LYCOS RETRIEVER 
Environmental Economics
built 656 days ago
Environmental Economics is the study and application of economic principles to understand and aid in the solving of environmental issues. As a social science, economics studies how society manages its limited resources. More deeply: what is produced, how it is produced, and who gets it. Economists use theory along with models to predict or explain why certain things occur. Economics can be used for policy analysis (for example environmental policy), which helps determine the affects of policies on workers, citizens, and society as a whole. Although economics can help analyze the efficiency of policies, a main principle of economics is laissez faire, which is not always best in terms of environmental problems. In instances of market failure the market is not efficient and a prime examples are environmental problems.
Source:
Natural Resource and Environmental Economics is among the leading textbooks in its field. Well written and rigorous in its approach, this third edition follows in the vein of previous editions and continues to provide a comprehensive and clear account of the application of economic analysis to environmental issues. This new edition has evolved with the times and been thoroughly updated to reflect recent developments in environmental issues and policies, such as forestry, biodiversity and pollution control. The early chapters explain the development and role of environmental economics before further chapters advance the student at a suitably challenging but achievable level.
Source:
Environmental Economics: Theory, Application, and Policy's strong policy-oriented approach to environmental economics draws in current research and case studies to illustrate topics on the cutting edge of worldwide policy debates. The author introduces students to subjects such as biodiversity, climate change, air pollution, and forestry by presenting the actual data and methods used by experts in these fields. In addition, considerable material on emerging areas such as macroeconomics and trade, agriculture, ecological economics, and sustainability gives students a full understanding of the environmental economics field. The book's focus on basic economic concepts in the introductory chapters prepares students to understand these issues. Chapman does not discuss economics in the abstract: examples, historical contexts, and case studies are used to illustrate key points. And throughout the book, there is a heavy emphasis on social issues and ethics.
Source:
Environmental Economics got its start with the political economists Robert Malthus. Malthus is known for his study and predictions of population growth. In terms of environmental economics, Malthus is important to the discussion of Earth’s limited carrying capacity and whether resources are used in a sustainable fashion. Today, environmental issues are frequently discussed in terms of market failure.
Source:
"Environmental Economics" should not be confused with "Ecological Economics." The two fields are related, but are in some ways very different. Most environmental economists have been trained as economists. They apply the tools of economics to address environmental problems, many of which are related to so-called market failures--circumstances wherein the "invisible hand" of economics is unreliable. Most ecological economists have been trained as ecologists, but have expanded the scope of their work to consider the impacts of humans and their economic activity on ecological systems and services, and vice-versa. This field takes as its premise that economics is a strict subfield of ecology.
Source:
The field of Resource and Environmental Economics is designed to train students in the economics of resource allocation and environmental policy. Topics include: dynamic resource allocation, application to renewable and nonrenewable resources, market failure, pollution control policies, and non-market valuation.
Source:
MORE ABOUT
Environmental Economics