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A new economic theory, rather than a new public policy based on old theory, is needed to guide humanity toward sustainability. Institutions are a critical dimension of sustainability and sustainable forest management, and economic analysis of institutional dimension requires an inclusionist rather than an exclusionist approach. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to sustainability. Leading institutional economists discuss theoretical perspectives about appropriate institutions for sustainable forest management, markets for environmental services, deforestation and specialization, and some country experiences about Kyoto Protocol, international trade, biodiversity conservation, and sustainable forest management in general. The book includes the ideas from old as well as new institutional economics and discusses the main features of Post-Newtonian economics.
This book follows a companion book, Economics, Sustainability, and Natural Resources: Economics of Sustainable Forest Management, volume 1 of the series.
List of Figures and Tables.
About the Contributors.
Preface and Acknowledgements.
1. Sustainability, Institutions, and Forest Management; Shashi Kant & R. Albert Berry.
PART ONE: THEORETICAL PERSPECTIVES ON INSTITUTIONS FOR SUSTAINABLE FOREST MANAGEMENT.
2. In Search of Optimal Institutions for Sustainable Forest Management: Lessons from Developed and Developing Countries; M.K. (Marty) Luckert.
3. Modern Economic Theory and the Challenge of Embedded Tenure Institutions: African Attempts to Reform Local Forest Policies; Mariteuw Chimère Diaw.
4. Organizations, Institutions, External Setting and Institutional Dynamics; Shashi Kant & R. Albert Berry.
5. Valuing Forest Ecosystems – An Institutional Perspective; Arild Vatn.
PART TWO: MARKETS AND SUSTAINABLE FOREST MANAGEMENT.
6. The Great Tragedy of Science: Sustainable Forest Management and Markets for Environmental Services; Clark S. Binkley.
7. Property Rights and Efficiency of Markets for Environmental Services; Graciela Chichilnisky.
PART THREE: DEFORESTATION, SPECIALIZATION AND SUSTAINABLE FOREST MANAGEMENT.
8. Deforestation and Population Increase; John M. Hartwick.
9. Limitations of Sustainable Forest Management: An Economics Perspective; William F. Hyde.
10. Sustainable Forestry in a World of Specialization and Trade; Roger Sedjo.
PART FOUR: COUNTRY-SPECIFIC INSTITUTIONAL EXPERIENCES.
11. Forest Carbon Sinks: A Temporary and Costly Alternative to Reducing Emissions for Climate Change Mitigation; G. Cornelis ('Case') van Kooten & Alison J. Eagle.
12. The International Trade and Environmental Regime and theSustainable Management of Canadian Forests; Harry Nelson & Ilan Vertinsky.
13. Sustainable Forest Management: Ciriacy-Wantrup’s Definition of Conservation in Today’s Forest Resource Context; William R. Bentley & Richard W. Guldin.
14. Stakes, Suspicions, and Synergies in Sustainable Forest Management – The Asian Experience; Cherukat Chandrasekharan.
PART FIVE: EPILOGUE.
15. Institutions, SFM, and Post-Newtonian Economics; Shashi Kant.