For the past 25 years, governmental decision-makers have employed
the economic approach of benefit-cost analysis for resource
allocation decisions. Environmental Economics describes, in a
non-technical, readily understandable way, why the actual 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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