Forest Resource Economics and Finance

Forest Resource Economics and Finance is a comprehensive textbook for undergraduate forestry students, emphasizing economics as a way of thinking to maximize net benefits. It covers key topics such as forestry investments, current conflicts, and tradeoffs, and also addresses non-clearcutting management systems, forest damage, risk analysis, inflation, environmental economics, capital budgeting, and regional economics. The second edition includes an overview of important trends in the modern timber industry, such as engineered wood, international trade, global environmental issues, and community forestry and agroforestry.

Format: Hardback
Length: 608 pages
Publication date: 09 January 2023
Publisher: Stephen F. Austin State University Press

Forest Resource Economics and Finance is a comprehensive textbook designed for undergraduate forestry students, as well as practicing foresters and policy analysts. The text emphasizes the importance of economics as a way of thinking, focusing on comparing the costs and benefits of actions to maximize net benefits. It introduces readers to the basics of capital theory and teaches them how to evaluate forestry investments, considering important environmental factors. The book also delves into analyzing current conflicts and tradeoffs that will remain prominent in forestry in the 21st century, such as free market policies versus government intervention, economic development versus environmental conservation, private property rights versus public amenity rights, and timber versus non-timber outputs.

Furthermore, the text addresses additional topics that are often overlooked in other forest economic books, including the economics of non-clearcutting management systems, economics of forest damage, risk analysis, inflation, environmental economics, capital budgeting, and regional economics. It also includes a micro-economics review, multiple-use and non-market good analysis, optimal capital management, benefit/cost analysis, timber supply and demand issues, appraisal and valuation, forest industry economics, and world forestry issues.

This newly-revised second edition of the textbook includes updated figures throughout and provides an overview of important trends in the modern timber industry, including advancements in engineered wood, international trade, global environmental issues, as well as community forestry and agroforestry. The book is an invaluable resource for anyone interested in forestry, environmental economics, and sustainable resource management.

Weight: 363g
Dimension: 254 x 178 (mm)
ISBN-13: 9781622884117