Resource Economics: An Economic Approach to Natural Resource and Environmental Policy - Softcover

Bergstrom, John C.; Randall, Alan

Softcover

ISBN 10: 1849802483 ISBN 13: 9781849802482

Publisher: Edward Elgar Publishing Ltd, 2010

Synopsis

Surpassing other natural resource and environmental economics texts available today, this completely updated version of Alan Randall's classic Resource Economics provides strong connections between environmental problems, economic theory and the techniques used to evaluate alternative solutions and practical public policy options for sustaining environmental longevity. This book provides a rigorous but very readable introduction to economics theory before delving into the relationship between economic growth and the primary natural resource and environmental problems associated with this growth, namely scarcity and environmental degradation. The text offers both classic and new economic solutions to the vexing contemporary natural resource and environmental problems that nations worldwide are combating. This thoroughly revised edition of Resource Economics analyzes ecosystem goods and services used in economic production and consumption and how human activity can degrade these goods and services. Further, the book offers concrete suggestions regarding what to do when markets fail to meet efficiency and/or equity goals when allocating natural resources and environmental services. Each chapter concludes with questions for discussion and a suggested readings section including lists of classic and contemporary material related to the chapter's topics, which instructors will find especially helpful. This text will reach a whole new generation of readers by virtue of its updated material, examples and emphasis on an integrated approach to resource and environmental policy linking economics, ecology and ethics. Though accessible to all, this book is ideally suited to students of natural resource and environmental economics, ecological economics, agricultural economics, general economics and their instructors. Additionally, natural resource, ecosystem and environmental researchers, managers and policymakers will find the analyses here of significant interest.

About this title

Product Description

Rare Book

Review

'I joined this amazing journey about 30 years ago. I benefited from all the theories, principles, and approaches offered in this book to explore the natural resource and environmental issues on the other side of the world. It makes me an enthusiastic and pragmatic teacher and researcher. In addition to rearranging and rewriting certain chapters, the fourth edition comprises new chapters on climate change which reflect our future challenges. Such knowledge deserves continuously passing to our future generations and equipping more students as an effective doer in resolving complex natural resources issues.' --- Pei-Ing Wu, National Taiwan University, Taiwan

'Bergstrom and Randall have produced another outstanding text covering the full range of issues in environmental and resource economics. Each revision of the book has successfully maintained the strengths of the previous (solid founding in economic theory, clear explanations of core concepts, and a focus on interesting policy) while updating the content to reflect changes and advances in the field. This text will be highly valuable in educating the next generation of students in fundamentals of resource economics.' --- Catherine Kling, Professor, Iowa State University, US

'Resource Economics by Bergstrom and Randall is no ordinary read. It has all the standard features of textbooks such as plenty of graphs and a style of writing that is easy to follow and highly comprehensible. But it stands out by its comprehensive and in-depth coverage of a wide variety of topics and its firm grounding of their treatment in a general economic analytical approach. Both features make this an outstanding introduction to both resource and environmental economics broadly conceived.' --- Eric Neumayer, London School of Economics & Political Science, UK

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2010
• ISBN 10: 1849802483
• ISBN 13: 9781849802482
• Binding: Paperback
• Language: English
• Edition number: 3
• Number of pages: 496