According to Andrea Borgarello at The World Bank, “A healthy ocean provides jobs and food, sustains economic growth, regulates the climate, and supports the well-being of coastal communities”. Our oceans and ocean economy have not only a distinct impact on global food production, but also provide us with incredible habitats and vibrant biodiversity. As the world’s largest carbon sink, we need to protect the oceans whilst still using it to provide for the approximately 600 million livelihoods globally that depend at least partially on fisheries and aquaculture.In today’s episode, I sit down to talk with Dr Ethan Addicott out of the University of Exeter to discuss the permitting of the fishing industry in Alaska and how such schemes affect the wider economy.His work combines theory with detailed biogeophysical and economic data to better understand changes in natural capital assets. Ethan frequently works with natural scientists and other economists to accelerate progress toward a sustainable future.Dr Ethan Addicott:https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Ethan_AddicottTimestamps:Video References:1) Dumped fishing gear is biggest plastic polluter in ocean, finds report, Sandra Laville, 2019https://www.theguardian.com/environment/2019/nov/06/dumped-fishing-gear-is-biggest-plastic-polluter-in-ocean-finds-report2) Identifying the potential for cross-fishery spillovers: a network analysis of Alaskan permitting patterns, Addicott, Kroetz, Reimer, Sanchirico, Lew and Huetteman, 2018https://cdnsciencepub.com/doi/10.1139/cjfas-2017-05503) Lotka-Volterra Equations, Eric Weisstein, 2023https://mathworld.wolfram.com/Lotka-VolterraEquations.html4) What Is the Prisoner's Dilemma and How Does It Work?, Investopedia, 2023https://www.investopedia.com/terms/p/prisoners-dilemma.asp5) 30 Years of Limited Entry, Frank Homan, 2023https://seagrant.uaf.edu/events/fish-com2/ppts/homan-limitedentry-summary.pdf6) Can Catch Shares Prevent Fisheries Collapse?, Christopher Costello et al, 2008https://www.science.org/doi/10.1126/science.11594787) Did NATIONALISATION Help the Rail Industry? | Marginal Babble Ep.6 with Dr Mark Casson, Maxwell Dorey, 2023https://youtu.be/p8l9UwTHW6c8) Being BETTER with Data Analysis! | Marginal Babble Ep.9 with Dr Shixuan Wang, Maxwell Dorey, 2023https://youtu.be/0hT4Ly5fc809) Magnuson-Stevens Fishery Conservation and Management Act, NOAA Fisheries, 2007https://www.fisheries.noaa.gov/resource/document/magnuson-stevens-fishery-conservation-and-management-act10) Has the Brexit fishing promise come true?, Tamara Kovacevic, 2023https://www.bbc.co.uk/news/6443021611) United Nations Decade of Ocean Science for Sustainable Development (2021-2030), Unesco, 2023https://en.unesco.org/ocean-decade12) Coastal zone management, UN Environment Programme, 2023https://www.unep.org/explore-topics/oceans-seas/what-we-do/working-regional-seas/coastal-zone-management13) How climate change is re-allocating ocean wealth – and why it matters, Ethan Addicott, 2023https://business-school-expertise.exeter.ac.uk/article/how-climate-change-is-re-allocating-ocean-wealth/Socials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/