Economics of Aquaculture presents basic economic theory in a concise and logical format which is easily adaptable to practical application. Examples of economic solutions to common problems help you understand the need for economic application to aquaculture and the success that may come with sound economic planning and management. It also provides coverage of virtually all basic principles of microeconomics, farm management finance, and marketing applicable to the aquacultural industry. You will "walk" through the intricate maze of decisions which are necessary for success in the business environment.The regular and on-going business of aquacultural production and marketing is addressed as a continuous problem set for the student or producer. Business decisions are shown to be logical extensions of those in production and vice versa. A successful producer must be a successful business person if production is to remain an option. Thus, the real and logical need for economics in production is carefully presented.Additionally, producers and students alike will find that application of careful economic planning results in long-term viability for individual producers as well as community projects, cooperatives, or even governmental projects. Special sections in the book illustrate the savings or costs of right and wrong decisions as well as those related to short versus longer term planning and investment. Other topics covered in this book include: role of aquaculture in economic development fish demand and supply farm management and operation time value of money in the short- and long-term capital budgeting market structure and price theory government in aquacultureAlong with students, other readers will find the business help they need in Economics of Aquaculture. Professional aquaculturalists will find the topics of basic production economics, marketing, and cost analysis particularly relevant and governmental administrators will find the presentation of basic principles, time value of money, capital budgeting, and the role of government in aquaculture a valuable resource for years to come.

"Butch" Thayer was born in Butte, Montana. After graduating from high school, he applied to and was accepted to attend the U S Coast Guard Academy in New London, CT, from which he was graduated in 1933 and commissioned as Ensign. 26 years and 10 assignments later, Captain Thayer moved the OCS and MMS Schools from the Academy to a former Navy school property in Yorktown, VA and commissioned the facility as the Coast Guard Reserve Training Center. His vision was that, over time, the property would be renewed and transformed into a modern, major facility for the training of Coast Guard personnel, both Regular and Reserve, and he laid the groundwork for his vision before being transferred. He was promoted to Rear Admiral in 1963 and assigned to Coast Guard Headquarters where he held operational control over the Yorktown facility and the renewal process began. In 1965 he assumed duties as Commander of the Seventh Coast Guard District in Miami during the turmoil following the Cuban Missile Crisis. He retired from active service in 1967 and accepted a Presidential Appointment as one of five members of the newly-formed National Transportation Safety Board (NTSB). This biography was created by the contributions of four persons who knew Admiral Thayer well: His son, two of his staff officers, and the author who brought together their combined experiences to form a portrait of the heart and soul of this honorable man and inspiring Coast Guard leader. To honor his memory, in May 1991, the Coast Guard dedicated the newly constructed Administration Building at Yorktown as Thayer Hall, which brought to completion the renewal of the training center as first envisioned by Admiral Thayer in 1959. Semper Paratus (Always Ready).

"Lamar Jolly's book, "From Humble Beginnings," is a simple story about leadership, change, power, politics.and what I enjoyed most of all is the story about how much impact the United States Coast Guard has on the lives of so many." -Rear Admiral J. Scott Burhoe, U. S. Coast Guard

"A simple story about the life of a young Coast Guardsman who went on to a successful career in an ever changing and competitive world as a real estate developer." -Rear Admiral Raymond H. Wood, U. S. Coast Guard (1927-2006) 1999

"My longtime friend, Lamar Jolly, has written an inspiring book about his life and the lives of some of his heroes, and I'm honored to be included among them." -Commander Orland D. French, (Retired) U. S. Coast Guard

Lessons learned from history bring us encouragement for today and hope for tomorrow.