Scarcity and Frontiers : How Economies Have Developed Through Natural Resource Exploitation (9780521701655)

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Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new 'frontiers' has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.

Product details

• Format Paperback | 768 pages
• Dimensions 153 x 229 x 34mm | 1,210g
• Publication date 31 Jan 2011
• Publisher Cambridge University Press
• Publication City/Country Cambridge, United Kingdom
• Language English
• Illustrations note 42 Tables, black and white; 46 Line drawings, black and white
• ISBN10 0521701651
• ISBN13 9780521701655
• Bestsellers rank 1,399,332

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