Publication date:
09 April 2007Length of book:
198 pagesPublisher
Rowman & Littlefield PublishersISBN-13: 9780742546998
For the past 25 years, governmental decision-makers have employed the economic approach of benefit-cost analysis for resource allocation decisions. Environmental Economics describes, in a non-technical, readily understandable way, why the actual practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare enhancing.
Graves' economics book takes a critical look at the benefit-cost analysis of environmental issues. This well-written, teaching-style book has excellent coverage of the applicable theory and methodology, and serves as a good primer for advanced undergraduates and practitioners with some economics background.