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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