Natural Resource Economics brings together in one accessible volume
an outstanding selection of Allen V. Kneese's papers, published
over the past 26 years, and ranging widely over natural resource
economics including basic theory, empirical issues and policy
analysis.Beginning with a broad overview of the field of natural
resource economics, the first part includes papers dealing with
ethics and environmental economics, efforts to develop a
sustainable economy and optimal organization arrangements for
environmental management. The second part explores the history of
benefit-cost analysis and Dr Kneese's work on water allocation in
arid areas, including the trading of water rights and water
pricing. The final part focuses on environmental economics and
policy, including the classic essay 'Production, Consumption and
Externalities'. Dr Kneese accompanies these papers with an
authoritative introduction in which he briefly discusses his career
and his role in the development of the now thriving field of
environmental economics.
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