The Economic Approach to Environmental Policy draws together a selection of Myrick Freeman's most influential papers on key analytical and policy issues in the field of environmental economics. The papers collected in this significant volume cover a wide range of topics pertinent to the study of environmental economics including: * the effects of environmental and resource policies on the distribution of income * the incorporation of distribution effects into environmental policy analysis * the role of economic incentives in environmental policy * the economic valuation of environment changes * the consideration of risk and uncertainty in economic valuation and policy making This outstanding collection also includes several papers that communicate, in a non-technical way, the ethical basis of environmental economics and the economic approach to environmental policy. It will be of great interest to academics and policymakers concerned with working in the area of environmental economics.