© 2005

Economics, Sustainability, and Natural Resources

Economics of Sustainable Forest Management

  • Shashi Kant
  • R. Albert Berry

Part of the Sustainability, Economics, and Natural Resources book series (SENR, volume 1)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Shashi Kant, R. Albert Berry
    Pages 1-22
  3. Complexity, Ethics, and the Economics of Sustainable Forest Management

  4. Consumer Choice Theory and the Economics of Sustainable Forest Management

  5. Social Choice Theory and the Economics of Sustainable Forest Management

  6. Non-Linearities, Multiple Equilibria and The Economics of Sustainable Forest Management

    1. J. Barkley Rosser Jr.
      Pages 191-206
    2. Jeffrey R. Vincent, Matthew D. Potts
      Pages 207-222
    3. Milindo Chakrabarti, Samar K. Datta, E. Lance Howe, Jeffrey B. Nugent
      Pages 223-252
  7. Epilogue

About this book


The economics of sustainability is much more complex than the neoclassical (Newtonian) economic approach to economic efficiency. Forest resources provide the ideal starting point for the economic analysis of sustainability. This book provides a systematic critique of neoclassical economic approaches and their limitations with respect to sustainability. Leading economists from different streams of economics discuss key economic aspects of sustainability and sustainable forest management including complexity, ethical issues, consumer choice theory, intergenerational equity, non-convexities, and multiple equilibria. This is the book which integrates different streams of economics – complexity theory, behavioral economics, post-Keynesian consumer choice theory, social choice theory, and non-convexities – and suggests the main features of Post-Newtonian economics.

This book is followed by a companion book, Institutions, Sustainability, and Natural Resources: Institutions for Sustainable Forest Management, Volume 2 in the series.


Complexity Conservation Forests Keynes Multiple Equilibria Post-Newtonian Economics Sustainability Sustainable forest management biodiversity forest

Editors and affiliations

  • Shashi Kant
    • 1
  • R. Albert Berry
    • 2
  1. 1.Faculty of ForestryUniversity of TorontoCanada
  2. 2.Munk Centre for International StudiesUniversity of TorontoCanada

Bibliographic information


From the reviews:

“This book is very different from other literature regarding ‘sustainability’. … consists of 12 chapters covering a variety of perspectives on ‘sustainability’ in forest management. … an excellent effort in terms of providing a broader picture of economics and its applications to sustainability. … I would suggest that all economists and other professionals and practitioners who believe that the dominant contemporary economic paradigm is too narrow should read this book.” (Yaoqi Zhang, International Forestry Review, Vol. 8, December, 2006)