Description
This new edition of "Environmental and Natural Resources Economics" provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Readers will appreciate the balanced and accessible coverage, and the integration of economics with science and public policy.
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Hackett (economics, Humboldt State U.) presents the new edition of a textbook introducing environmental and resource economics to an undergraduate audience, as well is issues of sustainability and sustainable development. He begins with theory and fundamentals, covered in chapters discussing value systems and economic systems; the economics of market allocation; externalities, market failures, and policy interventions; and theory and concepts in the economics of natural resource systems. The next five chapters are presented under the heading "policy" and discuss the economics of marine capture fisheries; measurement and analysis of benefits and costs; the political economy of environmental regulation and resource management; monitoring, enforcement, and sanctions for regulatory compliance; creating economic incentives for environmental protection and resource management; and the science, policy, and economics of global climate change. Topics on the economics of sustainability are addressed last, in chapters covering an introduction to the concept of sustainability, recognizing interdependencies and thinking long term, sustainable economic development, issues in sustainable production and consumption, and issues in the economics of sustainable local communities. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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