"What passes for economics in wildlife trade literature avoids several serious conceptual and empirical questions, " says Dr. Alejandro Nadal.

“What passes for economics in wildlife trade literature avoids several serious conceptual and empirical questions, ” says Dr. Alejandro Nadal.

Supporters of South Africa’s push to legalize rhino horn trade are fond of saying that the position is one of economics — but expert scrutiny reveals that the “rhino-nomics” theory is simplistic, flawed, and based on naïve textbook concepts.

Speaking at the International Wildlife Trafficking Symposium in London, Dr. Alejandro Nadal — Professor at the Centre for Economic Studies of El Colegio de Mexico and Co-Chair of TEMTI-CEESP-IUCN — opened his presentation by stating that any debate on wildlife trade policy “needs to take into account the fact that markets do not behave in accordance to the simplified narrative of textbook economics”.

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