Environmental Economics: An Elementary Introduction

Rating:
Summary: Propably the best introducory textbook on the market
Review: Of the four textbooks on the subject I've been through, this one scores the best credit. Within ecological economics there are two schools of thought. One is basically environmentalist in the sense that views the causes of environmental degradation, as being the economic system AS SUCH. Herman Daly is propably the most wellknown representant of this school. The other school deals with environmental problems as being a 'problem of getting the prices right'. This book is mostly concerned with the latter approach. Several aspects of this book ranks it above average. These are: 1) Although the book primarily deals with the market-approach, it actually covers all aspects of environmentalism, ranging from standard economics to deep ecology, treating each of the in a sober manner, 2) the book is very goos at pinpointing the problematic aspects of different theories, 3) The conclusions are supported by empirical evidence, presented in a readable and realevant manner 4) it really covers the breadth of the field, leaving you with a great overview of the topics you can specialize in, 5) it avoids some of the most common misunderstandings of the field, e.g. by specificly stating the difference between non-property resources and common property resources. All In all: It is a very recommendable book for those who are about to be introduced to the field of ecological economics.