Title: Principles of Forest Economics
Author: Dr. Ramchandra & Rahul Agrawal
First Edition: 2014
Publisher: Ruby Press & Co.
Binding: Hard Cover
Subject: Forestry, Economics
About the Author:
Dr. Ramchandra, PhD. in Agricultural Economics, 1993 is currently Assistant Professor at School of Forestry & Environment, Sam Higginbottom Institute of Agriculture, Technology and Sciences (Formerly – Allahabad Agricultural Institute), Deemed to-be-University, Allahabad (U.P.) - 211007.
Recipient of “Young Scientist Award -2006” in field of Agricultural Economics in VIII Indian Scientist and Farmers Congress held on 21-22 February, 2006 at Bananas Hindu University, Varanasi, India. Recipient of “Young Scientist Associate Award -2007” in IX Indian Scientist and Farmers Congress held on 29- 30 January, 2007 at Allahabad University, Allahabad, (India) for outstanding works in field of Agricultural Economics.
Rahul Agrawal has over 12+ years of experience in Management, Top-notch administrator and a keen planner with proven abilities and has passion for continuous learning and personal growth, highly motivated and self-driven with strong desire to excel.
About the Book:
Forest Economics is a discipline that deals the production, distribution, and consumption of forest products and services. It characterizes the mental calculus of a decision maker, whether a private landowner or a policy maker, by focusing on the relationship between ends and scarce means (resources) that have alternative uses. The forest economy is historically the starting point of the civilizations worldwide, since eras preceding the Paleolithic and the Neolithic. It necessarily preceded ages of metals by many centuries, as the melting of metals was possible only through the discovery of techniques to light fire (usually obtained by the scraping of two very dry wooden rods) and the building of many simple machines and rudimentary tools, as canes, club handles, bows, arrows, lances.
In other words, forest economics is the study of choices relating to forest conservation and management. While some features such as long time frames in production, production of multiple products (timber and non-timber products), and multiple stakeholders make forest economics somewhat unique and challenging, it draws heavily from the main field economics and thus can be considered as an off-shoot of conventional economics. The marginal approach, wherein the price level is determined by the marginal cost and marginal utility, which became increasingly important in economic theory in the late 19th century is central to forest economics.
Forest economics also adopts both positive and normative approaches, respectively, to explain economic phenomena or behaviour (timber supply or timber consumption for example) and to set rules, prioritize choices/actions by a set of criteria. Several forestry issues that are on the horizon warrant rigorous economic analysis. Existing forest economic models are limited in that they do not address the issue of multiple equilibria and consumer choices that incorporate context specific and dynamic preferences and called for extending the boundaries of forest economics.