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On the Contributions of Colin Clark to Fisheries Economics

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  • Gordon Munro
  • U. Sumaila

Abstract

We trace the contributions of Colin Clark from his first book and articles published in the mid-1970s to date and link them to the six papers contained in this Special Issue and the larger fisheries economics literature. We highlight the impacts of Clark’s contributions on the theory, empirical, policy and management of fisheries, ranging from particular fisheries applications right through to global studies of the economics of fishing. Our conclusion is that Colin Clark’s impact upon fisheries economics has been revolutionary and predict that 100 years from now, his classic contribution, Mathematical Bioeconomics will still be studied with care by economists. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Gordon Munro & U. Sumaila, 2015. "On the Contributions of Colin Clark to Fisheries Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(1), pages 1-17, May.
    • Handle: RePEc:kap:enreec:v:61:y:2015:i:1:p:1-17
    DOI: 10.1007/s10640-015-9910-4
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    References listed on IDEAS

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    1. World Bank & Food and Agriculture Organization, 2009. "The Sunken Billions : The Economic Justification for Fisheries Reform," World Bank Publications - Books, The World Bank Group, number 2596, December.
    2. Clark, C. W. & Lamberson, R., 1982. "An economic history and analysis of pelagic whaling," Marine Policy, Elsevier, vol. 6(2), pages 103-120, April.
    3. Clark, Colin W, 1973. "Profit Maximization and the Extinction of Animal Species," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 950-961, July-Aug..
    4. Colin W. Clark & Gordon R. Munro & Ussif Rashid Sumaila, 2007. "Buyback Subsidies, the Time Consistency Problem, and the ITQ Alternative," Land Economics, University of Wisconsin Press, vol. 83(1), pages 50-58.
    5. McKelvey, Robert, 1985. "Decentralized regulation of a common property renewable resource industry with irreversible investment," Journal of Environmental Economics and Management, Elsevier, vol. 12(4), pages 287-307, December.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    7. Clark, Colin W. & Munro, Gordon R. & Sumaila, Ussif Rashid, 2005. "Subsidies, buybacks, and sustainable fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 50(1), pages 47-58, July.
    8. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    9. Ussif Rashid Sumaila & William Cheung & Andrew Dyck & Kamal Gueye & Ling Huang & Vicky Lam & Daniel Pauly & Thara Srinivasan & Wilf Swartz & Reginald Watson & Dirk Zeller, 2012. "Benefits of Rebuilding Global Marine Fisheries Outweigh Costs," PLOS ONE, Public Library of Science, vol. 7(7), pages 1-12, July.
    10. Bjorndal, Trond & Munro, Gordon, 2012. "The Economics and Management of World Fisheries," OUP Catalogue, Oxford University Press, number 9780199576753.
    11. Kathleen A. Miller & Gordon R. Munro & U. Rashid Sumaila & William W. L. Cheung, 2013. "Governing Marine Fisheries in a Changing Climate: A Game-Theoretic Perspective," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 61(2), pages 309-334, June.
    12. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
    13. Christopher Costello & Brian P. Kinlan & Sarah E. Lester & Steven D. Gaines, 2012. "The Economic Value of Rebuilding Fisheries," OECD Food, Agriculture and Fisheries Papers 55, OECD Publishing.
    14. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 116-116.
    15. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
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