The contribution of an industry to GDP is typically measured by its value added. However, casual observation suggests that some industries play a greater role in overall economic activity than this measure indicates. Observations of this kind have in particular been applied to resource...

Fisheries is not the only discipline where models have been used in attempts to fine tune an aspect of the economy. Such fine-tuning can prove ineffective because of the uncertainties in the scientific underpinnings of the models and because of the omission of critical elements. In fisheries,...

A new approach to fisheries management is suggested. Recognizing the great uncertainty and variability that affects the supply of fish, combined with the immobility of capital and labor in the industry, a small core fishery should be maintained with the capacity to catch only the quantity of...

The Arctic Climate Impact Assessment (ACIA) is a project of the intergovernmental Arctic Council, intended to synthesize knowledge of the effects of climate change on the Arctic. This paper is based on the primary output of the ACIA project, a 1042 page book entitled Arctic Climate Impact...

Excessive overfishing combined with negative environmental conditions led to the decimation of the northern cod stock and its closure to commercial fishing in 1992. During the ensuing dozen years, the stock has not recovered. This paper considers the current state of the Newfoundland economy and...

Critique of Naylor, T. H., J. M. Finger. 1967. Verification of computer simulation models. Management Sci. 14 (2, October) B92-B101.