'The title says it all. This book presents in one clear volume a collection of major papers in the field of natural resource economics. Containing many of the classics in the field, upon which much of the current literature is built, this book is a must-have for any resource economist's library.' - Lynne Bennett, Yale University 'This collection of classic papers deserves space on the bookshelf of every natural resource economist. The papers could not have been better selected, and readers will find Gopalakrishnan's well-crafted overview paper helpful in understanding what makes each paper a classic.' - Ray Huffaker, Washington State University 'All economists who have taught courses in the economics of natural resources have faced the daunting task of choosing readings (perhaps to supplement a textbook) that best represent the field. No longer! Gopalakrishnan's volume has done the job for us. Not only are the pieces judiciously selected for inclusion, but their value as a composite is enhanced by their organization into major topical areas. I can hardly wait for the opportunity to use this book.' - B. Delworth Gardner, Brigham Young University 'The title says it all. This book presents in one volume a collection of major papers in the field of natural resource economics. Containing many of the classics in the field, upon which much of the current literature is built, this book is a must-have for any resource economist's library.' - Lynne Bennet, Yale University 'This collection of classic papers deserves space on the bookshelf of every natural resource economist. The papers could not have been better selected, and readers will find Gopalakrishnan's well-crafted overview paper helpful in understanding what makes each paper a classic.' - Ray Huffaker, Washington State University 'This edited volume by Professor Gopalakrishnan comprises an excellent selection of the theoretical underpinnings of much of natural resource economics and applied welfare economics generally. It should be quite useful as a supplemental source in graduate courses in resources, environmental economics and applied welfare economics.' - Charles W. Howe, University of Colorado at Boulder