The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Renewable Resources

  • Colin W. Clark
Reference work entry


A resource stock may be termed ‘renewable’ if constant periodic removals from it can be indefinitely prolonged. A renewable resource may be further classified as depletable or nondepletable, according to whether or not its productivity is affected by the level of exploitation. Biological resources such as fish, bird and animal populations, forests, grasslands and agricultural soils, provide examples of the depletable type, while surface water resources, solar and geothermal energy may be classified as nondepletable.

This is a preview of subscription content, log in to check access.


  1. Ciriacy-Wantrup, S.V. 1952. Resource conservation: Economics and policies. Berkeley: University of California Press. 3rd ed., 1968.Google Scholar
  2. Clark, C.W. 1976. Mathematical bioeconomics: The optimal management of renewable resources. New York: Wiley–Interscience.Google Scholar
  3. Clark, C.W. 1985. Bioeconomic modelling and fisheries management. New York: Wiley–Interscience.Google Scholar
  4. Duerr, W.A. 1979. Forest resource management. Philadelphia: Saunders.Google Scholar
  5. Hotelling, H. 1931. The economics of exhaustible resources. Journal of Political Economy 39: 137–175.CrossRefGoogle Scholar
  6. Mangel, M. 1985. Decision and control in uncertain resource systems. New York: Academic.Google Scholar
  7. Meadows, D.H., D.L. Meadows, J. Randers, and W.W. Behrens. 1972. The limits to growth. New York: Universe Books.Google Scholar
  8. Oldfield, M.L. 1984. The value of conserving genetic resources. Washington, DC: US Department of the Interior.Google Scholar
  9. Pigou, A.C. 1920. The economics of welfare. London: Macmillan.Google Scholar
  10. Ricardo, D. 1817. In Principles of political economy and taxation, ed. R.M. Hartwell. Harmondsworth: Penguin.Google Scholar
  11. Scott, A.D. 1955. Natural resources: The economics of conservation. Toronto: University of Toronto Press. 2nd ed., Toronto: McClelland & Stewart, 1973.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Colin W. Clark
    • 1
  1. 1.