This innovative, cutting-edge text takes a hands-on, applied approach to the origins of environmental problems, their economic consequences, and the policies that address them. The text presents environmental economic theory and methods in the first five chapters and then applies and reinforces them with illustrations and applications in the subsequent chapters. No other text provides a stronger link between theory and applications.
Introduction. Economic Efficiency and Markets: How the Invisible Hand Works. Government Intervention in Market Failure. Valuing the Environment for Environmental Decision Making. The Macroeconomics of the Environment. Global Environmental Changes: Ozone Depletion and Global Warming. Acid Deposition. Energy and the Environment. Material Policy: Minerals, Materials, and Solid Waste. Fisheries. Temperate Forests. Tropical Forests. Biodiversity and Habitat Preservation. Water Resources. Toxins and the Ecosystem. Agriculture and the Environment. The Environment and Economic Growth in Third World Countries. Prospects for the Future. APPENDIX: THE INTERNET: WHAT IS IT, HOW TO USE IT, WHATS ON IT.