The Economics of Environmental Degradation: Tragedy for the Commons?

The Economics of Environmental Degradation provides an institutional economics approach to analyse the underlying causes of continuing environmental degradation: poverty, population, poor policies and trade.

After a critical, up-to-date survey of the most recent literature, the authors consider whether there is some common or deeper explanation of environmental degradation. They conclude that a problem results whenever human exploitation of the environment outruns the capacity of human insti...