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

This thoroughly revised edition of Resource Economics analyzes ecosystem goods and services used in economic production and consumption, and examines 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, and general economics and their instructors. Additionally, natural resource, ecosystem and environmental researchers, managers, and policy-makers will find the analyses here of significant interest.