This volume was assembled by two of Dr. Wantrup's students as a complement to his textbook, Resource Conservation: Economics and Policies. Wantrup's ideas on conservation economics continued to evolve in ways that were never fully reflected in that text, and although for the student of natural resource economics it is still essential reading, to stop there is to have missed some of his most valuable insights.

Preface -- Introduction -- Biographical Sketch -- Is the Commons A Tragedy? -- Introduction to Part 1 -- Common Property as a Concept in Natural Resources Policy*1 -- The Economics of Environmental Policy*1 -- Criteria and Conditions for Public and Private Ownership of Range Resources*1 -- Water Policy -- Introduction to Part II -- Water Policy and Economic Optimizing: Some Conceptual Problems in Water Research*1 -- Water Economics: Relations to Law and Policy*1 -- Philosophy and Objectives of Watershed Policy* -- Water Quality, A Problem for the Economist*1 -- Water Development Economics -- Introduction to Part III -- Benefit-Cost Analysis and Public Resource Development*1 -- Conceptual Problems in Projecting the Demand for Land and Water*1 -- Cost Allocation in Relation to Western Water Policies*1 -- Irreversibility, Uncertainty, and Conservation -- Introduction to Part IV -- Economics and Policies of Resource Conservation*1 -- Conservation of the California Tule Elk: A Socioeconomic Study of a Survival Problem*1 -- The New Competition for Land and Some Implications for Public Policy*1 -- Conservation and Resource Programming*1 -- Social Objectives of Conservation of Natural Resources with Particular Reference to Taxation of Forests*1 -- Multiple use as a Concept for Water and Range Policy*1 -- Part V Natural Resources in Economic Development -- Introduction to Part V -- Natural Resources in Economic Growth: The Role of Institutions and Policies*1