Ecological Economics of the Oceans and Coasts

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.