Environmental Economics

Concepts, Methods and Policies

By: Dodo J. Thampapillai, Matthias Ruth

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Paperback | 28 May 2019

At a Glance

Paperback
342 Pages

Dimensions(cm)
23.3 x 15.5 x 2.4

New Edition

Published: 27th November 2024

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Environmental Economics explores the ways in which economic theory and its applications, as practised and taught today, can be modified to explicitly accommodate the goal of sustainability and the vital role played by environmental capital.

Pivoting around the first and second laws of thermodynamics, as well as the principles of ecological resilience, this book is divided into six key parts, which includes extensive coverage of environmental macro- and microeconomics. Thampapillai and Ruth drill down into issues and challenges including consumer demand; market organisation; renewable and non-renewable resources; environmental valuation; and international trade and globalisation. Drawing on case-studies from forestry, water, soil, air quality and mining, this book will equip readers with skills that enable the analyses of environmental and economic policy issues with a specific focus on the sustainability of the economy.

Updated and revised throughout and rich in pedagogical features including key concepts boxes and revision questions at the end of each chapter, this new edition will be a vital resource for upper-level undergraduate and postgraduate students studying environmental economics, ecological economics and environmental policy.

Industry Reviews

"An economics textbook that puts environmental capital in first place, and then uses good economic theory to arrive at truthful conclusions and relevant policies. A big step forward in teaching economics!" -- Herman Daly, Emeritus Professor, University of Maryland, School of Public Policy, USA

"At last an economics textbook that acknowledges that the basis of an economy is the environment. The potential role of economics in addressing many of the environmental issues facing our planet, especially climate change, has been hampered by the incomplete nature of the basic tenets of neo-classical economics. This book corrects that problem and will provide students with the tools to make much sharper contributions to current policy debates. It is an ideal textbook for any serious environmental economics course." -- Peter Phibbs, Department of Urban and Regional Planning Director, Henry Halloran Trust, University of Sydney, Australia

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