Abstract
Renewable resource management would seem to provide a fertile area for the application of economic analysis, whether classical or modern. The last of Adam Smith’s three sources of wealth — capital, labor and land — for example, clearly includes the class of renewable resources. The fundamental concept of “economic rent” applies directly to the contribution of biological productivity to wealth.
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© 1974 Springer-Verlag Berlin · Heidelberg
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Clark, C.W. (1974). Mathematical Bioeconomics. In: van den Driessche, P. (eds) Mathematical Problems in Biology. Lecture Notes in Biomathematics, vol 2. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45455-4_3
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DOI: https://doi.org/10.1007/978-3-642-45455-4_3
Publisher Name: Springer, Berlin, Heidelberg
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