Fisheries and Uncertainty

The catastrophe in Atlantic fisheries resource management in the 1990s has had important national and international implications that we would ignore at our peril. What lessons can be learned from the disappearance of cod from the Grand Banks of Newfoundland? Can we apply this knowledge to help explain the recent disappearance of millions of salmon off the coast of British Columbia? While Atlantic Canada is the specific focus of the papers in this book, the problems addressed are global. A fundamental reorientation of the economics of fisheries management is needed in which far greater prominence is given to the role of uncertainty.