Today, important fisheries have become commercially extinct and others are threatened. The dominant presence of this scientific uncertainty indicates the need to rethink the existing fishery management system. This book examines in detail the underlying root causes of our failure to successfully manage the fishery resources of the world's oceans and offers alternative solutions that will allow human society to maximize the long term benefits form ocean resources. This monograph will be of great interest to academics in economics, business, environmental sciences and sociology, in addition to the core market of natural resources management, environmental policy, resource conservation, economic development and geography. In addition, it is relevant for those working in fisheries management for government bodies and NGOs.