000			02675cam a22004338i 4500
001			21126767
003			OSt
005			20260228161818.0
006			m |o d |
007			cr |||||||||||
008			190808s2020 nyu ob 001 0 eng
010			_a 2019032614
020			_a9781108588928 _q(epub)
020			_z9781108499330 _q(hardback)
035			_a21126767
040			_aDLC _beng _cDLC _erda
042			_apcc
050	0	0	_aHC59.15
082	0	0	_a333.7 _223 _bCON
100	1		_aConrad, Jon M., _eauthor. _915586
245	1	0	_aNatural Resource economics : _banalysis, theory, and applications / _cJon M. Conrad, Cornell University, New York, Daniel Rondeau, University of Victoria, British Columbia.
250			_aFirst Edition.
263			_a2002
264		1	_aNew York : _bCambridge University Press, _c2020.
300			_axiv,345 P. ; _c25 cm.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
504			_aIncludes bibliographical references and index.
520			_a"Fisher (1904, p. 387) defined capital as "a stock (of wealth or property, or the value of either) existing at an instant of time." Fisher's conception of capital is inextricably linked to time. The value of a capital asset is derived from its potential to provide a flow of benefits through the production of goods and services. Fisher himself recognized natural resources as capital assets. To illustrate the relationship between stocks, flows, and time, he wrote "Capital of any kind always occupies a position, like that of a reservoir of water, intermediate between two flows, the inflow and outflow" (Fisher, 1897, p.512). The modern treatment of natural resources in economics is squarely constructed on this notion that resources are a reservoir of wealth, a production factor from which products and services (marketed or not) can flow over time. In some cases, like water in a reservoir, there may indeed be an inflow as well as an outflow, but this need not always be the case"-- _cProvided by publisher.
588			_aDescription based on print version record and CIP data provided by publisher; resource not viewed.
650		0	_aNatural resources _xManagement _xMathematical models. _915587
650		0	_aEconomic development _xMathematical models. _915588
700	1		_aRondeau, Daniel, _d1966- _eauthor. _915589
776	0	8	_iPrint version: _aConrad, Jon M.. _tResource economics _bFirst Edition. _dNew York : Cambridge University Press, 2020. _z9781108499330 _w(DLC) 2019032613
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2ddc _cBOOK
999			_c6133 _d6133