Economic Values and the Natural World (MIT Press)
Books / Paperback
Books › Business & Economics › Economics › General
ISBN: 0262660849 / Publisher: MIT Press, August 1993
this book addresses one of the single most important issues for economists dealing with environmental problems: how to place economic value on aspects of the natural world
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In this book, David Pearce addresses one of the single most important issues for economists dealing with environmental problems: how to place economic value on aspects of the natural world.Pearce provides a clear account of the context of and reasons for economic valuation and surveys the economic approaches to placing monetary values on people's preferences for environmental quality. He shows how the different methods have been applied in practice - with numerous detailed case studies and analyses -and explains how the results provide an economic rationale for conserving the environment, whether it is the world's biological diversity or the global atmosphere.
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