Rationality or Chaos? Global Fisheries at a Crossroads

The depletion of commercially exploited fish populations is well documented in the scientific literature, with new studies and perspectives being published at a rapid rate. Economic problems in fisheries, such as extreme economic inefficiency and escalating government subsidies, are also fairly well documented. However, in spite of a number of fundamental theoretical contributions, the literature has been less successful in identifying socially and politically practical solutions to these problems.