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PRINCIPLES OF ENVIRONMENTAL ECONOMICS This text offers a systematic exposition of environmental and natural resource economics. It presents the economic and ecological principles essential for a clear understanding of contemporary environmental and natural resource issues and policy considerations. Environmental and natural resource issues are considered in a broad, interdisciplinary context that does not treat them as just another subset of applied economics. The main subject areas include: • basic economic concepts specifically relevant to environmental economics • the economics of natural resource scarcity • ecology, economics and the biophysical constraints to economic growth • ecological economics • the economics of sustainable development • the economics of pollution • valuing the environment • the economics of natural resources • population, development and the environment The author develops specific tools to illuminate the central problems of environmental economics. Fundamental economic concepts specifically relevant to environmental and resource economics are introduced and then integrated with ecological principles and approaches. This text presents an integrated understanding of environmental and resource economics that acknowledges the disciplinary tie between economics and ecology. This student-friendly textbook contains a variety of study tools including learning points, boxed features, case studies, revision questions and discussion questions. Written in a clear and accessible style, Principles of Environmental Economics considers a variety of real-world examples to illustrate the policy relevance and implications of key economic and ecological concepts. Ahmed M.Hussen is a Professor and Chair of the Department of Economics, Kalamazoo College, Michigan, USA. PRINCIPLES OF ENVIRONMENTAL ECONOMICS Economics, ecology and public policy Ahmed M.Hussen LONDON & NEW YORK First published 2000 by Routledge 11 New Fetter Lane, London EC4P 4EE This edition published in the Taylor & Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 © 2000 Ahmed M.Hussen All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Hussen, Ahmed M. Principles of environmental economics: economics, ecology and public policy/Ahmed M.Hussen. p. cm. Includes bibliographical references and index. 1. Environmental economics. 2. Ecology. 3. Environmental policy. I. Title. HC79.E5H875 1999 333. 7–dc21 99–17809 CIP ISBN 0-203-45581-9 Master e-book ISBN ISBN 0-203-76405-6 (Adobe eReader Format) ISBN 0-415-19570-5 (hbk) ISBN 0-415-19571-3 (pbk)
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