Economic Theories of Exhaustible Resources

About this book

Originally published in 1989. Professor Robinson begins by examining natural resource classification and the nature of return in mining, giving particular emphasis to different sources of long-run price changes in mining and their relevance for user cost and the economic treatment for exhaustible resources. He then traces the development of the economic theory of exhaustible resources from the last quarter of the eighteenth century to the first quarter of the twentieth, documenting the differing views of various authors about the future availability of mineral resources and the extent of user cost involved in their exploitation. He identifies a link between the perceived availability of exhaustible resources and the nature of the economic theory used to explain their exploitation. Economic Theories of Exhaustible Resources should be of interest to students and researchers of Economic Theory and Policy.

Contents

Foreword

Part 1: Some Conceptual and Theoretical Issues
1. Introduction
2. The Classification of Natural Resources
3. The Nature of Return in Mining

Part 2: The Economics of Exhaustible Resources
4. Adam Smith
5. David Ricardo
6. Smith and Ricardo Compared
7. Henry Carey
8. J. S. Mill
9. Karl Marx
10. W. R. Sorley
11. Alfred Marshall
12. L. C. Gray
13. Gustav Cassel
14. Conclusion

Bibliographical
References
Index

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