Policy Science in the Land-Grant Complex: A Perspective on Natural Resource Economics

Alan Randall

Journal of Agricultural and Applied Economics, 1982, vol. 14, issue 1, 85-92

Abstract: Natural resource economics has long been identified as a policy science. Its chief concerns—problems attributable to “market failures” of various kinds (e.g., Castle 1965) and the special difficulties that arise in intertemporal and intergenerational resource allocation (e.g., Solow)—inherently require some kind of public solution, whether it be by reaffirmation or redefinition of property rights, regulation, taxation policy, or public enterprise.In a time of some general disenchantment with government and selective retrenchment of public sector activity, resource economists (and many other social and economic scientists) are receiving mixed signals. Mostly we tend to work in or for the public sector, the political stock of which is not exactly booming.

Date: 1982
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