Carmel Finley's 2011 "All the Fish in the Sea" is an exploration of the history behind the longstanding policy of the US and other governments of managing fisheries for maximum sustainable yield, a policy dating at least to the dawn of the Cold War and having as much to do with political policy as with the management of fish stocks.
Maximum Sustainable Yield (MSY) is the theory that fish stocks can be exploited for large catches, year in and year out, on a scientific basis and without major damage to fish populations. As Finley demonstrates, the theory is plausible on its face, but in the 1940s and 1950's, in a world anxious for fish protein, the science simply did not exist to identify in a timely fashion the tipping point at which stocks would decline. A more conservative approach, advocated by a few scientists at the time, can be seen in retrospect as a better fishing policy. However, MSY won out because it better suited the diplomatic, military and economic goals of its advocates, the United States, Great Britain, Japan, and even the Soviet Union, by ensuring exansive access to the high seas.
Finley has done her research and carries her point, although portions of the text are repetitive and awkwardly edited and although she declines to give much credit to decision makers faced with the real and pressing demands of the Cold War. "All the Fish in the Sea" is highly recommended to students of the conservation of marine resources as a valuable lesson.