Most of us have an idea of summer in our heads. It generally involves beaches. Americans head to their coasts — avoiding only fog-shrouded San Francisco — and Europeans to the Mediterranean or Aegean. We all strip down to near nakedness and sit around in the sun, occasionally frolicking in the ocean waves. We aim to return home tanned and toned. If you come from another planet and do not know what I am talking about, watch the Barbie trailer.

An entire economic system has evolved to meet our needs. Airlines compete to fly us to seaside resorts where hotels provide the shelter and the food. Restaurants with sea views are thronged. Those who can afford a second home compete for waterfront locations. Owning a boat or some other aquatic toy is often part of the deal. There is also a freshwater variant, in which a lake takes the place of the sea. But the basic concept is the same...

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