First written in 1977, Economics of Natural and Environmental Resources presents a collection of articles written in exploration of the economic, social, and ecological problems peculiar to natural and environmental resources. Whilst focusing on the economic theory of natural resources, the contributions also consider geological, technological, and institutional features of particular resources.;Cover; Economics of Natural & Environmental Resources; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Table of Contents; Preface; Part I. Theory of Exhaustible Resources; Chapter 1. Some Extensions of the Economic Theory of Exhaustible Resources.; Chapter 2. The Theory of Exhaustible Resource Use: A Basic Model.; Chapter 3. An Optimistic Theory of Exhaustible Resources.; Chapter 4. The Optimal Depletion of Exhaustible Resources.; Part II. Petroleum and Natural Gas Economics; Chapter 5. Petroleum Conservation in Theory and Practice.