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Economic Criteria for Decisions on Preservation and use of Inland Wetlands in Massachusetts

Published online by Cambridge University Press:  07 July 2020

Tirath R. Gupta
Tirath R. Gupta*
Affiliation:
Department of Agricultural and Food Economics, University of Massachusetts
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Extract

A long sustained belief that undeveloped natural resources constitute unproductive economic waste has recently been losing ground. Moreover, preserving a natural resource such as wetlands is not preserving something unproductive. On the contrary, the resource can often be considered as socially and economically productive in its undeveloped form. In other words, an unaltered natural resource has the potential of being productive in both material and non-material ways. In making a decision about preservation the relevant point is the social productivity of a resource in its preserved condition as compared to its social productivity in an altered condition.

Type
Natural Resource Economics
Information
Journal of the Northeastern Agricultural Economics Council , Volume 1 , October 1972 , pp. 201 - 210
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

This work is supported by funds provided by the United States Department of the Interior, Office of Water Resources, as authorized under the Water Resources Research Act of 1964 (P.L. 88-379), Dr. Joseph S. Larson, Principal Investigator. The author is also thankful to Professors John H. Foster and Elmar Jarvesoo for their advice and encouragement in the preparation of this paper.

References

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3 Massachusetts Department of Natural Resources, Report Relative to the Inland Wetlands and Flood Plains of the Commonwealth, Senate Document No. 1273, June 5, 1967.Google Scholar
4 Smith, Adam, An Inquiry Into the Nature and Causes of the Wealth of Nations, Cannan, Edwin (Editor), New York: The Modern Library, 1937.Google Scholar
5 Wharton, Charles H., The Southern River Swamp - A Multiple-Use Environment, Bureau of Business and Economic Research, School of Business Administration, Georgia State University, 1970.Google Scholar