I came across this paper out there on the world wide web; it’s written by Wim Davidse. Here’s the abstract:
The paper questions the usefulness of fisheries economics, following some statements that express the uselessness of business economics in a leading Dutch journal on this discipline. These statements are:
– The contribution to practice is very limited. Solutions are implemented in practice without consulting theories;
– Theoretical assumptions use to be far from practice. Expressing utilities in monetary values will only partly explain the behaviour of entrepreneurs.
– Theoretical outcomes are self-evident or only explain in retrospect rationality of business decisions.
– Theories only need to satisfy our need for knowledge and are as such a kind of ‘l’art pour l’art’.
The paper applies these four observations to fisheries economics and gives some examples in this discipline. In a more positive way the specific contribution of fisheries economics to fisheries management and to business practice is investigated. Finally, some recommendations are formulated.
Jumping to the conclusions:
[F]isheries economics is nota as useless as business economics […] since there have been clear contributions to the practice of fisheries management. […] Answering the question in the title of this contribution I will say that fisheries economics is a useful science in combination with other sciences and with practical knowledge.