Natural capital is what nature provides to us for free. Renewables-like species-keep on coming, provided we do not drive them towards extinction. Non-renewables-like oil and gas-can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of...

"The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision-making chains in various states highlights the key...

Gardner M. Brown, Jr. has been a leading innovator in the development of environmental and natural resource economics. This book comprises essays written in his honor by some of the most distinguished economists working in this field

Introduction -- Natural resources and developing countries: an overview -- Natural resource-based economic development in history -- Does natural resource dependence hinder economic development? -- Frontier expansion and economic development -- Explaining land use change in developing countries...