Description
Demonstrating the contribution of economics to environmental policy, Mark Sagoff argues that economics is helpful in designing institutions and processes through which people can settle environmental disputes. However, Sagoff also reveals that economic analysis fails completely when it attempts to attach value to environmental goods. He concludes that environmental policy responds to principles best identified and applied through political processes in this work geared to environmentalists as well as philosophers.
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Sagoff has written a provocative book about the contribution economics can make to environmental policy. He argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, economic analysis fails completely when it attempts to attach value to environmental goods. His conclusion is that environmental policy turns on principles that are best identified and applied through political processes.Written with verve and fluency this book will be eagerly sought out by students and professionals in environmental policy and informed general readers.
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