Natural resource economics: Relevance in planning and management |
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| Authors: | Eric L Hyman |
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| Affiliation: | Appropriate Technology International, 1331 H St, NW, Washington, DC 20005, USA |
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| Abstract: | This article provides an overview of natural resource economics. It begins with a summary of historical and current views on resource scarcity. It then discusses economic models for optimal management of non-renewable and renewable resources at the micro and macro levels and evaluates their usefulness in planning, management and policy making. |
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| Keywords: | Natural resource economics Resource management Resource planning |
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