Resource Economics Selected Works of Orris C. Herfindahl

Only a few economists have vigorously dealt with mineral economics. Among these few, Orris C. Herfindahl has probably probed the most deeply. This volume, originally published in 1974, presents Herfindahl’s most significant and enlightening contributions to the field of resource economics. This title will be of interest to students of environmental studies and economics, as well as to professional resource specialists.

Foreword; Introduction; Part I: The Nature and Scope of Resource Economics; 1. Is Resource Economics Unorthodox? 2. Identification and Study of Policy Problems in the Minerals Industries 3. Time for Stock-Taking; Part II: Natural Resource Supply and Conservation; 4. Some Fundamentals of Mineral Economics 5. What Is Conservation? 6. Goals and Standards of Performance for the Conservation of Minerals 7. Depletion and Economic Theory; Part III: Application of Economics to the Minerals Industry; 8. The Process of Investment in the Mineral Industries 9. Changes in the Size of Copper Mining Companies 10. Deterioration, Output, and the Price of Copper 11. Review of Capital and Output Trends in Mining Industries, 1870-1948 12. Development of the Major Metal Mining Industries in the United States, 1839-1909; Part IV: The Supply of Natural Resource Information; 13. Some Guidelines for Organization and Administration of Information Activities 14. The Question of Exploration Strategy 15. Economic Consideration in Assessing the Role of Remote Sensing in Country Development 16. The Value of Mineral Surveys to Economic Development; Part V: The Quality of the Natural Environment; 17. Effects of Resource Depletion and Economic Growth in the Quality of Life 18. Can Increasing Demands on Resources Be Met? 19. "Natural" Areas; Appendixes; A. Assignments and Activities B. Backpacking Checklist C. Across the Barrens by Canoe; Bibliography; Index

David B. Brooks