Name: scarcity and frontiers
SKU: 4230424
Price: 58.74 EUR
Availability: InStock
Author: edward b. barbier
ISBN: 9780521701655

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Type

Physical Book

Author

edward b. barbier

Year

2010

Pages

768

ISBN

0521701651

ISBN13

9780521701655

Synopsis "scarcity and frontiers"

Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new `frontiers` has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.