The New England fishing industry is presented in detail including an historical review, a discussion of current difficulties, and an examination of the public policy dilemma between resource conservation and industry promotion. Continuing efforts to revitalize the United States fishing industry...

This paper is intended to revisit the question of rational fisheries exploitation raised by Gordon in his celebrated 1954 article in the Journal of Political Economy, that has served as the starting point for the development of the fisheries economics sub-discipline.