The Wealth of Forests

Industrial forestry in North America is at a crossroads. A broadconsensus has emerged that both the practice and theory of forestrymust change in order to achieve sustainability. This book is a pioneering attempt to consider the concrete policyimplications of the much discussed transition to sustainable forestry.It integrates two distinct academic literatures: one that seeks todefine and identify ways to implement sustainable forestry, and anotherthat focuses on the relative merits of regulatory and marketinstruments for promoting environmental values.