Resource economics : an economic approach to natural resource and environmental policy

By: Bergstrom, John CContributor(s): Randall, AlanMaterial type: TextTextPublication details: Cheltenham, UK ; Northampton, MA : Edward Elgar, c2010Edition: 3rd EditionDescription: ix, 430 p. : illustrationsISBN: 9781848442535 (hbk.); 184844253X (hbk.); 9781849802482 (pbk.); 1849802483 (pbk.)Subject(s): Nonrenewable natural resources | Environmental policy | EconomicsDDC classification: 333.7
Contents:
Part I. Natural resource and environmental policy and natural resource supply and scarcity -- ch. 1. Economic growth, resource scarcity, and environmental degradation : where have we been and where are we going? -- ch. 2. Ecosystem goods and services : how does a healthy environment support economic production, consumption, and quality of life? -- ch. 3. Resource supply and scarcity : how do we define, measure, and monitor natural resource supply and scarcity? -- ch. 4. Natural resources, the environment, and policy : what is the public policy context for natural resource and environmental economics? -- Part II. Microeconomic theory foundations for production and consumption -- ch. 5. Economic coordination and the price system : how does the market system work? -- ch. 6. Economic efficiency : how does a healthy economy allocate natural resources to economic production and consumption? -- ch. 7. Intertemporal efficiency : how do we efficiently allocate natural resources over time? -- Part III. Economic theory and institutions for public policy -- ch. 8. Criteria for economic policy : how do we tell a good natural resource and environmental policy from a bad one? -- ch. 9. Rules of the game : how do they influence efficiency and equity and how can we get them right? -- ch. 10. Market failure and inefficiency : what could cause an undesirable market allocation of resources? -- ch. 11. Institutional framework : what is the social and legal context for natural resource and environmental decisions and policy? -- Part IV. Measuring and comparing benefits and costs of natural resource and environmental policy and projects -- ch. 12. Benefit-cost analysis : how do we determine if the benefits of a resource policy outweigh the costs? -- ch. 13. Measuring economic value : how do we account for all relevant benefits and costs in natural resource and environmental decisions? -- Part V. Optimal management of non-renewable and renewable resources -- ch. 14. Exhaustible non-renewable resources : what is the optimal use and management of non-renewable resources : what is the optimal use and management of non-renewable resources over time? -- ch. 15. Renewable resources : what is the optimal use and management of renewable resources over time? -- Part VI. The economics of air, land, and water resource use and policy -- ch. 16. The control of polluting emissions : how can we protect the environment and people from air pollution? -- The economics of land : how do land markets work and how do we manage land use? -- ch. 18. the economics of water : how is water valued and allocated? -- Part VII. Environmental ethics, resource conservation and sustainability, and the future -- ch. 19. Understanding sustainability : what can economics tell us about using and manageing resources in a sustainable manner? -- ch. 20. Economic and environmental ethics : what are the ethical implications of the economic approach to conservation and preservation and what can we learn from other ethical approaches? -- ch. 21. Economic science, economic policy, and doing the best we can : how do we find our way forward?
Summary: This book provides a rigorous but very readable introduction to economics theory before delving into the relationship between economic growth and primary natural resource and environmental problems.
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Prev. ed.: Resource economics : an economic approach to natural resource and environmental policy / Alan Randall. 1987.

Included Index.

Part I. Natural resource and environmental policy and natural resource supply and scarcity --
ch. 1. Economic growth, resource scarcity, and environmental degradation : where have we been and where are we going? --
ch. 2. Ecosystem goods and services : how does a healthy environment support economic production, consumption, and quality of life? --
ch. 3. Resource supply and scarcity : how do we define, measure, and monitor natural resource supply and scarcity? --
ch. 4. Natural resources, the environment, and policy : what is the public policy context for natural resource and environmental economics? --
Part II. Microeconomic theory foundations for production and consumption --
ch. 5. Economic coordination and the price system : how does the market system work? --
ch. 6. Economic efficiency : how does a healthy economy allocate natural resources to economic production and consumption? --
ch. 7. Intertemporal efficiency : how do we efficiently allocate natural resources over time? --
Part III. Economic theory and institutions for public policy --
ch. 8. Criteria for economic policy : how do we tell a good natural resource and environmental policy from a bad one? --
ch. 9. Rules of the game : how do they influence efficiency and equity and how can we get them right? --
ch. 10. Market failure and inefficiency : what could cause an undesirable market allocation of resources? --
ch. 11. Institutional framework : what is the social and legal context for natural resource and environmental decisions and policy? --
Part IV. Measuring and comparing benefits and costs of natural resource and environmental policy and projects --
ch. 12. Benefit-cost analysis : how do we determine if the benefits of a resource policy outweigh the costs? --
ch. 13. Measuring economic value : how do we account for all relevant benefits and costs in natural resource and environmental decisions? --
Part V. Optimal management of non-renewable and renewable resources --
ch. 14. Exhaustible non-renewable resources : what is the optimal use and management of non-renewable resources : what is the optimal use and management of non-renewable resources over time? --
ch. 15. Renewable resources : what is the optimal use and management of renewable resources over time? --
Part VI. The economics of air, land, and water resource use and policy --
ch. 16. The control of polluting emissions : how can we protect the environment and people from air pollution? --
The economics of land : how do land markets work and how do we manage land use? --
ch. 18. the economics of water : how is water valued and allocated? --
Part VII. Environmental ethics, resource conservation and sustainability, and the future --
ch. 19. Understanding sustainability : what can economics tell us about using and manageing resources in a sustainable manner? --
ch. 20. Economic and environmental ethics : what are the ethical implications of the economic approach to conservation and preservation and what can we learn from other ethical approaches? --
ch. 21. Economic science, economic policy, and doing the best we can : how do we find our way forward?

This book provides a rigorous but very readable introduction to economics theory before delving into the relationship between economic growth and primary natural resource and environmental problems.

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