'Forestry involves using land, labour and capital to produce
goods and services from forests, and economics helps in understanding
how we can do this in ways that will best meet the needs of
people.' -- from the Preface

This important new textbook is designed to fit the needs of students
in a second-year course in forestry economics. It assumes completion of
an introductory course in economics. The author is Peter H. Pearse, an
internationally recognized natural resource economist. He teaches
undergraduate courses at the University of British Columbia and
understands the need for a book such as this.

Pearse was motivated by a conviction that a firm grounding in
economics is integral to sound forestry policies and practices. Because
forestry students are sometimes skeptical about the usefulness of
economics to their future careers, Pearse has 'distilled the
subject down to the fundamentals, the basic economic principles of
forestry and how they bear on forest management and policy
decisions.' He emphasizes concepts that foresters will find most
useful throughout their careers.

Introduction to Forestry Economics looks at the application
of economic principles to both private and public sector forestry
decision-making. While the text covers basic principles such as
opportunity cost, equimarginal conditions, and consumer sovereignty, it
also provides an excellent discussion of resource allocation over
time.