Sustainable Resource Development in the 21st Century

Peter’s dissertation, supervised by Bob Solow, revolutionized forestry economics. It introduced the formal study of the management of timber harvesting on public lands. Peter was the world’s foremost expert on forestry economics. He served as an expert witness for the United States during the expansion of California’s Redwood National Park by eminent domain. He became the S.J. Hall Professor of Forestry and was delighted to become a professor of forestry as well as economics. The late Karl-Gustav Löfgren, in his book The Economics of Forestry and Natural Resources (New York and Oxford: Basil Blackwell, 1985), inscribed Peter’s copy “to Peter, who opened the road.”