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MYTHS, ADMONITIONS AND RATIONALITY: THE AMERICAN INDIAN AS A RESOURCE MANAGER
Author(s) -
BADEN JOHN,
STROUP RICHARD,
THURMAN WALTER
Publication year - 1981
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1981.tb00607.x
Subject(s) - cites , materialism , incentive , mythology , rationality , property rights , private property , resource (disambiguation) , economics , natural resource , law and economics , law , political science , market economy , microeconomics , philosophy , theology , computer network , computer science , fishery , biology
As concern over natural resource management has increased, modern societies have been warned that a new, less materialistic ethic will be required for man's survival. The American Indian cultures have been prominent among the ideals mentioned. This paper puts forth and cites evidence to support the economic arguments that incentives matter most. Ethical considerations are important to the extent that they influence institutions, which are crucial in determining incentives. Indian use of private property rights, and the problems caused when that solution was impractical, are featured.