512 pages, Figs, tabs
The Economics of Nature Management takes a unique "portfolio management" perspective on the worldwide deterioration of the natural environment. For many emerging countries, nature conservation boils down to the purely economic decision of "investing" limited funds in nature potentially at the expense of investing in other necessary imperatives such as education or infrastructure. As a result, the authors see the function of the book as twofold. First, to measure environmental services and biological assets and second it demonstrates how it applies the economic theory of nature management through case studies.
This book is a significant resource both as a foundational reference in the field and as a graduate text. It goes immediately to the question of how fast we should disinvest in natural capital and how we use economic tools to determine the answer to that question. With its unusual combination of depth and focus, it is a real contribution to the current literature on the economic assessment and management of biological resources. There are presently no texts that are as inclusive and simultaneously as advanced as this one. Jane V. Hall, California State University-Fullerton
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