Markets and the Environment, Second Edition
328 pages, 5 1/2 x 9
30 illustrations
Release Date:15 Jan 2016

Markets and the Environment, Second Edition

Island Press
A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon.

Nathaniel Keohane is a vice president at the Environmental Defense Fund, where he leads EDF’s International Climate program and helps to shape the organization’s advocacy for environmentally effective and economically sound climate policy.

Sheila Olmstead joined the Lydon B. Johnson School of Public Affairs at the University of Texas at Austin as an associate professor of public affairs in 2013.

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