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This important new book is an extensive, yet concise overview which critically surveys the application of economic valuation techniques to environmental problems in less developed countries. The authors argue that economic valuation has just as important a role to play in the developing as in the developed world in valuing environmental resources and change. Additionally, the information which such techniques provide is invaluable when helping to devise sound environmental policies. The book demonstrates that economic valuation is of extreme importance in raising the profile of the environmental aspects of development initiatives and policies, and that the application of economic valuation is both widespread and successful in developing countries. This book will be essential reading for professional environmental economists, particularly those working in the developing world, project appraisal analysts, policymakers in development organizations and graduate students of development and environmental economics.
First published in 1978, The Valuation of Social Cost is concerned both with the idea, and with the practical problems, of placing monetary values on 'intangible', non-marketed goods, such as pollution, noise nuisance, personal injury, or the loss of home, neighbours or recreational benefit. A diverse range of contributors critically assess both the theoretical issues and the practical attempts made by economists and others to 'monetise' items which cannot be bought or sold. Each section contains a comprehensive literature review and a detailed critical appraisal. Despite being written in the late 70s, this book discusses issues which retain significant importance today.
The environmental impacts of acid rain: on human health, on buildings and materials, on forests, freshwaters, crops and biodiversity and on global warming have been well-documented. Less is known about the extent and economic costs of these impacts. This book describes the first major implementation of an integrated scientific and economic assessment of the consequences of acid rain. It provides an extensive data review and examines how this unique approach to assessment modelling can be can be used to calculate an acidification cost per unit of pollutant in monetary terms. Part One focuses on the methodological issues of scientific measurement of acidification, dose-response relationships and economic approaches to acidification control. Part Two looks at the environmental impacts and economic consequences of acidification. Affected environmental media and human health are investigated in separate chapters, each including both scientific and economic analyses. Part Three provides a summary of the findings and makes recommendations for further application of these types of results to policy actions.
This path-breaking book focuses on the theory and practice of economic development as viewed from the perspective of sustainability, and the implications of sustainability for development policy. It demonstrates how various indicators can be developed and used to determine whether or not an economy is on a sustainable path of development. The book is concerned with measuring sustainability in a macroeconomic context so that decision makers are more aware of the real trends in the economy and the way in which their policies may affect these trends. The discussion on such measurement includes: the physical indicators of sustainability, resource and environmental accounting, savings and the empirical measurement of sustainable development, international trade and unsustainable development, ecological indicators, income distribution and social needs, and the assessment of structural adjustment policies and their implications for sustainable development. The authors conclude that the first step towards sustainable development is for a greater awareness of the effects of development on the environment, and the environment on human well-being. Measuring Sustainable Development will be particularly welcomed by policymakers and practitioners as well as researchers, academics and students of development economics and environmental economics.
Evidence has come to light regarding the impact of benzene emissions from road transport, the incidence of asthmatic attacks and the possible toll of particulate matter from diesel engines on human health. This book examines the issues and argues that, without a fundamental change in policy, it is inevitable that the transport sector will continue to impose increasing costs on the natural environment, human health and the economy. It also quantifies the external costs of road transport and suggests new measures, such as road pricing and financial incentives, to pave the way to a sustainable transport system.
First published in 1978, The Valuation of Social Cost is concerned both with the idea, and with the practical problems, of placing monetary values on 'intangible', non-marketed goods, such as pollution, noise nuisance, personal injury, or the loss of home, neighbours or recreational benefit. A diverse range of contributors critically assess both the theoretical issues and the practical attempts made by economists and others to 'monetise' items which cannot be bought or sold. Each section contains a comprehensive literature review and a detailed critical appraisal. Despite being written in the late 70s, this book discusses issues which retain significant importance today.
This major book makes a significant contribution to the development of economic principles and practice for natural resource management in Third World countries.The 1980s witnessed the second environmental revolution: its theme is 'sustainable development'. This book offers a definition of sustainable development in terms of the non-depletion of natural environments. It investigates the economic implications of sustainability, with special reference to the practice of cost-benefit analysis and problems of accounting for the interests of future generations. The major part of the book is devoted to an analysis of environmental problems in the developing world. The essential ingredients of policy measures aimed at sustainable development are discussed.
The environmental impacts of acid rain: on human health, on buildings and materials, on forests, freshwaters, crops and biodiversity and on global warming have been well-documented. Less is known about the extent and economic costs of these impacts. This book describes the first major implementation of an integrated scientific and economic assessment of the consequences of acid rain. It provides an extensive data review and examines how this unique approach to assessment modelling can be can be used to calculate an acidification cost per unit of pollutant in monetary terms. Part One focuses on the methodological issues of scientific measurement of acidification, dose-response relationships and economic approaches to acidification control. Part Two looks at the environmental impacts and economic consequences of acidification. Affected environmental media and human health are investigated in separate chapters, each including both scientific and economic analyses. Part Three provides a summary of the findings and makes recommendations for further application of these types of results to policy actions.
Published in 1977, this is a detailed account of the results of controversial methods as they were applied in a major company, when twenty-one managers came together for eight months to grapple with important problems for the purpose of learning some of the skills required for senior management. From their very different points of view, the course organisers, GEC's own personnel specialists, and the managers involved, describe their experiences and discuss with unusual candour the effects on themselves as individuals and on their organisations. There is no attempt to gloss over the difficulties and the disappointments. This is a book that will be read with attention and profit not just by personnel and management development specialists but by all managers seeking ways to improve business performance.
Published in 1977, this is a detailed account of the results of controversial methods as they were applied in a major company, when twenty-one managers came together for eight months to grapple with important problems for the purpose of learning some of the skills required for senior management. From their very different points of view, the course organisers, GEC's own personnel specialists, and the managers involved, describe their experiences and discuss with unusual candour the effects on themselves as individuals and on their organisations. There is no attempt to gloss over the difficulties and the disappointments. This is a book that will be read with attention and profit not just by personnel and management development specialists but by all managers seeking ways to improve business performance.
Models of sustainable development are increasingly used to address large scale environmental problems ensuring that responses to present day needs do not compromise the prospects of future generations.In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long-term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making. Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.
Evidence has come to light regarding the impact of benzene emissions from road transport, the incidence of asthmatic attacks and the possible toll of particulate matter from diesel engines on human health. This book examines the issues and argues that, without a fundamental change in policy, it is inevitable that the transport sector will continue to impose increasing costs on the natural environment, human health and the economy. It also quantifies the external costs of road transport and suggests new measures, such as road pricing and financial incentives, to pave the way to a sustainable transport system.
Following 'Blueprint for a Green Economy' (the Pearce Report), David Pearce and his team have turned their attention to global environmental threats. If it makes sense to apply economic analysis to national environmental problems, then it makes even more sense to apply it to world-wide dangers. The authors start by describing the reasons for using economic approaches to common resources like climate, ozone and biodiversity. They then take a detailed look at the economic ways of tackling the issues involved in global warming, ozone layer depletion, environmental degradation in the Third World, population, rain forests, aid, equity, international environmental co-operation and what might amount to green foreign policies. They show not only how to take all these things into account in economic theory, but also the economic price of failing to do so. Blueprint 2 is an agenda for international and governmental economic action.
Blueprint 3 is the direct sequel to the ground-breaking Blueprint for a Green Economy. Taking the argument much further, David Pearce and his colleagues show how progress towards sustainability in the UK can be measured. They set out the conditions for sustainable development and the measures of economic progress these imply, before looking in detail at all the main areas of economic activity to which the measures are applicable. The result is a wide-ranging and cogent critique of existing policies which also offers new options - options which will require far-reaching reform of this country's existing political and institutional structure. Blueprint 3 will be a touchstone for future discussions of all the major policy areas.
Blueprint 3 is the direct sequel to the ground-breaking Blueprint for a Green Economy. Taking the argument much further, David Pearce and his colleagues show how progress towards sustainability in the UK can be measured. They set out the conditions for sustainable development and the measures of economic progress these imply, before looking in detail at all the main areas of economic activity to which the measures are applicable. The result is a wide-ranging and cogent critique of existing policies which also offers new options - options which will require far-reaching reform of this country's existing political and institutional structure. Blueprint 3 will be a touchstone for future discussions of all the major policy areas.
This report has been prepared by the London Environmental Economics Centre (LEEC). LEEC is a joint venture, established in 1988, by the International Institute for Environment and Development (IIED) and the department of Economics of University College London (UCL). Popularly known as The Pearce Report, this book is a report prepared for the Department of the Environment. It demonstrates the ways in which elements in our environment at present under threat from many forms of pollution can be costed. The book goes on to show ways in which governments are able, as a consequence of this analysis, to construct systems of taxation which would both reduce pollution by making it too costly and generate revenue for cleaning up much of the damage. The book ends with a series of skeleton programmes for progress.
Biodiversity loss is one of the major resource problems facing the world, and the policy options available are restricted by inappropriate economic tools which fail to capture the value of species and their variety. This study describes in non-technical terms how cost-benefit analysis techniques can be applied to species and species loss, and how they provide a measure of the efficiency of conservation measures. Only when conservation can be shown to pass such a basic economic test, the authors claim, will it be incorporated into policies.;David Pearce has also written Blueprint for a Green Economy.
Following 'Blueprint for a Green Economy' (the Pearce Report), David Pearce and his team have turned their attention to global environmental threats. If it makes sense to apply economic analysis to national environmental problems, then it makes even more sense to apply it to world-wide dangers. The authors start by describing the reasons for using economic approaches to common resources like climate, ozone and biodiversity. They then take a detailed look at the economic ways of tackling the issues involved in global warming, ozone layer depletion, environmental degradation in the Third World, population, rain forests, aid, equity, international environmental co-operation and what might amount to green foreign policies. They show not only how to take all these things into account in economic theory, but also the economic price of failing to do so. Blueprint 2 is an agenda for international and governmental economic action.
How are the economic values of water and water quality accounted for in policy and project appraisal? This important book gives an overview of the state-of-the-art in Cost-Benefit Analysis (CBA) in water resources management throughout Europe and North America, along with an examination of current applications. The distinguished authors highlight problems and challenges encountered in the use of CBA in 15 country-specific case studies. Based on these case studies, the value and limits of CBA in water resources management are assessed and special attention is paid to the institutional and policy context in which CBA is carried out. Cost-Benefit Analysis and Water Resources Management is written for both academics and policymakers interested in the use and usefulness of CBA in water resources management.
Ten years ago Blueprint for a Green Economy changed the face of economic and environmental policy. It made front page news and introduced the public as well as the professionals to the central role that the environment should play in economic and public policy decisions.Ten years on, David Pearce and Edward Barbier have written the sequel to show what has been achieved, how to consolidate that and what remains to be done. In the clear language which made the earlier book so accessible and influential, they examine the efforts to define and implement the concept of sustainable economic development, its relationship to the use of 'natural' capital and human welfare, and its influence on recent environmental policy debates. They show how far environmental concerns have been integrated into everyday economic decision making--through the valuation of environmental goods and services, cost-benefit techniques, indicators for sustainable development, and the use of market-based instruments for environmental policy making around the world.Yet large, new challenges exist. Global environmental issues such as climate change, biodiversity loss and trade-environment linkages require greater cooperation towards new international agreements, institutions and distributive measures. The complex problems facing many poor economies such as deforestation, land degradation, overpopulation and resource exhaustion will demand the increasing use of environmental economics in development policy making. In all these areas, the authors demonstrate how sustainability can be brought from the periphery to the center of economic management.The book provides a blueprint for the start of a century in which our ultimatedependence on the environment will have to be at the heart of the business and policy decisions we take if we are to achieve genuinely sustainable development for economies all around the globe.
Biodiversity loss is one of the major resource problems facing the world, and the policy options available are restricted by inappropriate economic tools which fail to capture the value of species and their variety. This study describes in non-technical terms how cost-benefit analysis techniques can be applied to species and species loss, and how they provide a measure of the efficiency of conservation measures. Only when conservation can be shown to pass such a basic economic test, the authors claim, will it be incorporated into policies.;David Pearce has also written Blueprint for a Green Economy.
This fascinating book continues the story begun in the bestselling and critically acclaimed book The Mind in the Cave. Drawing on the latest research and recent discoveries, the authors skilfully link material on human consciousness, imagery and belief systems to propose provocative new theories about the causes of an ancient revolution in cosmology, the origins of social complexity and even the drive behind the domestication of plants and animals. In doing so they create a fascinating neurological bridge to the mysterious thought-lives of the past and reveal the essence of a momentous period in human history. |
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