Name: Post-Faustmann Forest Resource Economics (en Inglés)
Price: 3644.42 MXN
Availability: InStock
Author: Kant, Shashi
ISBN: 9789400795679

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portada Post-Faustmann Forest Resource Economics (en Inglés)

Formato

Libro Físico

Editorial

Springer

Autor

Kant, Shashi

Idioma

Inglés

N° páginas

293

Encuadernación

Tapa Blanda

Dimensiones

23.4 x 15.6 x 1.7 cm

Peso

0.44 kg.

ISBN13

9789400795679

Categorías

Microeconomía
Economía medioambiental

Post-Faustmann Forest Resource Economics (en Inglés)

Kant, Shashi (Autor) · Springer · Tapa Blanda

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Reseña del libro "Post-Faustmann Forest Resource Economics (en Inglés)"

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 the key distinctions between the FFRE and the PFFRE. The volume includes twelve other chapters that address issues related to forest economics from perspectives different than the FFRE. Chapter 2 to 6 are focused on issues related to human behavior that is different than the rational economic man, Chapter 7 and 8 on public choice theory, Chapter 9 and 10 on systems approaches, and Chapter 11 to 13 on incremental approaches to incorporate new features in the FFRE.