Professor Crase discusses the opportunity cost of water trade and the fundamental aspect of economics in treating water as a resource. Given the limited nature of resources, water can be and is traded on a water market dividing the haves and have nots of water supply.

Professor Crase has spent the past 15 years examining water policy and its implications for resource management. He has written and edited three books and published over 60 scholarly journal papers in this area. His work has covered the difficult public policy dilemmas associated with water allocation in Australia and India.

Recorded at the Bendigo Campus of La Trobe University, 26th August 2009.

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