Post-Faustmann Forest Resource Economics

Business & Finance, Economics, Microeconomics
Cover of the book Post-Faustmann Forest Resource Economics by , Springer Netherlands
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9789400757783
Publisher: Springer Netherlands Publication: February 11, 2013
Imprint: Springer Language: English
Author:
ISBN: 9789400757783
Publisher: Springer Netherlands
Publication: February 11, 2013
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer Netherlands

Cover of the book Germany's New Security Demographics by
Cover of the book Hysteroscopy by
Cover of the book Feminist Phenomenology by
Cover of the book Unifying the Philosophy of Truth by
Cover of the book Air Pollution Modeling and its Application XXII by
Cover of the book Ethics by
Cover of the book Protagonists of Medicine by
Cover of the book Laparoscopic Liver Resection by
Cover of the book Detection and Measurement of Visual Impairment in Pre-Verbal Children by
Cover of the book Practice Management Compendium by
Cover of the book Pierre Nicole, Jansenist and Humanist by
Cover of the book Complexity in Chemistry and Beyond: Interplay Theory and Experiment by
Cover of the book Organizations and Strategies in Astronomy by
Cover of the book Vibrations of Elastic Systems by
Cover of the book The Inclusion of Environmental Education in Science Teacher Education by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy