The recent catastrophe in Atlantic fisheries resource management has important national and international implications that we would ignore at our peril. What lessons can be learned from the disappearance of cod from the Grand Banks of Newfoundland? Can we apply this knowledge to help explain the recent disappearance of millions of salmon off the coast of British Columbia? While Atlantic Canada is the specific focus of the papers in this book, the problems addressed are global. A fundamental reorientation of the economics of fisheries management is needed in which far greater prominence is given to the role of uncertainty. The papers in this volume were first presented at the 28th Annual Meeting of the Canadian Economics Association held in June 1994 at The University of Calgary. Economists and applied mathematicians from both academia and government have contributed to this volume.