Book Review: Economics of the Oceans: Rights, Rents and Resources
Economics of the Oceans fills a critical gap between broad environmental economics texts
and marine resource texts focused on only one resource. Its major strength is the ease
with which Paul Hallwood blends background information, case studies and economic theory.
He clearly demonstrates that basic microeconomic principles still apply in the ocean, even out
on the anarchic waves of the high seas.
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