Building Integrated Models in Environmental and Natural Resource Economics: The Case of Gordon's 1954 Fishery Model

Baptiste Parent, Lauriane Mouysset (), Antoine Missemer and Harold Levrel
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Lauriane Mouysset: CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique, CNRS - Centre National de la Recherche Scientifique

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Abstract: Environmental and natural resource economics lies inherently at the interface between economic and natural dynamics (e.g., geological constraints, climate change, biodiversity evolution). Building models in that field often means building integrated models, calling on knowledge and methods from economics and physics, climatology, biology, or ecology. Howard Scott Gordon's 1954 article on fishery economics is considered to be seminal in the history of bioeconomic modeling, integrating biological and economic variables in a microeconomic model. Yet the precise role played by biology in Gordon's initial work remains unclear. On the basis of archival material and thorough analysis of Gordon's early research, this paper examines Gordon's model building and his persistent oscillation between two objectives-the production of a heuristic economic model with standard assumptions, and the conception of a predictive policy tool relevant from a fishery-biology

Keywords: Integrated Model; interdisciplinarity; Fishery Economics; History of Economics (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-agr, nep-env, nep-his, nep-hme and nep-hpe
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Published in Journal of the History of Economic Thought, 2024, 46 (1), pp.117-139. ⟨10.1017/s1053837223000056⟩

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Journal Article: BUILDING INTEGRATED MODELS IN ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS: THE CASE OF GORDON’S 1954 FISHERY MODEL (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04250105

DOI: 10.1017/s1053837223000056

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