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Economics and the Environment, 5th Edition
Eban S. Goodstein,
Lewis and Clark College
ISBN: 978-0-471-76309-3
©2008
528 pages
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Hallmark Features
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- Four Questions organize the theory and applications for the course in a way that students can understand and appreciate. The Four Questions are: 1. How much pollution and resource degradation is too much? 2. Is government up to the job? 3. How can we do better? 4. How can we resolve global issues? This format avoids the tendency of other books to separate the theory from the topics and examples of the theory.
- The text is especially accessible to environmental studies students because it works with instead of against any pre-existing hostility towards economics on the part of the student. Throughout, it acknowledges common environmentalist objections to economics, and then invites the students to learn more.
- Balanced coverage of neoclassical versus ecological approaches to sustainability. Chapters 6 and 7 provide an even-handed introduction to the two sides of this controversy over how to evaluate the costs of an environmental crisis.
- Puzzles which appear throughout the text and a lively writing style make this a student-friendly book. For example, the “Mr. Bill” puzzle in Chapter 6 is fun and motivating introduction to depreciating stocks of natural capital like oil.
- Continued updated coverage of hot topics, such as LA Basin trading (Chapter 17), the international global warming treaty, the Kyoto Protocol (Chapters 1 and 23) and the double-dividend debate (Chapter 9).
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