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.
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
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 Sunde 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