Environmental Economics: An Introduction (7th Edition)

Description:

Balance the scales between economic growth and ecological preservation. The 7th Edition of Environmental Economics provides a clear, highly accessible introduction to how economic principles can be applied to environmental issues. It moves beyond “gloom and doom” to provide practical, market-based solutions for pollution, resource depletion, and climate change, making complex concepts like “externalities” and “carbon taxes” easy to understand.

Why the 7th Edition is a Student Essential:

• Foundation First: Explains the fundamental economic concepts—like supply, demand, and market failure—before applying them to environmental policy.

• Global Policy Analysis: Reviews real-world environmental policies from around the globe, including command-and-control vs. incentive-based strategies.

• Modern Challenges: Features updated data on global climate change, international environmental agreements, and the economics of developing nations.

• Sustainability Focused: Explores the economic definition of sustainability and how we can measure the true “green” value of a nation’s wealth.

Key Topics Covered:

• The Economy and the Environment: The link between resource extraction, production, and waste.

• Externalities: Why markets fail to protect the environment and how to fix them.

• Valuation: Techniques for putting a price on “non-market” goods like clean air and biodiversity.

• Policy Instruments: Comparing Carbon Taxes, Cap-and-Trade systems, and Subsidies.

• International Issues: Analyzing the economics of the Paris Agreement and transboundary pollution.

Key Specifications:

• ISBN-13: 9781259255403

• Authors: Barry C. Field and Martha K. Field

• Publisher: McGraw-Hill Education

• Edition: 7th Edition

• Format: Physical Paperback