title: Resource Economics
author:  Jon M. Conrad 
description: "Jon Conrad's second edition of Resource Economics is an articulate, well-organized presentation of key applications of intertemporal economics to problems of natural resources. More than a routine update of the first edition, it admirably balances theoretical rigor and clarity in the presentation of models, with the kinds of institutional discussions that motivate students to think about research questions." - Robert T. Deacon, University of California, Santa Barbara<br /><br />"This book builds on the already-excellent first edition, with its unique focus on computational solution of dynamic optimization problems, by providing a richer and more detailed discussion of theoretical models of renewable, nonrenewable, and environmental resource management along with very helpful discussion of the intuition behind the models, and applications to resource problems." - Anthony Fisher, University of California, Berkeley<br /><br />"Jon Conrad's Resource Economics is a unique and indeed indispensable learning resource. It teaches students to work with sophisticated mathematical models using a hands-on, intuitive approach based on the standard spreadsheet tools that are now pervasive in quantitative analysis. Conrad's book sets a standard to which other textbook authors should aspire." - Richard Howarth, Dartmouth University<br /><br />"Jon Conrad's second edition of Resource Economics is an elegant mathematical treatment of the many complex management issues confronting natural resource managers. The book presents dynamic modeling and optimization in a practical context. The use of Excel throughout the book gives it a concreteness that is lost in purely theoretical texts. It is an ideal advanced text covering the economics of fisheries, forestry, nonrenewable resources, and stock pollutants." - Robert Mendelsohn, Yale University<br /><br />"Resource Economics is an excellent choice for advanced undergraduates and master's students. The book's use of Excel's solver gives students an intuitive grasp of dynamic optimization without relying on advanced mathematics. Students analyze fisheries, forests, and fossil fuels as they learn spreadsheet programming skills that are valuable in other economics, business, and management courses." - Martin Smith, Duke University<br /><br />"I wish there had been a textbook such as Jon Conrad's Resource Economics available when I was a young student beginning to learn about natural resource and environmental economics. This is a rigorous but highly accessible mathematical introduction to the field that brings home to the reader the fundamental common threads, as well as the differentiating factors, among nonrenewable, renewable, and environmental resource problems." - Robert N. Stavins, Harvard University
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  Simple  
  Pleasures
  
  
  Thoughts on Food,  
  Friendship, and Life
  
  
  An Excerpt from Epicurean Simplicity
  
  
  Stephanie Mills
  
  
  ![809.jpg](images/809.jpg)
  
  
  Washington | Covelo | London
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Copyright © 2012 Stephanie Mills
  
  
  All rights reserved under International and Pan-American Copyright
  Conventions. No part of this book may be reproduced in any form or by any
  means without permission in writing from the publisher: Island Press, 2000 M
  St NW, Suite 650, Washington DC 20036
  
  
  [ISLAND PRESS](http://www.islandpress.org) is a trademark of the Center for
  Resource Economics.
  
  
  978-1-61091-451-2
  
  
  Cover design by Maureen Gately
  
  
  Cover image by Luis Albuquerque, iStockphoto.com
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Contents
  
  
  [About the Island Press E-ssentials
  Program](00e-AboutIslandPressEssentials.html#toc_marker-1)
  
  
  [Thoughts on Conviviality](01-Chapter.html#toc_marker-2)
  
  
  [