Environmental Economics

This textbook offers insights into adapting economic theory for sustainability. Environmental Economics is a vital resource for students in related fields.

This textbook delves into how economic theory and its applications can be adapted to promote sustainability. It serves as an essential resource for upper-level undergraduate and postgraduate students focusing on environmental economics, ecological economics, and environmental policy. The content is designed to challenge traditional economic perspectives, emphasizing the need to integrate environmental considerations into economic decision-making.

Environmental Economics examines the modifications necessary for economic theory to explicitly address sustainability and the crucial role of environmental capital. The book is structured around the first and second laws of thermodynamics and principles of ecological resilience, providing a comprehensive framework for understanding the interplay between the economy and the environment.

Divided into five key sections, the book covers a wide range of topics, including consumer demand, production, market organization, and resource management. It also explores critical issues like environmental valuation, macroeconomic stabilization, and the impacts of globalization. With case studies from various sectors such as forestry, water, and air quality, Environmental Economics equips readers with the analytical skills needed to navigate complex environmental and economic policy challenges, making it an invaluable tool for students and practitioners alike.