1.0 Introduction.

1.1 How Much Pollution Is Too Much?.

1.2 Is Government Up to the Job?.

1.3 How Can We Do Better?.

1.4 Can We Resolve Global Issues?.

1.5 Summary.

Chapter 2: Ethics and Economics.

2.0 Introduction.

2.1 Utility and Utilitarianism.

2.2 Social Welfare.

2.3 Summary.

Chapter 3: Pollution and Resource Degradation as Externalities.

3.0 Introduction.

3.1 The Open Access Problem.

3.2 The Public Goods Problem.

3.3 Summary.

Appendix 3A: Overfishing, ITQs, and Aquaculture.

Chapter 4: The Efficiency Standard.

4.0 Introduction.

4.1 Efficiency Defined.

4.2 Efficient Pollution Levels.

4.3 Marginals and Totals.

4.4 The Coase Theorem Introduced.

4.5 Air Pollution Control in Baltimore: Calculating the Efficient Standard.

4.6 The Ethical Basis of the Efficiency Standard. . . . . . .

4.7 Summary.

Chapter 5: The Safety Standard.

5.0 Introduction.

5.1 Defining the Right to Safety.

5.2 The Safety Standard: Inefficient.

5.3 The Safety Standard: Not Cost-Effective.

5.4 The Safety Standard: Regressive?.

5.5 Siting Hazardous Waste Facilities: Safety versus Efficiency.

5.6 Summary.