Journal ArticleDOI
Law, Public Policy, and Industrialization in the California Fisheries, 1900–1925
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McEvoy as mentioned in this paper shows how the California fishing industry, drawing upon some of the most fertile renewable resources in the world, underwent massive, thoroughgoing modernization in the first quarter of this century, triggered by the mechanization of fishing and the coincident opening of worldwide markets to local fish processors.Abstract:
Fisheries are paradigmatic of renewable resources because of their ecological delicacy, their vulnerability to the indirect effects of economic activity, and, above all, their nonexclusive or “common-property” nature. In this article, Professor McEvoy shows how the California fishing industry, drawing upon some of the most fertile renewable resources in the world, underwent massive, thoroughgoing modernization in the first quarter of this century, triggered by the mechanization of fishing and the coincident opening of worldwide markets to local fish processors. Public agencies charged with the oversight of the industry and the conservation of fishery resources made valiant efforts to keep pace with new problems thrust upon them by the sudden industrialization of fishing. Their failure to do so effectively illustrates in stark relief the nature of twentieth-century problems in the management of wildlife, air, water, and other shared resources in a competitive economy.read more
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Resource Conservation: Economics and Policies
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Property rights in economic history: Implications for research
TL;DR: In this paper, the authors assess the impact of property rights institutions on economic performance and find that competitive forces tend to erode institutions that no longer support economic growth, and that distributional conflicts arise when property rights are coercively redistributed by the government.
Book
Corporate Responsibility: The American Experience
TL;DR: The Seeds of Corporate Responsibility: 1. Foundations of capitalism and the birth of the corporation (1776-1880) 2. The turbulent rise of the Corporation (1880-1900) 3. The Progressive Era and a new business-government relationship (1900-18) 4. The corporation's case for social responsibility (1918-29) 5. Corporate Responsibility Comes of Age: 6. Corporate legitimacy affirmed (1945-63) 7. A revolution of rising expectations (1963-73) 8. Managing corporate responsibility (1973-81) Part III. Taking
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Toward an Interactive Theory of Nature and Culture: Ecology, Production, and Cognition in the California Fishing Industry
TL;DR: One of the great mythic cases in the history of Anglo-American property law is that of Pierson v. Post, which came before a New York appellate court in 1805 as discussed by the authors.
References
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Journal ArticleDOI
The Tragedy of the Commons
TL;DR: The population problem has no technical solution; it requires a fundamental extension in morality.
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The Problem of Social Cost
TL;DR: In this paper, it is argued that the suggested courses of action are inappropriate, in that they lead to results which are not necessarily, or even usually, desirable, and therefore, it is recommended to exclude the factory from residential districts (and presumably from other areas in which the emission of smoke would have harmful effects on others).
Book
The Economics of Welfare
TL;DR: Aslanbeigui et al. as mentioned in this paper discussed the relationship between the national dividend and economic and total welfare, and the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor market operations.
Journal ArticleDOI
The Economic Theory of a Common-Property Resource: The Fishery
TL;DR: In this article, the authors examined the economic theory of natural resource utilization as it pertains to the fishing industry and showed that most of the problems associated with the words "conservation" or "depletion" or ''overexploitation" in the fishery are, in reality, manifestations of the fact that the natural resources of the sea yield no economic rent.