schartz & Co.). English translation available as, Forms of capital, in J. G. Richardson (Ed.), Handbook of theory and research for the sociology of education. New York: Greenwood.

    Google Scholar 

  • Brock, W.A. (1970). On existence of weakly maximal programmes in a multi-sector economy. Review of Economic Studies, 37, 275–280.

    MATH  Google Scholar 

  • Cardenas, J.C. (2004). Norms from outside and from inside: an experimental analysis on the governance of local ecosystems. Forest Policy and Economics, 6, 229–241.

    Article  Google Scholar 

  • Capra, F. (1982). The turning point: Science, society, and rising culture. New York: Simon and Schuster.

    Google Scholar 

  • Chichilnisky, G. (1997). What is sustainable development. Land Economics, 73(4), 467–491.

    Google Scholar 

  • Ciriacy-Wantrup, S.V. (1952). Resource conservation. Berkeley, CA: University of California Press.

    Google Scholar 

  • Colander, D. (2005). Complexity, muddling through, and sustainable forest management. Chapter 2, in this volume.

    Google Scholar 

  • Costanza, R. (1991). Ecological economics: The science and management of sustainability, (ed.) New York: Columbia University Press.

    Google Scholar 

  • Daly, H.E. (1990). Toward some operational principles of sustainable development. Ecological Economics, 2(1), 1–6.

    Article  Google Scholar 

  • Daly, H.E., & Cobb, J.E. (1989). For the common good: Redirecting the economy toward community, the environment, and a sustainable future. Boston, MA: Beacon.

    Google Scholar 

  • Dasgupta, P.S. (1995). Optimal development and the idea of net national product. In I. Goldin, & L.A. Winters (Eds.), The economics of sustainable development. Cambridge, U.K.: Cambridge University Press.

    Google Scholar 

  • Dasgupta, P. S., & Geoffrey, M.H. (1974). The optimal depletion of exhaustible resources. Review of Economic Studies, Symposium on the Economics of Exhaustible

    Google Scholar 

  • Dasgupta, P. S., & Geoffrey, M.H. (1979). Economic theory and exhaustible resources. Cambridge, U. K.: Cambridge University Press.

    Google Scholar 

  • Dasgupta, P., & Mäer, K. (1994). Poverty, institutions, and the environmental resource-base. In J Behrman and T. N. Srinivasan (Eds.), Handbook of Development Economics, Volume 3, Amsetrdam: North Holland.

    Google Scholar 

  • Diamond, P. (1965). The evaluation of infinite utility streams. Econometrica, 33, 170–177.

    MATH  MathSciNet  Google Scholar 

  • Einstein, A. (1949). Autobiographical Notes. In P. A. Schilpp (ed.) Albert Einstein: Philosopher — Scientist, (p.45). Evanston, Illinois: The Library of Living Philosophers Inc.

    Google Scholar 

  • Epstein, L. G. (1986). Intergenerational preference ordering. Social Choice Welfare, 3, 151–160.

    Article  MATH  Google Scholar 

  • Gale, D. (1967). On optimal development in a multi-sector economy. Review of Economic Studies, 34, 1–18.

    MathSciNet  Google Scholar 

  • Gong, P. (1992). Multi-objective dynamic programming for forest resource management. Forest Ecology and Management, 48, 43–54.

    Article  Google Scholar 

  • Harsanyi, J. (1955). Cardinal welfare, individualistic ethics, and interpersonal comparison of utility. Journal of Political Economy, 63, 309–321.

    Google Scholar 

  • Hartwick, J.M. (1977). Intergenerational equity and the investing of rents from exhaustible resources. American Economic Review, 67(5), 972–74.

    Google Scholar 

  • Hartwick, J.M. (1978a). Investing returns from depleting renewable resource stocks and intergenerational equity. Economics Letters, 1, 85–88.

    Google Scholar 

  • Hartwick, J.M. (1978b). Substitution among exhaustible resources and intergenerational equity. Review of Economic Studies 45:347–54.

    MATH  MathSciNet  Google Scholar 

  • Hegel, G.W.F. (1964). Political writings, translated by T. M. Knox. Oxford: Oxford University Press.

    Google Scholar 

  • Hegel, G.W.F. (1967). Elements of the philosophy of right. Translated by T. M. Knox. Oxford: Oxford University Press.

    Google Scholar 

  • Heisenberg, W. (1963). Physics and Philosophy: The revolution in modern science. London: George Allen and Unwin.

    Google Scholar 

  • Howarth, R.B., & Norgaard, R.B. (1990). Intergenerational resource rights, efficiency, and social optimality. Land Economics, 66(1), 1–11.

    Google Scholar 

  • Howarth, R.B. (1991a). Intertemporal equilibria and exhaustible resources: An overlapping generations approach. Ecological Economics, 4(3), 237–52.

    Article  Google Scholar 

  • Howarth, R.B. (1991b). Intergenerational competitive equilibria under technological uncertainty and an exhaustible resource constraint. Journal of Environmental Economics and Management, 21(3), 225–43.

    Article  MATH  Google Scholar 

  • Howarth, R.B., & Norgaard, R.B. (1992). Environmental valuation under sustainable development. American Economic Review, 82(2), 473–77.

    Google Scholar 

  • Howarth, R.B., & Norgaard, R.B. (1993). Intergenerational transfers and the social discount rate. Environmental and Resource Economics, 3(4), 337–58.

    Article  Google Scholar 

  • Howarth, R.B. (1995). Sustainability under uncertainty: A deontological approach. Land Economics, 71(4), 417–27.

    Google Scholar 

  • Ikerd, J.E. (1997). Toward an economics of sustainability. Available from the website: http: //www.ssu.missouri.edu/faculty/jikerd/papers/econ-sus.htm Accessed on August 1, 2004.

    Google Scholar 

  • Jevons, S. (1977). The coal question: An inquiry concerning the progress of the nation and the probable exhaustion of our coal mines. In The Study of the Future, edited by E. Cornish and others. Washington, DC: World Future Society. (Originally published in 1865.)

    Google Scholar 

  • Kahneman, D., & Tversky, A. (Eds.) (2000). Choices, values, and frames. Cambridge: Cambridge University Press

    Google Scholar 

  • Kangas, J. (1993). Integrating biodiversity into forest management planning and decision making. Forest Ecology and Management, 61, 1–15.

    Article  Google Scholar 

  • Kant, S. (2003a). Extending the boundaries of forest economics. Forest Policy and Economics, 5, 39–56.

    Article  Google Scholar 

  • Kant, S. (2003b). Choices of ecosystem capital without discounting and prices. Environmental Monitoring and Assessments, 86, 105–127.

    Google Scholar 

  • Kant, S., & Lee, S. (2004). A social choice approach to sustainable forest management: An analysis of multiple forest values in Northwestern Ontario. Forest Policy and Economics, 6, 215–227.

    Google Scholar 

  • Koopmans, T.C. (1960). Stationary ordinal utility and impatience. Econometrica, 28, 287–309.

    MATH  MathSciNet  Google Scholar 

  • Krautkraemer, J.A. (1985). Optimal growth, resource amenities, and the preservation of natural environments. Review of Economic Studies, 52(1), 153–70.

    MATH  Google Scholar 

  • Krutilla, John V. (1967). Conservation reconsidered. American Economic Review, 54(4), 777–86.

    Google Scholar 

  • Lauwers, L. (1997). Continuity and equity with infinite horizons. Social Choice Welfare, 14, 345–356.

    MATH  MathSciNet  Google Scholar 

  • Liu, G., & Davis, L.S. (1995). Interactive resolution of multi-objective forest planning problems with shadow price and parametric analysis. Forest Science, 41, 452–469.

    Google Scholar 

  • Malthus, T.R. (1976). An essay on the principle of population. New York: Norton. (Originally published in 1798.)

    Google Scholar 

  • McFadden, D. (1999). Rationality for economists? Journal of Risk and Uncertainty, 19(1-3), 73–105.

    MATH  Google Scholar 

  • McKenzie, L.W. (1983). Turnpike theory, discounted utility, and the von Neumann facet. Journal of Economic Theory, 30, 330–352.

    Article  MATH  MathSciNet  Google Scholar 

  • McKenzie, L.W. (1986). Optimal economic growth, Turnpike theorems and comparative dynamics. In K.J. Arrow, M. Intrilligator (Eds.), Handbook of mathematical economics, Vol. 3 (pp. 1281–1355). New York: North-Holland Publishing Company.

    Google Scholar 

  • Meadows, Donella H., Dennis L. Meadows., Jorgen R. & William B. III. (1972). The limits to growth. New York: Universe Books.

    Google Scholar 

  • Misra, D., & Kant, S. (2004). Production analysis of collaborative forest management using an example of joint forest management from Gajarat, India. Forest Policy and Economics, 6, 301–320.

    Article  Google Scholar 

  • Mitra, T., & Wan, H. Jr. (1986). On the Faustmann solution to the forest management problem. Journal of m Economic Theory, 40, 229–249.

    MathSciNet  Google Scholar 

  • Mitra, T., Ray, D., & Roy, R. (1991). The economics of orchards: An exercise in point-input flow-output capital theory. Journal of Economic Theory, 53, 12–50.

    Article  MathSciNet  Google Scholar 

  • Page, T. (1997). On the problem of achieving efficiency and equity, intergenerationally. Land Economics, 73(4), 580–596.

    Google Scholar 

  • Pattanayak, S.K., Abt, R.C., Sommer, A.J., Cubbage, F., Murray, B.C., Ynag, J.C., Wear, D., & Ahn, S. (2004). Forest forecasts: does individual heterogeneity matter for market and landscape outcomes? Forest Policy and Economics, 6, 243–260.

    Article  Google Scholar 

  • Pearce, D. (1988). Economics, equity, and sustainable development. Futures, 20(6), 598–605.

    Google Scholar 

  • Pearce, D. (1994). Panel Discussion. In I. Serageldin., & A. Steer (eds.) Valuing the environment: Proceedings of the First Annual International Conference on Environmentally Sustainable Development (pp.69–71), Washington D.C.: The World Bank

    Google Scholar 

  • Pearce, D.W., Markandya, A., & Barbier, E.B.. (1989). Blueprint for a green economy. London, U.K.: Earthscan.

    Google Scholar 

  • Pearce, D.W., & Giles D. Atkinson. 1993. Capital theory and the measurement of sustainable development: An indicator of “weak” sustainability. Ecological Economics, 8(2), 103–8.

    Article  Google Scholar 

  • Pezzey, John. C.V. (1989). Economic analysis of sustainable growth and sustainable development. Environment Department Working Paper No. 15. Washington, DC: World Bank. Published as Sustainable Development Concepts: An Economic Analysis. World Bank Environment Paper No. 2. Washington, DC: World Bank.

    Google Scholar 

  • Pezzey, John. C.V. (1992). Sustainability: An interdisciplinary guide. Environmental Values, 1(4), 321–62.

    Google Scholar 

  • Pezzey, John. C.V. (1994). The optimal sustainable depletion of non-renewable resources. Paper presented at Association of Environmental and Resource Economists Workshop, Boulder, CO, and European Association of Environmental and Resource Economists Annual Meeting, Dublin, Ireland.

    Google Scholar 

  • Pezzey, John C.V. (1997). Sustainability constraints versus “optimality” versus intertemporal concern, and axioms versus Data. Land Economics, 73(4), 448–66.

    Google Scholar 

  • Pezzey, John C.V., & Toman, M.A. 2002. The economics of sustainability: A review of journal articles. Discussion Paper 02-03, Washington, D. C.: Resources for the Future.

    Google Scholar 

  • Pezzey, John C.V., & Toman, M.A. 2003. Progress and problems in the economics of sustainability. In T. Tietenberg and H. Folmer (Eds). The International Yearbook of Environmental and Resource Economics 2002/2003 (pp. 165–232). Cheltenham: Edward Elgar.

    Google Scholar 

  • Radner, R. (1961). Paths of economic growth that are optimal with regard to final states. Review of Economic Studies, 28, 98–104.

    Google Scholar 

  • Rawls, J. (1971). A theory of justice. Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Repetto, R., Michael W., Christine B., & Fabrizio R. (1989). Wasting assets: Natural resources in the national income accounts. Washington, DC: World Resources Institute.

    Google Scholar 

  • Suppes, P. (1966). Some formal models of grading principles. Synthese, 6, 284–306.

    Google Scholar 

  • Sen, A.K. (1970). Collective choice and social welfare. Edinburgh: Oliver and Boyd.

    Google Scholar 

  • Sen, A.K. (1973). Behavior and the concept of preference. Economica, 40, 241–259.

    Google Scholar 

  • Sen, A.K. (1977). Rational fools: A critique of the behavioral foundations of economic theory. Philosophy and Public Affairs, 6, 317–344.

    Google Scholar 

  • Solow, Robert M.( 1986). On the intergenerational allocation of natural resources. Scandinavian Journal of Economics, 88(1), 141–149.

    Google Scholar 

  • Solow, R.M. (1974). Intergenerational equity and exhaustible resources. Review of Economic Studies, Symposium on the Economics of Exhaustible Resources. Edinburgh, Scotland, Longman Group Ltd.

    Google Scholar 

  • Stiglitz, J.E. (1974). Growth with exhaustible natural resources: Efficient and optimal growth paths. Review of Economic Studies, Symposium on the Economics of Exhaustible Resources. Edinburgh, Scotland, Longman Group Ltd.

    Google Scholar 

  • Svensson, Lars E. O. (1986). Comments on Solow: On the intergenerational allocation of natural resources. Scandinavian Journal of Economics 88(1), 153–55.

    MathSciNet  Google Scholar 

  • Svensson, L.G. (1980). Equity among generations. Econometrica, 48, 1251–1256.

    MATH  MathSciNet  Google Scholar 

  • Toman, M.A., Mark, P., & Ashton, S. (1996). Sustainable forest ecosystems and management: A review article. Forest Science, 42(3), 366–377.

    Google Scholar 

  • von Weizsäcker, C.C. (1965). Existence of optimal programs of accumulation for an infinite time horizon. Review of Economic Studies, 32, 85–104.

    Google Scholar 

  • Wang, S. (2004). One hundred faces of sustainable forest management. Forest Policy and Economics, 6, 205–213.

    Google Scholar 

  • WCED (World Commission on Environment and Development). (1987). Our Common Future. Oxford, U.K.: Oxford University Press.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Faculty of Forestry, University of Toronto, 33 Willcocks Street, Toronto, Canada, M5S 3B3

    Shashi Kant

  2. Munk Centre for International Studies, University of Toronto, 1 Devonshire Place, Toronto, Canada, M5S 3K7

    R. Albert Berry

Authors
  1. Shashi Kant
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. R. Albert Berry
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Faculty of Forestry, University of Toronto, Canada

    Shashi Kant

  2. Munk Centre for International Studies, University of Toronto, Canada

    R. Albert Berry

Rights and permissions

Reprints and permissions

Copyright information

© 2005 Springer

About this chapter

Cite this chapter

Kant, S., Berry, R.A. (2005). Economics, Sustainability, and Forest Management. In: Kant, S., Berry, R.A. (eds) Economics, Sustainability, and Natural Resources. Sustainability, Economics, and Natural Resources, vol 1. Springer, Dordrecht. https://doi.org/10.1007/1-4020-3518-7_1

Download citation

Publish with us

Policies and ethics

Search

Navigation