The Economics of Nonrenewable Resources (International Library of Critical Writings in Economics series, #343) (The International Library of Critical Writings in Economics series, 343)

The economics of nonrenewable resources addresses some of the most problematic issues concerning the sustainability of the world economy. This comprehensive one volume collection contains forty-six of the most important and influential journal articles by some of the leading scholars in the field. Subjects included are: an introduction to the economics of nonrenewable resources; theoretical foundations for the field; nonhomogeneous resources; exploration and uncertainty; market structure; taxation and global climate change. The collection concludes with a discussion of the empirical research and the extent to which nonrenewable resources constrain economic growth as well as the consistency of the theoretical predictions of Hotelling-type models with actual economic outcomes.With an original introduction by the editor, this collection will be an important resource for students, academics and practitioners.46 articles, dating from 1931 to 2012Contributors include: K.J. Arrow, P. Dasgupta, J.M. Hartwick, G.M. Heal, M. Hoel, H. Hotelling, R.S. Pindyck, R.M. Solow, J.E. Stiglitz, M.L. Weitzman