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Policy Science in the Land-Grant Complex: A Perspective on Natural Resource Economics

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  • Randall, Alan

Abstract

Natural resource economics has long been identified as a policy science. Its chief concerns—problems attributable to “market failures†of various kinds (e.g., Castle 1965) and the special difficulties that arise in intertemporal and intergenerational resource allocation (e.g., Solow)—inherently require some kind of public solution, whether it be by reaffirmation or redefinition of property rights, regulation, taxation policy, or public enterprise.In a time of some general disenchantment with government and selective retrenchment of public sector activity, resource economists (and many other social and economic scientists) are receiving mixed signals. Mostly we tend to work in or for the public sector, the political stock of which is not exactly booming.

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  • Randall, Alan, 1982. "Policy Science in the Land-Grant Complex: A Perspective on Natural Resource Economics," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(1), pages 85-92, July.
    • Handle: RePEc:cup:jagaec:v:14:y:1982:i:01:p:85-92_02
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    1. Batie, Sandra S., 1984. "Alternative Views of Property Rights: Implication for Natural Resource Allocation," 1984 Annual Meeting, August 5-8, Ithaca, New York 278946, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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