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An Emergent Economics of Ecosystem Management

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Author Info
Hearnshaw, Edward J.S.
Cullen, Ross
Hughey, Ken F.D.
Abstract

Economics is an evolving and emerging filed of study, so is the management of ecosystems. As such, this paper delineates the co-evolution of economic evaluation that reflects the various recognized ecosystem management approaches of anticipative, adaptive and capacitive ecosystem management. Each management approach is critiqued and from this theoretical analysis an emergent approach for the management of ecosystem is put forward, which accordingly suggests an alternative methodological approach for economic evaluations.

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File URL: http://purl.umn.edu/31957
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Publisher Info
Paper provided by New Zealand Agricultural and Resource Economics Society in its series 2006 Conference, August 24-25, 2006, Nelson, New Zealand with number 31957.

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Date of creation: 2006
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Handle: RePEc:ags:nzasin:31957

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Web page: http://www.nzares.org.nz/
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Related research
Keywords: Complexity; creativity; economic evaluation; ecosystem management; evolution; open systems; rationality; Resource /Energy Economics and Policy;

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  1. Fankhauser, Samuel & Smith, Joel B. & Tol, Richard S. J., 1999. "Weathering climate change: some simple rules to guide adaptation decisions," Ecological Economics, Elsevier, vol. 30(1), pages 67-78, July. [Downloadable!] (restricted)
  2. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June. [Downloadable!] (restricted)
  3. Runde, Jochen, 1998. "Assessing Causal Economic Explanations," Oxford Economic Papers, Oxford University Press, vol. 50(2), pages 151-72, April.
  4. Davidson, Paul, 1991. "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 129-43, Winter. [Downloadable!] (restricted)
  5. J. Barkley Rosser Jr., 1999. "On the Complexities of Complex Economic Dynamics," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 169-192, Fall. [Downloadable!] (restricted)
  6. Prof John Foster, 2004. "From Simplistic to Complex Systems in Economics," Discussion Papers Series 335, School of Economics, University of Queensland, Australia. [Downloadable!]
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  7. Arthur, W Brian, 1994. "Inductive Reasoning and Bounded Rationality," American Economic Review, American Economic Association, vol. 84(2), pages 406-11, May. [Downloadable!] (restricted)
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