James M. Acheson turns his attention to the management of the lobster industry. He shows that resource degradation is not inevitable. Catches have been stable since World War II, and record highs have been achieved since the 1980s. According to Acheson, these high catches are due partly to the institutions controlling lobster fishing practices.

James M. Acheson, author of Lobster Gangs of Maine (the bestselling work on the culture and economics of lobster fishing), here turns his attention to the management of the lobster industry. In this illuminating book, he shows that resource degradation is not inevitable. Indeed, the Maine lobster fishery is one of the most successful fisheries in the world. Catches have been stable since World War II, and record highs have been achieved since the 1980s. According to Acheson, these high catches are due partly to the institutions controlling lobster fishing practices.