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'I joined this amazing journey about 30 years ago. I benefited from
all the theories, principles, and approaches offered in this book
to explore the natural resource and environmental issues on the
other side of the world. It makes me an enthusiastic and pragmatic
teacher and researcher. In addition to rearranging and rewriting
certain chapters, the fourth edition comprises new chapters on
climate change which reflect our future challenges. Such knowledge
deserves continuously passing to our future generations and
equipping more students as an effective doer in resolving complex
natural resources issues.' - Pei-Ing Wu, National Taiwan
University, TaiwanResource 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. More comprehensive than its competitors,
this new edition frames issues and policies from resource scarcity
and basic ecology to welfare criteria, property rights, and
environmental ethics. Necessary economic, policy, and management
concepts and tools are provided, along with applications to a
variety of real-world problems. Also included are substantial
treatments of new energy technologies, including fracking for oil
and natural gas, solar and wind energy, and chapter length analyses
of air quality, land markets and use, water resources, climate
change, and sustainability. Primarily a textbook, this teaching
tool is perfect for undergraduate and graduate students alike who
are studying natural resource and environmental economics, as well
as sustainability. Additionally, natural resource, environmental
policy, and management decision-makers in the private and public
sectors will find the content of this book useful for guiding
real-world management and policy decisions. Academic, government,
and NGO researchers will also find this to be a valuable resource.
'I joined this amazing journey about 30 years ago. I benefited from
all the theories, principles, and approaches offered in this book
to explore the natural resource and environmental issues on the
other side of the world. It makes me an enthusiastic and pragmatic
teacher and researcher. In addition to rearranging and rewriting
certain chapters, the fourth edition comprises new chapters on
climate change which reflect our future challenges. Such knowledge
deserves continuously passing to our future generations and
equipping more students as an effective doer in resolving complex
natural resources issues.' - Pei-Ing Wu, National Taiwan
University, TaiwanResource 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. More comprehensive than its competitors,
this new edition frames issues and policies from resource scarcity
and basic ecology to welfare criteria, property rights, and
environmental ethics. Necessary economic, policy, and management
concepts and tools are provided, along with applications to a
variety of real-world problems. Also included are substantial
treatments of new energy technologies, including fracking for oil
and natural gas, solar and wind energy, and chapter length analyses
of air quality, land markets and use, water resources, climate
change, and sustainability. Primarily a textbook, this teaching
tool is perfect for undergraduate and graduate students alike who
are studying natural resource and environmental economics, as well
as sustainability. Additionally, natural resource, environmental
policy, and management decision-makers in the private and public
sectors will find the content of this book useful for guiding
real-world management and policy decisions. Academic, government,
and NGO researchers will also find this to be a valuable resource.
Making the Environment Count brings together, in one accessible
volume, an outstanding selection of Alan Randall's essays published
over the past 30 years. It explores ideas on making the environment
count from a conceptual perspective and addresses a range of topics
pertinent to the study of environmental economics including: the
limits of markets in reflecting environmental quality, and the
implications of this for policy and institutional design
cost-benefit analysis, with emphasis on its welfare-theoretic
foundations, and its ability to reflect the public's demand for
environmental quality conservation, biodiversity and sustainability
developments in methodology the ethical foundations of public
policy conceptual foundations of empirical methods of valuing the
environment By improving access to Alan Randall's many important
contributions, this volume makes a significant addition to the
literature and will be welcomed by environmental economists.
The precautionary principle has been labeled simplistic and the
rational approach to decision-making under risk was modeled on
well-specified games of chance. How then are we to manage the
risks, uncertainties, and 'unknown unknowns' of the real world? In
this book, Alan Randall unravels the key controversies surrounding
the precautionary principle and develops a new framework that can
be taken seriously in policy and management circles. Respecting the
complexity of the real world, he defines a justifiable role for the
precautionary principle in a risk management framework that
integrates precaution with elements of the standard risk management
model. This is explained using examples from medicine, pharmacy,
synthetic chemicals, nanotechnology, the environment and natural
resources conservation. This carefully reasoned but highly
accessible book will appeal to readers from a broad range of
disciplines, including environmental policy, risk management and
cost-benefit analysis.
The precautionary principle has been labeled simplistic and the
rational approach to decision-making under risk was modeled on
well-specified games of chance. How then are we to manage the
risks, uncertainties, and 'unknown unknowns' of the real world? In
this book, Alan Randall unravels the key controversies surrounding
the precautionary principle and develops a new framework that can
be taken seriously in policy and management circles. Respecting the
complexity of the real world, he defines a justifiable role for the
precautionary principle in a risk management framework that
integrates precaution with elements of the standard risk management
model. This is explained using examples from medicine, pharmacy,
synthetic chemicals, nanotechnology, the environment and natural
resources conservation. This carefully reasoned but highly
accessible book will appeal to readers from a broad range of
disciplines, including environmental policy, risk management and
cost-benefit analysis.
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