An understanding of economics is vital to any understanding of why environmental problems occur and what best to do about them. This book provides an introduction to the subject of environmental economics without assuming any in-depth prior knowledge of economics. Part one explains the fundamental economic concepts. Part two uses these concepts in understanding and developing policy responses to some of the major environmental issues of our time. Examples are drawn from all over the world and include such vital issues as climate change, water pollution, and loss of biodiversity. This second edition is a complete re-write and updating of the first edition. An Introduction to Environmental Economics examines both a wide range of environmental case studies and also assesses a variety of economic theories and their approach to environmental issues. Clearly written, global in approach, and theoretically broad-minded, this text is an ideal introduction both to the study of environmental economics and to the question of how economics can provide tools for improving our environment.
Online Resource Centre For students: Links to news stories and organizations For lecturers: Solutions to exercises in the text Graphs from the book
Nick Hanley is Professor of Environmental Economics at the University of Stirling. Jason Shogren is Stroock Distinguished Professor of Natural Resource Conservation and Management at the University of Wyoming. Ben White is a Professor in the School of Agriculture and Resource Economics at the University of Western Australia.