Can I read Post-Faustmann Forest Resource Economics (Sustainability, Economics, and Natural Resources Book 4) on EtoBox?

Post-Faustmann Forest Resource Economics (Sustainability, Economics, and Natural Resources Book 4) by Shashi Kant (auth.), Shashi Kant (eds.) is a nonfiction available to read on EtoBox.

What is Post-Faustmann Forest Resource Economics (Sustainability, Economics, and Natural Resources Book 4) about?

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 t

Who reads Post-Faustmann Forest Resource Economics (Sustainability, Economics, and Natural Resources Book 4)?

Author

Shashi Kant (auth.), Shashi Kant (eds.)

Publisher

Springer Netherlands

Published

2013

Language

EN

ISBN

9789400795679

Category

nonfiction

Subjects

Management, Economics, Business