The invisible wand: adaptive co-management as an emergent strategy in complex bio-economic system

By J. Ruitenbeek, C. Cartier. 2001

181 citations recorded by the source corpus.

This paper provides an economic perspective on concepts related to adaptive co-management (ACM). The discussion is cast within a formal generalised complex system (CS) framework. The authors explicitly explore the hypothesis of whether ACM can be regarded as an emergent strategy under specific conditions. The conditions draw a corollary from the well-known work of Adam Smith that describes 'self interest' as a forcing factor (the 'invisible hand) that lead to stability and efficiency in economic systems. The specific hypothesis is meant as an exploratory tool that permits the authors: (i) to develop in greater detail a formal definition of the elements of the system within a CS framework; (ii) to provide economic perspectives on the literature relating to ACM; (iii) to derive some related empirical lessons from that literature; (iv) to demonstrate the limitations of existing economic modelling and analytical constructs for addressing ACM issues; (v) to identify potential policy linkages; and (vi) to elaborate research implications.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/7feed34d3e25a5e7370f15bfd72f7b2682400962

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In Economics and Econometrics

  1. Carl Folke
  2. Charles Redman
  3. Fikret Berkes
  4. Ann Kinzig
  5. D. Armitage
  6. Derek Johnson
  7. R. Plummer
  8. Sarah Michaels

In Management Science and Operations Research

  1. R. Plummer
  2. D. Armitage
  3. P. Olsson
  4. Fikret Berkes
  5. Charles Redman
  6. Ann Kinzig
  7. Derek Johnson
  8. Carl Folke

Citations in the corpus