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A unified exposition of the principles of optimum use of renewable and nonrenewable natural resources, set in the framework of historical natural resource concerns and real world resource markets. Utilizes most up-to-date theoretical and empirical research results from economics, geology, hydrology, and the environmental sciences. Characterizes the role of natural resources in long-term economic growth; describes and analyzes problems and policy issues of energy, nonenergy minerals, forestry, fisheries, water resources, and preserved natural environments. Reviews factors critical to the future and seeks to derive a ``responsible natural resources policy'' that emphasizes intergenerational equity. Includes several extended case studies.
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