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Ecological Economics of the Oceans and Coasts

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Ecological Economics of the Oceans and Coasts

9781845423193 Edward Elgar Publishing
Edited by Murray Patterson, School of People, Environment and Planning, Massey University, Palmerston North and Bruce Glavovic, School of People, Environment and Planning, Massey University, Palmerston North, New Zealand
Publication Date: 2008 ISBN: 978 1 84542 319 3 Extent: 384 pp
This timely book offers a fresh view on how oceans and coasts are, and should be, managed. The urgency of this issue is increasingly being recognized, as critical limits to the economic exploitation of our oceans and coasts are reached. The authors argue that ecological economics is in a unique position to address this problem given its particular focus on interconnected ecological and economic systems.

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Critical Acclaim
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Contents
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This timely book offers a fresh view on how oceans and coasts are, and should be, managed. The urgency of this issue is increasingly being recognized, as critical limits to the economic exploitation of our oceans and coasts are reached. The authors argue that ecological economics is in a unique position to address this problem given its particular focus on interconnected ecological and economic systems.

Four ‘cornerstones’ of this ecological economics approach to the oceans and coasts are presented; most importantly, sustainability is the overarching policy goal, rather than economic efficiency, as I soften emphasized in mainstream economics. Secondly, recognizing the biophysical limits and thresholds of marine systems is fundamental. Thirdly, a complex systems view is adopted, which has profound implications for managing marine systems in the face of intrinsic uncertainty, irreversibility and interdependent behaviour. Finally, the approach is necessarily methodologically pluralistic, given the complexity and multi-faceted character of marine ecological–economic systems.

Ecological Economics of the Oceans and Coasts is a unique book that will be warmly welcomed by ecological economists, researchers and academics of coastal and marine management and policy as well as natural resource and environmental economists. Policy advisors on oceans and coasts, coastal and marine managers will also find this book of great interest and value.
Critical Acclaim
‘This timely book is enhanced by its provision of diverse fresh perspectives on ways to better manage our deteriorating oceans and coastlines. It will be welcomed by all those who value a holistic approach to environmental policy and who appreciate the need for urgent but well thought out improvements in ocean and coastal management.’
– Clem Tisdell, University of Queensland, Australia

‘This book covers a wide spectrum of issues of practical significance to those concerned about the state of the world’s oceans. Its principal contribution is to bring together an ecological economics perspective to the ocean world. In so doing, it broadens the vision of how we should understand the marine environment and, perhaps, what we can do to mitigate or even resolve these challenges.’
– Quentin Grafton, The Australian National University
Contributors
Contributors: C. Batstone, A. Cole, M. Gibbs, B. Glavovic, D. Hardy, S. Liu, G. McDonald, B. McNeil, M. Patterson, K. Probert, M. Ruth, B. Sharp, N. Smith, C. Šunde, M. Wilson
Contents
Contents:

Preface

1. Towards an Ecological Economics of the Oceans and Coasts
Murray Patterson

PART I: FOUNDATIONAL ECOLOGY, COMPLEXITY AND SCIENCE ISSUES
2. Global Ecology of the Oceans and Coasts
Ben McNeil

3. Biodiversity of the Oceans
Murray Patterson, Garry McDonald, Keith Probert and Nicola Smith

4. Oceans and Coasts as Complex Adaptive Systems
Mark Gibbs and Anthony Cole

PART II: ECONOMIC AND OTHER VALUES OF THE MARINE ENVIRONMENT
5. Neoclassical Frameworks for Optimizing the Value of Marine Resources
Basil Sharp and Chris Batstone

6. Non-Market Value of Ecosystem Services Provided by Coastal and Nearshore Marine Systems
Matthew Wilson and Shuang Liu

7. Ecological Shadow Prices and Contributory Value: A Biophysical Approach to Valuing Marine Ecosystems
Murray Patterson

8. The Open Horizon: Exploring Spiritual and Cultural Values of the Oceans and Coasts
Charlotte Šunde

PART III: MARINE SUSTAINABILITY: INTEGRATING ECOLOGY, ECONOMICS AND SOCIAL DIMENSIONS
9. Economic Drivers of Change and their Oceanic–Coastal Ecological Impacts
Murray Patterson and Derrylea Hardy

10. Integrative Economy–Ecology Models for Marine Management
Matthias Ruth

11. Poverty and Inequality at Sea: Challenges for Ecological Economics
Bruce Glavovic

PART IV: IMPLEMENTING AN ECOLOGICAL ECONOMICS OF THE OCEANS AND COASTS
12. Minimum Information Management: Harvesting the Harvesters’ Assessment of Dynamic Fisheries Systems
Chris Batstone and Basil Sharp

13. Designing Property Rights for Achieving Sustainable Development of the Oceans
Basil Sharp

14. Ocean and Coastal Governance for Sustainability: Imperatives for Integrating Ecology and Economics
Bruce Glavovic

15. Summary and Future Challenges for an Ecological Economics of the Oceans and Coasts
Murray Patterson and Bruce Glavovic

Index
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