Product Description: In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve...read more (view table of contents, read Amazon.com's description)

This wide-ranging book, which synthesises current theoretical and empirical research, and challenges traditional assumptions, examines the Tragedy of the Commons, the mismanagement of natural resources. Focusing on local ecosystems, it asks how they can be most efficiently and equitably protected-by private, public or community management. (view table of contents)