Fisheries systems are widely considered to be ‘in crisis’ in both economic and ecological terms, a considerable concern given their global significance to food security, international trade and employment. The most common explanation for the crisis suggests that it is caused by weak and illiberal property regimes. It follows that correcting the crisis involves the creation of private property rights that will restore equilibrium between the profitable, productive function of fishing firms and fish stocks in order to maximize ‘rent’.
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Library ResourceJournal Articles & BooksDecember, 2014