How can we manage a so-called "renewable" natural resource such as a fishery when we don't know how renewable it really is? James A. Crutchfield and Arnold Zellner developed a dynamic and highly successful economic approach to this problem, drawing on extensive data from the Pacific halibut industry. Although the U.S. Department of the Interior published a report about their findings in 1962, it had very limited distribution and is now long out of print.

This book presents a complete reprint of Crutchfield and Zellner's pioneering study, together with a new introduction by the authors and four new papers by other scholars. These new studies cover the history of the Pacific halibut industry as well as the general and specific contributions of the original work—such as price-oriented conservation policy—to the fields of resource economics and management. The resulting volume integrates theory and practice in a clear, well-contextualized case study that will be important not just for environmental and resource economists, but also for leaders of industries dependent on any natural resource.

An Uprising by New Mexicans and Native Americans Against American Rule that Continues to Resonate Today
On the morning of January 19, 1847, Charles Bent, the newly appointed governor of the American-claimed territory of New Mexico, was savagely killed at his home in Don Fernando de Taos, a small, remote town located north of Santa Fe. Those responsible for Bent’s murder were New Mexican settlers and Indians from nearby Taos Pueblo who refused to recognize the United States occupation. With emotions rubbed raw, the natives continued their bloodbath until five more leading citizens were massacred in Taos. During the ensuing months, American civilians and soldiers, along with scores of New Mexicans and Taos Indians, were killed and wounded throughout the region. Less than a month following Bent’s murder, in a two-day battle, volunteer and regular elements of an American army under the command of Colonel Sterling Price emerged victorious after bombarding the insurrectionists at their refuge in the church at Taos Pueblo. Surviving participants in the earlier Taos murders were arrested, tried in American-dominated courts, and, within weeks, hanged for their actions. The murder of Bent and the others at Taos and the subsequent trials and executions brought with them misunderstanding, controversy, mistrust, and recrimination on both sides of the issue. The events also subjected President James K. Polk’s administration to censure over what some critics believed was an overextension of presidential authority in claiming New Mexico as a territory.
In Revolt at Taos: The New Mexican and Indian Insurrection of 1847, writer and historian James A. Crutchfield explores the fast-moving events surrounding the bloody revolt which left native inhabitants of New Mexico wondering how their neighbors and kinsmen could be legally tried, found guilty, and executed for acts they considered to have been honorable ones committed in defense of their country. These concerns have never been adequately addressed and their struggle has been all but scrubbed from the history of American expansion.