A comprehensive, updated guide to applying economic principles for effective forest management and policy. A firm grounding in economics is integral to sound forestry management, investment, policies, and practices. Forest Economics, Revised and Expanded Edition, a full revision of the widely used 2011 text, is an essential textbook for forestry students. It covers the basic economic concepts, principles, and constructs and shows how these are applied in private and public forestry decision-making. The goal is to lead readers to understand how to use land, labor, and capital to produce goods and services from forests in ways that will best meet the needs of people. This comprehensive edition--which systematically covers modern forest management, timberland investment, and policy issues--contains new data, examples, and applications of economic principles throughout, along with updated references and study questions. Additional content is provided in several significant new areas: -
