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| environmental economics theory and policy: Environmental Economics Duane Chapman, 2000 Environmental Economics: Theory, Application, andPolicy's strong policy-oriented approach to environmental economics draws in current research and case studies to illustrate topics on the cutting edge of worldwide policy debates. The author introduces students to subjects such as biodiversity, climate change, air pollution, and forestry by presenting the actual data and methods used by experts in these fields. In addition, considerable material on emerging areas such as macroeconomics and trade, agriculture, ecological economics, and sustainability gives students a full understanding of the environmental economics field. The book's focus on basic economic concepts in the introductory chapters prepares students to understand these issues. Chapman does not discuss economics in the abstract: examples, historical contexts, and case studies are used to illustrate key points. And throughout the book, there is a heavy emphasis on social issues and ethics. *Strong policy approach - seen in its integration of practical examples and issues that are both domestic and international in nature - combines scientific and economic interpretations of environmental problems *Focus on core economic th |
| environmental economics theory and policy: Environmental Economics Hans Wiesmeth, 2022-05-12 Revised and updated for the 2nd edition, this textbook provides an analysis and investigation of the most essential areas of environmental economic theory and policy, including international environmental problems. The approach is based on standard theoretical tools, in particular equilibrium analysis, and aims to demonstrate how economic principles can help to understand environmental issues and guide policymakers. Current topics including climate change, overfishing and integrated approaches to environmental policies are carefully analyzed in this framework, and a multitude of practical examples from various parts of the world is presented. Addressing undergraduate and graduate students, this book is a must read for everybody interested in a better understanding of environmental economics. |
| environmental economics theory and policy: Environmental Economics Alfred Endres, 2011 How can we design environmental policy that achieves ambitious ecological goals without burdening society with excessive costs? How can effective international agreements, for example, on global warming, be designed? This textbook discusses issues such as these in an intelligible manner for students. The book uses little mathematical analysis, relying on verbal and graphical analysis. |
| environmental economics theory and policy: Environmental Economics and Management Scott Callan, Janet M. Thomas, 2000 The text presents a broad study of environmental issues and explores economic theories to reinforce the lessons. Offering a long-lasting understanding of real-world environmental problems and policy solutions, this work provides a foundation for the environmental managers of tomorrow. |
| environmental economics theory and policy: Environmental Economics Katar Singh, Anil Shishodia, 2007-12-18 Environmental Economics: Theory and Applications is a comprehensive treatise on environmental economics with special focus on theories of collective action, environmental policy and management. A balanced blend of theory and practice, this book outlines the basic concepts, theories, tools and techniques of environmental economics, which not only enable the reader to diagnose the root causes of environmental problems and identify practicable solutions, but also facilitate the design of environmental policy and management strategies. The book combines: - innovative synthesis of concepts, ideas and theories; - presentation in a simple, easy-to-comprehend language and style; - illustrations and examples from real life situations; - latest available research data on various environmental problems, including global warming, acid rain and depletion of the ozone layer; and - special focus on environmental policy and management. Useful as a textbook at graduate and post-graduate levels, it caters to the needs of students, teachers, researchers, environment managers and policy-makers in India. |
| environmental economics theory and policy: Environmental Economics Dodo J. Thampapillai, Matthias Ruth, 2019-05-29 Environmental Economicsexplores the ways in which economic theory and its applications, as practised and taught today, must be modified to explicitly accommodate the goal of sustainability and the vital role played by environmental capital. Pivoting around the first and second laws of thermodynamics, as well as the principles of ecological resilience, this book is divided into five key parts, which includes extensive coverage of environmental microeconomics and macroeconomics. It drills down into issues and challenges including consumer demand; production and supply; market organisation; renewable and non-renewable resources; environmental valuation; macroeconomic stabilisation, and international trade and globalisation. Drawing on case studies from forestry, water, soil, air quality, and mining, this book will equip readers with skills that enable the analyses of environmental and economic policy issues with a specific focus on the sustainability of the economy. Rich in pedagogical features, including key concepts boxes and review questions at the end of each chapter, this book will be a vital resource for upperlevel undergraduate and postgraduate students studying not only environmental economics/ecological economics but also economics in general. onomy. Rich in pedagogical features, including key concepts boxes and review questions at the end of each chapter, this book will be a vital resource for upperlevel undergraduate and postgraduate students studying not only environmental economics/ecological economics but also economics in general. |
| environmental economics theory and policy: Green Economics Molly Scott Cato, 2012-05-16 The world as we know it needs a new economics. Climate change, financial crisis and out-of-control globalization - all the major problems facing the world have their root in the dominant economic system. The globalised marketplace is the prevailing force in our lives, undermining the real importance of our human communities and our planet. Green Economics argues that society should be embedded within the ecosystem, and that markets and economies are social structures that should respond to social and environmental priorities. This highly readable text provides an introduction to green economics including views on taxation, welfare, money, economic development and employment through the work of its inspirational figures including Schumacher, Robertson and Douthwaite. It also explores the contributions and insights of schools of thought critical of the dominant neo-classical economic paradigm, including ecofeminism, views from the global South, and the perspective of indigenous peoples. Examples of effective green policies that are already being implemented across the world are presented, as well as policy prescriptions for issues including climate change, localization, citizens' income, economic measurement, ecotaxes and trade. |
| environmental economics theory and policy: The Theory of Environmental Policy William J. Baumol, Wallace E. Oates, 1988-02-26 An analysis of the economic theory of environmental policy and the factors influencing the quality of life. Recent research in environmental economics is incorporated as well as economic incentives for pollution control. |
| environmental economics theory and policy: Environmental Law and Economics Michael G. Faure, Roy A. Partain, 2019-10-31 In Environmental Law and Economics, Michael G. Faure and Roy A. Partain provide a detailed overview of the law-and-economics methodology developed and employed by environmental lawyers and policymakers. The authors demonstrate how this approach can transcend political divisions in the context of international environmental law, environmental criminal law, and the property rights approach to environmental law. Private law solutions and public regulatory approaches are also explored, including traditional command-and-control and market-based forms of regulation. The book not only shows how the law-and-economics framework can be used to protect the environment, but also to examine deeper questions involving environmental federalism and the effectiveness of environmental law in developing economies. In clear, digestible prose that does not require readers to possess a background in microeconomics or mathematics, the authors introduce the theory and practice of environmental law and economics that have been so critical in the creation of robust environmental policy. |
| environmental economics theory and policy: Economic Theory for Environmentalists John Gowdy, 2020-02-10 Economic Theory for Environmentalists is a much-needed and heralded new book that examines the implications of neoclassical economic theory and how it relates to the environment and environmental activity. It addresses the ongoing conflict between market forces and environmental integrity and explains how neoclassical economic theory views the relationship between economic activity and the natural world. Each chapter outlines the concepts of economic theory and the relevance of its environmental and policy implications. It focuses on both micro and macro-economics. Policy tools such as price and income elasticities, consumer surplus and methods for measuring the economic value of environmental resources are discussed. A case study which examines a range of policy options is presented. Examples are also given throughout the text to illustrate regional and international policy questions. Presented in a simple and easy to understand manner, this valuable book is suited for anyone dealing with environmental, economic, or policy issues. |
| environmental economics theory and policy: Resource And Environmental Economics: Modern Issues And Applications (Second Edition) Clement A Tisdell, 2021-04-14 This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation. |
| environmental economics theory and policy: Resource Economics John C. Bergstrom, Alan Randall, 2016-06-24 Resource Economics engages students and practitioners in natural resource and environmental issues from both local and global standpoints. The fourth edition of this approachable but rigorous text provides a new focus on risk and uncertainty as well as new applications that address the effect of new energy technologies on scarcity and climate change mitigation and adaptation, while preserving and systematically updating the approach and key features that drew many thousands of readers to the first three editions. |
| environmental economics theory and policy: Environmental Economics Hans Wiesmeth, 2011-10-20 This text provides an analysis and investigation of the most essential areas of environmental theory and policy, including international environmental problems. The approach is based on standard theoretical tools, in particular equilibrium analysis, and aims to demonstrate how economic principles can help to understand environmental issues and guide policymakers. Current topics including climate change, overfishing and integrated approaches to environmental policies are carefully analyzed in this framework, and a multitude of practical examples from various parts of the world is presented. |
| environmental economics theory and policy: Markets and the Environment, Second Edition Nathaniel O. Keohane, Sheila M. Olmstead, 2016-01-05 A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon.--Publisher's web site. |
| environmental economics theory and policy: The New Environmental Economics Eloi Laurent, 2020-01-13 Too often, economics disassociates humans from nature, the economy from the biosphere that contains it, and sustainability from fairness. When economists do engage with environmental issues, they typically reduce their analysis to a science of efficiency that leaves aside issues of distributional analysis and justice. The aim of this lucid textbook is to provide a framework that prioritizes human well-being within the limits of the biosphere, and to rethink economic analysis and policy in the light of not just efficiency but equity. Leading economist Éloi Laurent systematically ties together sustainability and justice issues in covering a wide range of topics, from biodiversity and ecosystems, energy and climate change, environmental health and environmental justice, to new indicators of well-being and sustainability beyond GDP and growth, social-ecological transition, and sustainable urban systems. This book equips readers with ideas and tools from various disciplines alongside economics, such as history, political science, and philosophy, and invites them to apply those insights in order to understand and eventually tackle pressing twenty-first-century challenges. It will be an invaluable resource for students of environmental economics and policy, and sustainable development. |
| environmental economics theory and policy: Principles of Environmental Economics Ahmed Hussen, 2004-05-05 Can economic growth be environmentally sustainable? This crucial question goes right to the heart of environmental economics and is a matter of increasing concern globally. The first edition of this popular title was the first introductory textbook in environmental economics that truly attempted to integrate economics with not only the environment but also ecology. This new version builds and improves upon the popular formula with new material, new examples, new pedagogical features and new questions for discussion. With international case-studies and examples, this book will prove an excellent choice for introducing both students and other academics to the world of environmental economics. |
| environmental economics theory and policy: Environmental Economics and Management : Theory, Policy and Applications Scott J. Callan, Janet M. Thomas, 2009-10-28 Provide your students with an applied, practical approach to environmental economic theory that is accessible to both students who have minimal exposure to economics, and students with an advanced understanding of economics. With a strong focus on policy and real-world issues, Callan/Thomas's ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY, POLICY AND APPLICATIONS, Fifth Edition, does not compromise economic theoretical concepts, but it does complement economic theory with timely, real-world applications. Your undergraduate or MBA students will gain a clear perspective of the relationship between market activity and the environment. The text integrates a strong business perspective into the development of environmental decision making for a vantage point often overlooked in more conventional approaches. The book emphasizes the use of economic analytical tools, such as market models, benefit-cost analysis, and risk analysis, to assess environmental problems and to evaluate policy solutions. With a proven, modular structure, this edition provides a well-organized presentation with the flexibility to easily tailor the order of presentation and content of the course to your individual teaching needs. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| environmental economics theory and policy: Environmental and Natural Resources Economics Steven Hackett, Sahan T. M. Dissanayake, 2019-07-23 This new edition of Environmental and Natural Resources Economics provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Readers will appreciate the balanced and accessible coverage, and the integration of economics with science and public policy. |
| environmental economics theory and policy: Environmental Economics Stephen Smith, 2011 Environmental economics can be controversial, but it is also central to some key policy issues facing governments and society today, including industrial pollution, global warming and waste recycling. Stephen Smith looks at how economic activity affects the environment in which we live and how environmental policies can most effectively be used. |
| environmental economics theory and policy: Complexity Economics for Environmental Governance Jean-François Mercure, 2022-11-17 This book redesigns environmental governance for a sustainability transition, helping academics and decision-makers truly understand the socio-economic impacts of policy. |
| environmental economics theory and policy: Environmental Economics in Theory and Practice Nick Hanley, Jason F. Shogren, Ben White, 1997 This book provides a thorough and coherent review and discussion of environmental economics theory with an appreciation of empirical problems. It will be particularly suitable for undergraduate and postgraduate courses in environmental and resource economics and professionals. Particular emphasis is placed on analysing recent empirical studies from all over the world and each chapter develops the main theoretical results and recent developments necessary for complete understanding of the applications. The book is clear and succinct with separate chapters to look into economic models in more depth. |
| environmental economics theory and policy: Environmental and Natural Resource Economics Jonathan M. Harris, Brian Roach, 2016-05-05 Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided. |
| environmental economics theory and policy: Handbook of Environmental and Resource Economics Jeroen C. J. M. Van den Bergh, 2002-01-01 This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students. |
| environmental economics theory and policy: Economics and the Global Environment Charles S. Pearson, 2000-10-09 Economics and the Global Environment is a path-breaking, comprehensive analysis of how economic and environmental systems mesh in the international context. The book investigates if and how environmental resources, such as global climate, genetic diversity, and transboundary pollution can be managed in an international system of sovereign states without a Global Environment Protection Agency. It also considers traditional international economics - theory and policy - and explores how they can be expanded to accommodate environmental values. Until recently, trade theory and trade policy neglected pollution and environmental degradation. This situation has changed dramatically, and the controversial and corrosive issues of trade and the environment are here given careful analysis. These topics are enriched by a concise presentation of the principles of environmental economics, and a thoughtful treatment of sustainable development. The book will appeal to students and practitioners of trade and development, as well as the environmental community. |
| environmental economics theory and policy: The Economics of Environmental Policy Thomas Sterner, Jessica Coria, 2016 Environmental Policy is an increasingly important subject as we enter an era where environmental issues are affecting all walks of life. This informative Research Review provides a guide through the behavioral and political foundations of environmental economic policy. It discusses articles which give an in-depth view of the current economic discipline whilst also looking at research from other social and behavioral sciences. Students and scholars as well as environmental policy makers will find this an essential tool to navigate the political and behavioural issues that we have to understand in order to resolve some of the biggest political issues of our time. |
| environmental economics theory and policy: Environmental Economics and Management Scott J. Callan, Janet M. Thomas, 2009-10-28 Gain a practical, applied grounding in environmental economic theory that is understandable whether you have had minimal previous exposure to economics or have an advanced understanding. With a strong focus on policy and real-world issues, Callan/Thomas's ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY, POLICY AND APPLICATIONS, Fifth Edition, complements economic theory with timely, real-world applications for a clear perspective of the relationship between market activity and the environment. The book integrates a strong business perspective into the development of environmental decision-making--a vantage point often overlooked in other conventional approaches. You'll learn to use economic analytical tools, such as market models, benefit-cost analysis, and risk analysis, to assess environmental problems and to evaluate policy solutions. |
| environmental economics theory and policy: Economics of the Environment Horst Siebert, 2013-11-27 The IIlbor of nature is paid, not because she does little. In proportion as she becomes niggardly in her gifts, she exacts a greater price for her work. Where she is munificently benefi cient, she always works gratis. David Ricardo * This book interprets nature and the environment as a scarce resource. Whereas in the past people lived in a paradise of environmental superabundance, at present environmental goods and services are no longer in ample supply. The environ ment fulfIlls many functions for the economy: it serves as a public-consumption good, as a provider of natural resources, and as receptacle of wastes. These dif ferent functions compete with each other. Releasing more pollutants into the environment reduces environmental quality, and a better environmental quality implies that the environment's use as a receptacle of wastes has to be restrained. Consequently, environmental disruption and environmental use are by nature allocation problems. This is the basic message of this book. If a resources is scarce and if a zero price is charged for its use, then misal location will result. The environment as a receptacle of wastes is heavily over used, and consequently environmental quality declines. Scarcity requires a price. This book analyzes how this price should be set, whether a correct price can be established through the market mechanism, and what role the government should play. The book offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. |
| environmental economics theory and policy: The Economics of International Trade and the Environment Amitrajeet A Batabyal, Hamid Beladi, 2001-02-07 Issues related to environmental protection and trade liberalization have moved to the forefront of international policy agendas. The Economics of International Trade and the Environment explores - from an economic standpoint - many of the questions that are germane in increasing our knowledge of environmental policy in the presence of international |
| environmental economics theory and policy: Game Theory and Policymaking in Natural Resources and the Environment Ariel Dinar, José Albiac, Joaquín Sánchez-Soriano, 2008 This book includes chapters by experts from developing and developed countries that apply game theory to issues in natural resources and the environment, demonstrating the usefulness of game theory in policy-making and appealing to a wide audience. |
| environmental economics theory and policy: Experiments in Environmental Economics Jason F. Shogren, 2018-04-27 This title was first published in 2003.Over the decades, experiential methods have become an established research tool in environmental economics. Economists working in this area have realised that experimental methods from economics and other disciplines such as psychology and decision theory can be applied to gain insight into the behavioral underpinnings of environmental policy. Economic experiments, in the lab and field, are an attractive tool to address the incentive and contextual questions that arise in environmental policy. Experiments have been and continue to be designed to capture the key elements of market and non-market choices to test theory, for pattern recognition, to testbed new institutions, and to value public goods, including environmental protection. This volume collects the most significant papers in the literature that identify the underpinnings of experimental approaches are complemented by works that specifically address the use of experimental economics to identify choice under risk, conflict, cooperation, environmental policy instruments, and environmental valuation |
| environmental economics theory and policy: Policy Instruments for Environmental and Natural Resource Management Thomas Sterner, 2010-09-30 As Thomas Sterner points out, the economic 'toolkit' for dealing with environmental problems has become formidable. It includes taxes, charges, permits, deposit-refund systems, labeling, and other information disclosure mechanisms. Though not all these devices are widely used, empirical application has started within some sectors, and we are beginning to see the first systematic efforts at an advanced policy design that takes due account of market-based incentives. Sterner‘s book encourages more widespread and careful use of economic policy instruments. Intended primarily for application in developing and transitional countries, the book compares the accumulated experiences of the use of economic policy instruments in the U.S. and Europe, as well as in select rich and poor countries in Asia, Africa, and Latin America. Ambitious in scope, the book discusses the design of instruments that can be employed in a wide range of contexts, including transportation, industrial pollution, water pricing, waste, fisheries, forests, and agriculture. Policy Instruments for Environmental and Natural Resource Management is deeply rooted in economics but also informed by perspectives drawn from political, legal, ecological, and psychological research. Sterner notes that, in addition to meeting requirements for efficiency, the selection and design of policy instruments must satisfy criteria involving equity and political acceptability. He is careful to distinguish between the well-designed plans of policymakers and the resulting behavior of society. A copublication of Resources for the Future, the World Bank, and the Swedish International Development Cooperation Agency (Sida). |
| environmental economics theory and policy: Teaching Environmental and Natural Resource Economics John C. Bergstrom, John C. Whitehead, 2023-07-28 Teaching Environmental and Natural Resource Economics is a significant contribution to the literature of economics education. Theory and practice, teaching activities and exercises, and pro teaching tips are clearly and expertly presented. The editors begin by presenting a bit of the historical thought on the study of environmental and natural resource economics. Once the editors establish context, they provide a full exploration of both paradigms and pedagogy. The paradigm section provides models for teaching the variety of courses offered at the university level. The chapters bridge the gap between environmental and natural resource economics textbooks and the classroom, with guidance for how to approach course topics. The pedagogy section is an excellent contribution to the teaching of environmental and natural resource economics, covering both particular topics and teaching methods. University instructors will find this guide to teaching environmental and natural resource economics invaluable in helping students gain a better understanding of the theory and practice of environmental and natural resource economics. |
| environmental economics theory and policy: development and environmental economics , |
| environmental economics theory and policy: Natural Resources and the Environment Mark Kanazawa, 2021-05-18 Natural Resources and the Environment: Economics, Law, Politics, and Institutions provides a new approach to the study of environmental and natural resource economics. It augments current contributions from the fields of public choice, law, and economics, and the burgeoning field of what used to be called the New Institutional Economics, to describe, explain, and interpret how these new developments have been applied to better understand the economics of natural resources and the environment. This textbook takes a multi-disciplinary approach, which is essential for understanding complex environmental problems, and examines the issue from not only an economic perspective, but also taking into account law, politics, and institutions. In doing so, it provides students with a realistic understanding of how environmental policy is created and presents a comprehensive examination of real-world environmental policy. The book provides a comprehensive coverage of key issues, including renewable energy, climate change, agriculture, water resources, land conservation, and fisheries, with each chapter accompanied by learning resources, such as recommended further reading, discussion questions, and exercises. This textbook is essential reading for students and scholars seeking to build an interdisciplinary understanding of natural resources and the environment. |
| environmental economics theory and policy: Environmental and Natural Resources Economics Steven C. Hackett, 2010-12-23 Extensively revised and updated, this popular text presents an accessible yet rigorous treatment of environmental and natural resources economics, including climate change and the economics of sustainability. Completely revised and updated, the fourth edition now includes new figures and tables, definitions to assist the reader, and updated policy information. New advances in the science, economics and policy approaches to climate change have been integrated into essentially all-new chapters on incentive regulation and global climate change. This innovative textbook integrates economics with science and public policy in a balanced and accessible way that will be appreciated by students from disciplines ranging from economics and natural resources management to environmental studies and energy policy. |
| environmental economics theory and policy: Economics of Natural Resources, the Environment and Policies E. Kula, 2012-12-06 The economic activities of humanity, particularly during the last couple of cen turies, have had a profound impact on the natural environment. Fast depletion of the world's forest resources, fish stocks, fossil fuels and mine deposits have raised many moral as well as practical questions concerning present and future generations. Furthermore, a number of global environmental problems such as acid rain, the 'greenhouse effect' and depletion of the ozone layer are causing concern throughout the world. What does economics say about the exploitation of nature's scarce resources? This book, which is a much expanded version of an earlier publication, Economics of Natural Resources and the Environment, aims mostly at final-year undergraduates reading subjects such as economics, business studies, environ mental science, forestry, marine biology, agriculture and development studies. There is also a good deal of material - especially in the chapters on fisheries, forestry, valuation and discounting - that post-graduate students may find useful as stepping-stones. The material presented stems from my lectures to final-year students at the University of Ulster during the last 12 years, and some of my ongoing research work. When I moved to Northern Ireland in 1982 I was given a course called 'Economics of Exhaustible Resources' to teach. This has changed its title and focus a number of times along with the structure of the University. My early reading lists included a number of journal articles and books written on the sub ject. |
| environmental economics theory and policy: Sustainability and the New Economics Stephen J. Williams, Rod Taylor, 2021-12-09 This multidisciplinary book provides new insights and hope for sustainable prosperity given recent developments in economics – but only if swift and strong actions consistent with Earth’s biophysical limits and principles of justice are universally taken. It is one thing to put limits on resource throughput and waste generation to conform with the ecosphere’s biocapacity. It is another thing to efficiently allocate a sustainable rate of resource throughput and ensure it is equitably distributed in the form of final goods and services. While the separate but interdependent decisions regarding throughput, distribution, and allocation are the essence of ecological economics, dealing with them in a world that needs to cure its growth addiction requires a realistic understanding of macroeconomics and the fiscal capacity of currency-issuing central governments. Sustainable prosperity demands that we harness this understanding to carefully regulate the rate of resource throughput and manipulate macroeconomic outcomes to facilitate human flourishing. The book begins by outlining humanity’s current predicament of gross ecological overshoot and laments the half-century of missed opportunities since The Limits to Growth (1972). What was once economic growth has become, in many high-income countries, uneconomic growth (additional costs exceeding additional benefits), which is no longer advancing wellbeing. Meanwhile, low-income nations need a dose of efficient and equitable growth to escape poverty while protecting their environments and the global commons. The book argues for a synthesis of our increasing knowledge of the ecosphere’s limited carrying capacity and the power of governments to harness, transform, and distribute resources for the common good. Central to this synthesis must be a correct understanding of the difference between financial constraints and real resource constraints. While the latter apply to everyone, the former do not apply to currency-issuing central governments, which have much more capacity for corrective action than mainstream thinking perceives. The book joins the growing chorus of authoritative voices calling for a complete overhaul of the dominant economic system. We conclude with policy recommendations based on a new economics that, if implemented, would come close to guaranteeing a sustainable and prosperous future. Upon reading this book, at least one thing should be crystal clear: business as usual is not a viable option. |
| environmental economics theory and policy: Environmental Economics: The Essentials Tom Tietenberg, Lynne Lewis, 2019-08-01 Environmental Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of environmental economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of environmental economics, but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies. This key text highlights what insights can be derived from the actual experience. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice; Introductions to the theory and method of environmental economics including externalities, experimental and behavioral economics, benefit-cost analysis, and methods for valuing the services provided by the environment; Boxed ‘Examples’ and ‘Debates’ throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book, as well as with multiple-choice questions, simulations, references, slides, and an instructor’s manual on the Companion Website. This text is adapted from the best-selling Environmental and Natural Resource Economics, 11th edition, by the same authors. |
| environmental economics theory and policy: Environmental Economics Philip E. Graves, 2007-04-09 Environmental Economics: A Critique of Benefit-Cost Analysis describes, in a non-technical, readily understandable way, why the practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare-enhancing. |
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