Economics of Evironmental Conservation, Second Edition [...]... years, I have not lost my enthusiasm for ecological economics and the conservation of nature Therefore, I was delighted when Edward Elgar told me that he would be interested in publishing a second edition of Economics of Environmental Conservation and suggested a practical method for producing the new manuscript The first edition of the Economics of Environmental Conservation was published in 1991 by... P Population level Figure 1.3 Ricardian model of limits to economic growth emphasising importance of population levels and of technological change 14 Economics of environmental conservation with the intersection point, B, of the production function with line OD and implies an equilibrium level of population of P2 and an equilibrium level of total output of y3 given the conditions previously described... ENVIRONMENT AND THE BIOSPHERE Economics is the science which studies the allocation of scarce resources in society as a means to the satisfaction of human wants or desires In order to deal with the essential problem of economics, one has to take account of available resources and methods of production of commodities, their exchange and the way in which income is distributed Economics, as it has evolved,... frequently required as a means of maximising human welfare (or at least, avoiding inferior welfare outcomes) in a world of limited resource availability Let us therefore broadly consider the relevance of alternative types of welfare economics to biological conservation The major portion of the dominant theory of welfare economics is based upon the view that the wants of individuals are to be satisfied... 5.1 Main sources of value of conserving wildlife with examples and explanations 5.2 Components of total economic value of wildlife along the lines suggested by Pearce et al (1989) 5.3 Ciriacy-Wantrup/Bishop type of matrix for determining the desirability of saving a species from extinction 11.1 A list of different sustainability objectives xv 37 54 111 112 124 263 Preface to the second edition Over the... on this new edition and Hemanath Swarna Nantha for suggesting and supplying some useful source materials for this revision Indirectly, the revision benefited as a result of an Australian Research Council Grant for studying the economics of conserving Australia’s tropical wildlife, joint investigations on the economics of conserving Asian elephants with Dr Ranjith Bandara of The University of Colombo,... because of the use of inferior technologies or because of a 6 Economics of environmental conservation poor allocation of resources between man-made production and natural production, e.g., some land areas comparatively suited to natural production may be allocated to man-made production and vice versa (cf Tisdell, 1979, Ch 1) A position such as H may be reached because of ignorance or because of common... does not mean that economics can not be supportive of the conservation of the environment and in particular the biosphere Framers of the World Conservation Strategy (IUCN-UNEP-WWF, 1980) and the World Commission on Environment and Development (1987) were correct in believing that economics can provide significant arguments in favour of conservation of biological resources Conservation of environmental... from the University of Newcastle for typing the first draft of the initial chapters, and Deborah Ford of the University of Queensland for typing the entire final manuscript, in the format required by Elsevier xx Economics of environmental conservation Science Publishers I would like to acknowledge the kind and efficient assistance of the staff of Elsevier in Amsterdam Finally, but not least, I thank my... depleted As the number of species in existence declines and the human population increases, the value of remaining species to humankind is likely to rise substantially This book is principally concerned with the economics of conservation, utilisation and management of natural biological resources It deals with economic factors that should be considered in devising policies for the conservation, utilisation . Economics of Evironmental Conservation, Second Edition