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Markets and the Environment: An Introduction to Environmental and Resource Economics

Keohane, Nathaniel O., and Sheila M. Olmstead. 2007. Markets and the Environment. Washington, DC: Island Press.

Olmstead, Sheila

Markets and the Environment is a concise yet comprehensive introduction to a topic of central importance in understanding a wide range of environmental issues and policy approaches. It offers an overview of the fundamentals of environmental economics that will enable students and professionals to quickly grasp important concepts and to apply those concepts to real-world environmental problems. In addition, the book integrates normative, policy, and institutional issues at a principles level. Chapters examine: the benefits and costs of environmental protection, markets and market failure, natural resources as capital assets, and sustainability and economic development.

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