Classic Papers in Natural Resource Economics brings together a choice selection of some of the most enduring academic writing published in this field in a single volume. The 14 papers included in this book are grouped into five sections: the intertemporal problem; externalities and market failure; property rights, institutions and public choice; the economics of exhaustible resources, and the economics of renewable resources. Each section represents a major area in natural resource economics. Written by distinguished resource economists, the papers in this volume probe, analyze, and illuminate the central issues in the discipline.