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Cover image of Economics of Natural Resources and the Environment
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Economics of Natural Resources and the Environment

David W. Pearce and R. Kerry Turner

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Economics of Natural Resources and the Environment brings together the approaches of natural resource economics and environmental economics to provide a comprhensive overview of the economics of national international and global environmental problems. A unifying theme throuhhout the book is the concept of "sustainable development" defined as "maximizing the net benefits of economic development while maintaining the services and quality of natural resources over time."

The authors emphasize the continuing importance of a mainstream approach. They stress "economic efficiency—getting the most\u2026

Economics of Natural Resources and the Environment brings together the approaches of natural resource economics and environmental economics to provide a comprhensive overview of the economics of national international and global environmental problems. A unifying theme throuhhout the book is the concept of "sustainable development" defined as "maximizing the net benefits of economic development while maintaining the services and quality of natural resources over time."

The authors emphasize the continuing importance of a mainstream approach. They stress "economic efficiency—getting the most welfare out of a given endowment of resources." And they address the larger moral issues as well. Chapter topics include the historical development of environmental economics, environmental ethics, and pollution control policy in "free" mixed market and centrally planned economies. Other current issues seen from an economic perspective include destruction of the ozone layer, the greenhouse effect, policy weapons in the fight against pollution, and the special problems of the third world.

Economics of Natural Resources and the Environment offers a thorough review and synthesis of the major work of the field's senior scholars. It will be of value not only to students of natural resource economics, environmental economics, geography, and environmental sciences but also to all with an interest in economic appraoches to environmental issues.

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Reviews

Covers most of the 'main stream' of environmental and resource economics but with greater emphasis on the theme of sustainable economic development and on alternative normative and analytical perspectives that most texts in this field offer... (In fact, I will be using it in my course this year.).

About

Book Details

Publication Date
Status
Available
Trim Size
6
x
9
Pages
392
ISBN
9780801839870
Table of Contents

preface and Acknowledgements
Part I. Economy and Environment
Chapter 1. The Historical Development of Environmental Economics
Chapter 2. The Circular Economy
Chapter 3. The Sustainable Economy
Part II. The

preface and Acknowledgements
Part I. Economy and Environment
Chapter 1. The Historical Development of Environmental Economics
Chapter 2. The Circular Economy
Chapter 3. The Sustainable Economy
Part II. The Economics of Pollution
Chapter 4. The Optimal Level of Pollution
Chapter 5. The Market Achievement of Optimal Pollution
Chapter 6. Taxation and Optimal Pollution
Chapter 7. Environmental Standards, Taxes and Subsidies
Chapter 8. Marketable Pollution Permits
Chapter 9. Measuring Environmental Damage I: Total Economic Value
Chapter 10. Measuring Environmental Damage II: Valuation Methodologies
Chapter 11. Pollution-Control Policy in Mixed Economies
Chapter 12. Pollution-Control in Centrally-Planned Economies
Chapter 13. Global Pollution Policy
Part III. Ethics and Future Generations
Chapter 14. Discounting the Future
Chapter 15. Environmental Ethics
Part IV. The Economics of Natural Resources
Chapter 16. Renewable Resources
Chapter 17. The Extinction of Species
Chapter 18. Exhaustible Resources
Chapter 19. Measuring and Mitigating Natural Resource Scarcity
Part V. Development and Environment
Chapter 20. Development, Preservation and Conservation
Chapter 21. A Case Study of Wetlands
Chapter 22. Envrionment and the Developing Countries
References and Further Reading
Index

Author Bios
Featured Contributor

David W. Pearce

David W. Pearce is director of CSERGE, the Centre for Social and Economic Research on the Global Environment, and professor at University of College London. He is the coauthor of Economics of Natural Resources.
Featured Contributor

R. Kerry Turner

Kerry Turner is a director of CSERGE, the Centre for Social and Economic Research on the Global Environment, and professor at the University of Each Anglia. She is the coauthor of Economics of Natural Resources.