MYTHS, ADMONITIONS AND RATIONALITY: THE AMERICAN INDIAN AS A RESOURCE MANAGER

As concern over natural resource management has increased, modern societies have been warned that a new, less materialistic ethic will be required for man's survival. The American Indian cultures have been prominent among the ideals mentioned. This paper puts forth and cites evidence to support the economic arguments that incentives matter most. Ethical considerations are important to the extent that they influence institutions, which are crucial in determining incentives. Indian use of private property rights, and the problems caused when that solution was impractical, are featured.